AM Best has affirmed the Financial Strength Rating of A- (Excellent), the Long-Term Issuer Credit Rating of “a-” (Excellent), and the National Scale Rating of aaa.IN (Exceptional) for General Insurance Corporation of India (GIC Re). The ratings reflect the corporation’s strong balance sheet, adequate operating performance, favourable business profile, and appropriate enterprise risk management, with a stable outlook.
Credit Ratings Confirmation
General Insurance Corporation of India (GIC Re) has received confirmation from AM Best regarding its credit ratings. The announcement, dated October 10, 2025, highlights the continued recognition of GIC Re’s financial stability and operational strength.
Key Rating Highlights
AM Best has affirmed the following ratings for GIC Re:
- Financial Strength Rating: A- (Excellent)
- Long-Term Issuer Credit Rating: “a-” (Excellent)
- National Scale Rating: aaa.IN (Exceptional)
Factors Behind the Ratings
The ratings affirmation is based on AM Best’s assessment of GIC Re’s balance sheet strength, which is considered very strong. Additionally, the ratings reflect GIC Re’s adequate operating performance, favourable business profile, and appropriate enterprise risk management. The outlook for these ratings remains stable.
Source: BSE
