GIC Re South Africa Ltd has an unconditional and irrevocable parental guarantee from its parent, GIC Re India.

On 27th June 2025, S&P Global Ratings revised its outlook for GIC Re South Africa Ltd. from ‘stable’ to ‘Positive‘. At the same time, S&P affirmed our  financial strength and issuer credit ratings as ‘BB+’ and South Africa national scale rating as ‘zaAAA’ .

S&P Latest Rating Statement June 2025