General Insurance Corporation of India Management Change
GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
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GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
Premium growth is strong, but Q2 profit fell year on year to ₹2,455.62 Cr as the claims ratio rose to 87.39%. Management deflected on catastrophe losses, combined-ratio targets and Ind AS impact.
H1 FY27 GWP Rs 24,704 Cr, NWP Rs 23,226 Cr, PAT Rs 4,378 Cr, combined ratio 107.4%, ROE 16.4%, solvency 418%. Strategy: international expansion, cat reserves, digitisation.
GIC Re reported half-year ended 30 September 2026 gross premium of Rs.24,703.57 crore and profit after tax of Rs.4,377.66 crore. PAT fell 5.23% year on year.
General Insurance Corporation of India reported revenue from operations of ₹13,540 Cr (+17.8% YoY) and net profit of ₹2,966 Cr (+3.2% YoY) for Q2 FY27.
General Insurance Corporation of India gave prior notice that its board meets on 30 October 2026 to consider unaudited Q2 standalone and consolidated results. The trading window stays closed until 48 hours after results.
General Insurance Corporation of India issued a Postal Ballot notice to shareholders. The agenda includes the appointment of Shri Divesh Sehara as Government Nominee Director.
The company submitted its quarterly shareholding pattern under SEBI regulations. It also provided an update on its request for extending minimum public shareholding compliance deadlines.