Jaipur, November 05, 2025.
Shriram General Insurance Company (SGI) delivered
a strong performance in the first half of fiscal 2026, driven by sustained
momentum in its motor insurance portfolio. The company recorded a 28%
year-on-year increase in Gross Written Premium (GWP), reaching ₹2,045 crore,
up from ₹1,594 crore in H1 FY26—four times the general insurance industry’s average
growth rate of 7%.
The company’s solvency ratio stood at 3.33, as of
30th September 2025, well above the regulatory requirement of 1.5
times. SGI had 69 lakh active policies, as of September 2025, as compared to 63
lakh a year ago.
The company’s drive to onboard financial advisors gained further
momentum during the period, with 9,482 new financial advisors being recruited
during the first half of the fiscal. SGI’s total
financial advisor strength stands at 97,570, with plans to scale this up to two
lakhs by fiscal year 2029–30.
Mr. Anil Aggarwal, MD & CEO of Shriram General
Insurance Company, said:“The sustained growth of our motor insurance
portfolio reflects the trust our customers place in us and underscores our
commitment to innovation, reliability, and excellence. We will continue setting
the standard for solutions that protect and empower every journey.”
Net profit for the period rose by 6%,
climbing to ₹269 crore from ₹254 crore in the same period
last year. Additionally, investment income grew by 18%,
supported by consistent returns from financial instruments.
The
motor segment grew 26% year-on-year in the second quarter of FY26. Net profit rose
3.11% to ₹144 crore in Q2
FY26from ₹140 crore in the
same quarter of the last fiscal.Investment income increased to ₹253 crore—upby 30.49% from ₹194
crore in Q2 FY25.
Segment wise GWP (in ₹crore)
|
Particulars |
Q2FY26 |
Q2FY25 |
Growth % |
|
Motor |
1002.34 |
794.89 |
26% |
|
Personal
Accident |
32.93 |
26.25 |
25% |
|
Fire |
24.94 |
23.36 |
7% |
|
Engineering |
6.58 |
5.92 |
11% |