GIC Re Sets Stage for Q2 FY26 Results Announcement and Earnings Call

1 min read     Updated on 06 Nov 2025, 07:38 PM
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Jubin VergheseScanX News Team
Overview

GIC of India (GIC Re) will release its Q2 FY2026 financial results on November 12, 2025. An earnings conference call is scheduled for November 17, 2025, at 12:00 hrs IST. Mr. Hitesh Joshi, Executive Director with Additional Charge of CMD, will lead the discussion. GIC Re holds a 51% market share in India's reinsurance sector and offers various reinsurance services globally.

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GIC of India (GIC Re), India's largest reinsurance company, is gearing up to reveal its financial performance for the second quarter of fiscal year 2026. The company has scheduled a series of events to discuss its results with investors and analysts.

Key Highlights

  • Results Announcement Date: November 12, 2025
  • Earnings Conference Call: November 17, 2025, at 12:00 hrs IST
  • Call Duration: 1 hour (12:00 hrs - 13:00 hrs IST)

Conference Call Details

GIC Re has provided multiple options for stakeholders to join the earnings call:

Access Method Details
Primary Number +91 22 6280 1107 / +91 22 7115 8008
USA Toll-Free 18667462133
UK Toll-Free 08081011573
Singapore Toll-Free 8001012045
Hong Kong Toll-Free 800964448
Express Join Pre-registration available for direct dial-in

Management Representation

Mr. Hitesh Joshi, Executive Director with Additional Charge of CMD, will lead the discussion along with other top management members. They will provide insights into the financial results for the period ended September 30, 2025, and address questions from participants.

Company Overview

GIC Re continues to hold a dominant position in India's reinsurance market:

  • Accounted for approximately 51.00% of premiums ceded by Indian insurers to reinsurers in FY24
  • Provides reinsurance across various business lines including fire, marine, motor, engineering, agriculture, aviation/space, health, liability, credit, financial, and life insurance
  • Maintains an international presence through branch offices in London and Kuala Lumpur
  • Operates subsidiaries in the United Kingdom (a member of Lloyd's of London), South Africa, and Russia

The upcoming earnings call presents an opportunity for investors and analysts to gain deeper insights into GIC Re's performance and strategic direction. As India's reinsurance landscape continues to evolve, GIC Re's results may provide valuable indicators of the sector's health and future prospects.

Investors and interested parties are encouraged to pre-register for the call to ensure smooth participation and avoid potential queues.

Historical Stock Returns for GIC of India

1 Day5 Days1 Month6 Months1 Year5 Years
+0.56%+2.94%+0.45%-6.53%+5.62%+210.14%
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GIC Re Appoints Hitesh Joshi as Interim CMD with Administrative Powers

1 min read     Updated on 24 Oct 2025, 09:14 PM
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Reviewed by
Shriram ShekharScanX News Team
Overview

GIC of India has appointed Hitesh Ramesh Chandra Joshi as interim Chairman-cum-Managing Director (CMD), effective October 1, 2025. Joshi, currently Executive Director at GIC Re, will serve for three months or until a regular CMD is appointed. The Ministry of Finance approved this appointment, granting Joshi full financial and administrative powers. Joshi, a Fellow of the Insurance Institute of India, brings expertise in reinsurance, finance, and international business operations to the role.

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*this image is generated using AI for illustrative purposes only.

GIC of India , the country's national reinsurer, has announced a significant leadership change. The Ministry of Finance has approved the appointment of Hitesh Ramesh Chandra Joshi as the interim Chairman-cum-Managing Director (CMD) of GIC Re, effective from October 1, 2025.

Key Details of the Appointment

Aspect Details
Appointee Hitesh Ramesh Chandra Joshi
Current Position Executive Director, GIC Re
New Role Interim Chairman-cum-Managing Director
Effective Date October 1, 2025
Duration Three months or until a regular CMD is appointed
Approval Authority Ministry of Finance

About Hitesh Ramesh Chandra Joshi

Hitesh Joshi brings a wealth of experience and academic qualifications to his new role:

Qualification/Experience Details
Educational Background - Post-graduate in Accountancy from Mumbai University
- Master's in Financial Management from Jamnalal Bajaj Institute
Professional Certification Fellow of the Insurance Institute of India
Areas of Expertise Reinsurance, Retrocession, Finance, Internal Audit, Investor Relations
Current Responsibilities Oversees International Business Operations, Human Resources, Information Technology, and Actuarial functions

In his current position as Executive Director, Joshi has been managing crucial areas of GIC Re's operations, including International Business Operations, Human Resources, Information Technology, Office Services, Business Intelligence, and Actuarial functions.

Implications and Compliance

The appointment comes with full financial and administrative powers of the CMD position. GIC Re has confirmed that Joshi is not related to any existing directors of the corporation and faces no regulatory restrictions that would prevent him from holding this office.

This interim appointment ensures continuity in GIC Re's leadership as the search for a permanent CMD continues. The move underscores the importance of experienced internal leadership in navigating the complex landscape of the reinsurance industry.

As GIC Re adapts to this transitional period, stakeholders will be watching closely to see how this change in leadership might influence the corporation's strategic direction and operational efficiency in the coming months.

Historical Stock Returns for GIC of India

1 Day5 Days1 Month6 Months1 Year5 Years
+0.56%+2.94%+0.45%-6.53%+5.62%+210.14%
GIC of India
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