GIC of India , India's largest reinsurance company, has announced its plans to discuss its Q1FY26 financial results in an upcoming earnings call. The company, which commands approximately 51% of premiums ceded by Indian insurers to reinsurers during FY24, is set to reveal its quarterly performance to analysts and investors.

Key Details of the Earnings Call

• Results Announcement Date: August 7, 2025
• Earnings Call Date: August 8, 2025
• Time: 11:00 AM to 12:00 PM IST
• Primary Contact Numbers: +91 22 6280 1107 / +91 22 7115 8008

GIC of India has also provided international toll-free numbers for participants from the USA, UK, Singapore, and Hong Kong, facilitating global investor participation. A pre-registration facility with DiamondPass™ is available for those wishing to avoid queues and save time.

Management Representation

The earnings call will be led by Mr. Ramaswamy N, Chairman and Managing Director of GIC of India, along with other top management members. This presents an opportunity for stakeholders to gain insights directly from the company's leadership.

About GIC of India

GIC of India, incorporated in 1972, has established itself as a cornerstone of India's reinsurance market. The company offers a diverse range of reinsurance services across multiple business lines, including:

• Fire (property)
• Marine
• Motor
• Engineering
• Agriculture
• Aviation/Space
• Health
• Liability
• Credit and financial insurance
• Life insurance

With its headquarters in Mumbai and strategic presence through branch offices in London and Kuala Lumpur, GIC of India has expanded its global footprint. The company also operates subsidiaries in the United Kingdom (a member of Lloyd's of London), South Africa, and Russia. Notably, GIC of India's Lloyd's syndicate has been operational since April 2018, marking its entry into one of the world's most renowned insurance markets.

GIC of India's commitment to providing robust reinsurance products and services over the past five decades has solidified its position as a trusted brand both in India and overseas. The company's financial strength is underscored by its "A-" (Excellent) rating from AM Best, a testament to its stability and reliability in the reinsurance sector.

As GIC of India prepares to share its Q1FY26 results, the upcoming earnings call will likely provide valuable insights into the company's performance and strategic direction in the evolving global reinsurance landscape.

General Insurance Corporation of India (GIC Re), a leading reinsurance company, has announced the appointment of Shri Tapan Kumar Mondal as a Government Nominee Director on its Board, effective July 24, 2025. This appointment comes as part of the Ministry of Finance's efforts to strengthen the governance structure of public sector insurance companies.

New Director's Profile

Tapan Kumar Mondal, currently serving as Deputy Secretary in the Department of Financial Services, Ministry of Finance, brings a wealth of experience to his new role at GIC Re. Key points about Mondal's background include:

• A Central Secretariat Service officer from the 1990 batch
• Holds a B.Sc. degree from the University of Calcutta
• Extensive experience across various government departments, including:
  • Directorate General of Supplies and Disposals (DGS&D)
  • Department of Industrial Policy and Promotion (now DPIIT)
  • Ministry of Defence

In his current role, Mondal works as Deputy Secretary (Vigilance) in the Department of Financial Services. He also serves as the Nodal Officer for the Andaman & Nicobar Islands Union Territory Level Bankers' Committee, showcasing his involvement in regional financial matters.

Appointment Details

The Ministry of Finance, through a letter dated July 24, 2025, conveyed that the Central Government has nominated Shri Tapan Kumar Mondal as Director on the Board of GIC Re. This appointment is effective immediately and will continue until further orders.

GIC Re has confirmed that Mondal is not related to any existing directors of the corporation. Furthermore, he is not debarred from holding the position of director by any regulatory authority, ensuring compliance with corporate governance norms.

Regulatory Compliance

In line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, GIC Re promptly disclosed this appointment to the stock exchanges.

Recent Developments

While the appointment of Shri Tapan Kumar Mondal is the primary focus, it's worth noting that GIC Re has recently faced some regulatory challenges:

1. The company received an order from the Commissioner Appeals CGST & Central Excise, Mumbai, demanding a tax liability of Rs. 138.47 crore (including interest and penalties) for alleged short payment of tax under the CGST Act 2017 for FY 2017-18 and FY 2020-21.

2. Another order from the same authority demands a tax liability of Rs. 3.79 crore for alleged contravention of Rule 42 reversal under the CGST Act 2017 for FY 2017-18.

GIC Re has stated that these orders do not have a material impact on its financials, operations, or other activities. The company intends to file appeals against both demands at the GST tribunal after consulting with its tax advisors.

As GIC Re navigates these regulatory matters, the addition of Shri Tapan Kumar Mondal to its Board is expected to bring valuable insights from his extensive experience in various government departments, potentially strengthening the company's governance and strategic decision-making processes.