General Insurance Corporation of India

General Insurance Corporation of India (GIC) has announced that its Board of Directors will convene on October 30, 2026. The primary agenda item is the consideration and approval of the unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026. The company also stated that the trading window for designated persons will remain closed until 48 hours after the announcement of these financial results, reopening thereafter. This notice aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

General Insurance Corporation of India's Board of Directors has approved the temporary relocation of its office premises to facilitate repairs and maintenance. Additionally, the Board approved the appointment of Mrs. Prerana Puthran as the new Chief Risk Officer (Key Managerial Person), succeeding Ms. Jayashri Balkrishna, effective October 9, 2026. Mrs. Puthran, currently Deputy General Manager, has extensive experience within GIC Re, including in risk management.

General Insurance Corporation of India (GIC Re) announced that its Board of Directors has approved the temporary relocation of its office premises for repairs. Additionally, the Board has approved the appointment of Mrs. Prerana Puthran as the new Chief Risk Officer (Key Managerial Person), succeeding Ms. Jayashri Balkrishna, effective October 9, 2026. Mrs. Puthran, who joined GIC Re in 1992, brings extensive experience in underwriting, risk management, and various other departments.

General Insurance Corporation of India's Board of Directors has granted in-principle approval for the temporary relocation of its office premises to facilitate necessary repairs and maintenance. Additionally, the Board approved the appointment of Mrs. Prerana Puthran as the new Chief Risk Officer (Key Managerial Person), succeeding Ms. Jayashri Balkrishna, effective October 9, 2026. Mrs. Puthran, currently a Deputy General Manager, has extensive experience in various departments including Enterprise Risk Management, Underwriting, and Investor Relations since joining GIC Re in 1992.

General Insurance Corporation of India (GIC) has announced the appointment of joint statutory auditors for the Financial Year 2026-27. The Board of Directors, via a circular resolution on October 1, 2026, approved the appointment and remuneration of the auditors, as advised by the Comptroller and Auditor General of India (C&AG). The appointed auditors are M/s S H B A & CO LLP and M/s S A R A & Associates. Both firms have extensive experience in statutory audits and other professional services. The appointment is effective for FY 2026-2027.

General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Divesh Sehara as a Director (Government Nominee) on its Board. The appointment was made by the Ministry of Finance, Government of India, in exercise of powers under Article 75(ii) of the Corporation's Articles of Association. Shri Sehara, a 2005 batch IAS officer, currently serves as Joint Secretary in the Department of Financial Services. He replaces Shri Manoj Muttathil Ayyappan and his appointment is effective immediately until further orders. Shri Sehara is not related to any existing directors and is not debarred from holding a director's office.

General Insurance Corporation of India (GIC Re) has informed shareholders about the upcoming dividend payment and the implications of the Income Tax Act, 2025. The Board of Directors recommended a dividend of ₹13.25 per equity share for FY 2025-26, subject to shareholder approval at the 54th AGM. The record date is set for September 4, 2026. Due to changes in the Income Tax Act, dividend income will be taxable in the hands of shareholders, requiring GIC Re to deduct Tax at Source (TDS) at prescribed rates. For resident shareholders, TDS will be 10% unless exempt, with a threshold of ₹10,000 for individuals. PAN linkage with Aadhaar is mandatory; failure to comply will result in a 20% TDS rate. Specific documentary requirements are outlined for certain entities seeking exemption.

General Insurance Corporation of India (GIC) has announced the assumption of office by Shri Hiteshkumar Kismatbhai Bhandari as a Part-time Non-Official Director on its Board. His tenure officially began on 13th August 2026. The company confirmed that Shri Bhandari is not related to any existing directors and has not been debarred from holding a directorship by any regulatory authority, including SEBI. This appointment is in continuation of a previous intimation dated 13th August 2026.

General Insurance Corporation of India (GIC Re) announced its financial performance for the quarter ended June 30, 2026. Gross Premium Income rose by 8.78% to ₹13,475.36 crore from ₹12,388.01 crore in the same period last year. The company saw a significant reduction in its Incurred Claims ratio to 85.04% from 90.42%, leading to a 20.26% decrease in Underwriting Loss to ₹723.87 crore. Profit Before Tax increased by 11% to ₹2,490.25 crore, and Profit After Tax grew by 9.69% to ₹1,922.04 crore. The Solvency Ratio improved to 4.32 from 3.85. Total Assets grew by 5.19% to ₹2,07,789.87 crore, and Net Worth (without fair value change account) stood at ₹53,124.50 crore. Consolidated Gross Premium Income for the group also increased to ₹13,541.51 crore.

General Insurance Corporation of India (GIC) announced its unaudited financial results for the quarter ended June 30, 2026. The results, which were standalone and consolidated, were approved by the Board of Directors at a meeting held today. The company also provided the Auditors' Limited Review Report. The financial results will be available on the corporation's website.