CARE Ratings has reaffirmed the ratings assigned to General Insurance Corporation of India (GIC Re). The ratings remain at CARE AAA; Stable. This announcement indicates CARE Ratings’ continued confidence in the financial stability and operational performance of GIC Re. The reaffirmation underscores the corporation’s ability to meet its obligations and maintain its strong market position within the insurance sector.
CARE Ratings Reaffirms GIC Re’s Ratings
General Insurance Corporation of India (GIC Re) has received confirmation that its ratings have been reaffirmed by CARE Ratings. The announcement, dated January 1, 2026, highlights the continued assessment of GIC Re’s financial standing.
Rating Details
CARE Ratings has maintained the rating of CARE AAA; Stable for GIC Re. This signifies a high degree of creditworthiness and a stable outlook, reflecting the agency’s perspective on GIC Re’s ability to fulfill its financial commitments.
Source: BSE
