Shriram General Insurance

Shriram General Insurance on Wednesday reported a 28 per cent year-on-year growth in net profit at Rs 167 crore in the January-March quarter of FY26, citing a higher premium income. Net profit during the fourth quarter of FY25 stood at Rs 130 crore, the company said in a statement here. For the full FY26 fiscal, the net profit rose 17 per cent to Rs 601 crore from Rs 515 crore recorded in FY25. The company said it has logged a 21 per cent year-on-year rise in gross direct premium income in the fourth quarter of FY26, outperforming the general insurance industry's growth rate of 11 per cent. In absolute terms, gross direct premium income rose to Rs 1,332 crore in the quarter under review from Rs 1,099 crore recorded in the corresponding period of the preceding fiscal year, driven mainly by growth in its motor insurance portfolio, the insurer said. For the full 2025-26 fiscal, the company posted a 24 per cent increase in premium income to Rs 4,636 crore, compared with Rs 3,753 crore

The insurer plans to quadruple its premium base by 2030 as it expands its advisor network and motor portfolio while maintaining strong profitability and solvency

Disclose all extensions, additional structures at the time of purchase

Shriram General Insurance on Monday reported an 8 per cent rise in profit to Rs 130 crore during the March quarter. The company reported a post-tax profit of Rs 121 crore in the year-ago period. The gross direct premium income of the company improved to Rs 1,099 crore against Rs 876 crore in the same quarter a year ago, registering a growth of 25 per cent. For the financial year ended March 2025, the general insurance arm of Shriram group posted a 13 per cent increase in net profit to Rs 515 crore from Rs 455 crore in the previous year. The solvency ratio was 3.51 times at March-end against minimum regulatory requirement of 1.5 times. Looking ahead, Shriram General Insurance Company MD and CEO Anil Aggarwal said, "We are focused on diversifying our portfolio, expanding our digital capabilities, and enhancing our presence in underserved markets. We believe our strategic initiatives are designed to deliver sustainable growth and value for our stakeholders.

Shriram General Insurance is also targeting an increase in its number of financial advisors from 86,558 currently to around 91,000 by the end of this financial year

Shriram General Insurance Company Ltd announced plans to re-enter the crop insurance portfolio as part of its diversification strategy. Shriram General Insurance, jointly owned by the diversified Shriram Group and Africa-based Sanlam Ltd, offers a range of general insurance products. In a statement on Tuesday, the company reported its financial performance for the July-September 2024 quarter, stating it achieved a 15 per cent year-on-year increase in Gross Written Premium (GWP), rising to Rs 861 crore from Rs 750 crore in the same quarter of the previous financial year. The company plans to add 20,000 financial agents during the current financial year, bringing the total to 90,000. For the six-month period ending September 30, 2024, the Gross Written Premium grew to Rs 1,594 crore, up from Rs 1,310 crore in the same period last year. Net profit for the six-month period ending September 30, 2024, increased to Rs 254 crore, compared to Rs 217 crore in the same period the previous ..

SGI plans to strengthen its advisor network by adding 20,000 financial agents, raising the total from 79,832 to 90,000 by the end of this fiscal

Shriram Group and South African financial services giant Sanlam jointly own Shriram Life Insurance and Shriram General Insurance

Plans to increase share of non-motor business to 15%

SGIC is all set to re-enter the crop business and also expand its presence in the non-motor segment to 15 per cent

Shriram General Insurance Company Ltd has reported a net profit for the January-March 2024 quarter at Rs 121 crore, the company said on Wednesday. Shriram General Insurance Company is jointly owned by the diversified conglomerate Shriram Group and South Africa-based Sanlam Ltd. In a statement, the company said it earned a net profit of Rs 121 crore for the quarter ending March 31, 2024 while net profits for the year ending March 31, 2024, stood at Rs 455 crore. The Gross Written Premium during the quarter under review was at Rs 876 crore up by 30 per cent over the same period of last financial year. Commenting on the financial performance, Shriram General Insurance Company Ltd MD and CEO Anil Aggarwal said, "The year gone by has been a milestone for our business as we recorded the highest ever growth since we began our operations in 2008. Our Gross Written Premium rose to 34 per cent exceeding the industry growth of 12.8 per cent." "We expect the FY25 Gross Written Premium Growth

From technology detox to meditation and deep breathing, Anil Aggarwal incorporates wellness into his daily routine

Shriram General Insurance reported a 51 per cent growth in net profit to Rs 117 crore for the December quarter on higher premium income, market gains, and better claims management. The company said its premium income grew 41 per cent during the quarter, led by motor business that rose 42 per cent, personal accident segment that clipped past 57 per cent, and fire insurance grew 14 per cent, taking the gross written premium during the period to Rs 850 crore. The Jaipur-based Shriram group company underwrote 10 per cent more policies during the reporting period, adding 1,681,086 new customers. The company said it has settled 47,006 claims during the third quarter of the ongoing fiscal, compared to 38,937 in the year-ago period. Motor premium grew to Rs 779 crore, which was 42 per cent higher than Rs 549 crore, personal accident segment rose 57 per cent from Rs 21 crore to Rs 33 crore, fire business went up 14 per cent to Rs 24 crore, and engineering premium rose to Rs 5 crore from Rs

Shriram General Insurance has planned to diversify its product portfolio by focusing more on the non-motor segments like marine, fire, during the current financial year, a top official said. Motor insurance has been the core of the business for the Jaipur-based firm accounting to about 92 per cent, company Chief Underwriting Officer Shashi Kant Dahuja said. As part of the diversification plan, the company would launch new insurance products under the fire, marine, engineering segments, he said. "The idea is to double our non-motor business to around 15 per cent in two to three years from the current 7-8 per cent," Dahuja told PTI in an interaction. The non-motor business was growing at 70 per cent, he said. To strengthen its presence in the non-motor business, he said the company would launch products in cyber insurance, pay as you drive, theft and pet insurance, soon. "As a business strategy we don't want to be excessively dependent on one vertical and we also want to diversify

Shriram General Insurance Company posted a 37 percent growth in net profit at Rs 98 crore during the first quarter of FY 24. The insurer on Tuesday said it wrote 13,03,340 policies driven by higher digital selling of traditional and new combo products. About 82 percent of all its policies now come from online purchases and the company introduced three new products during the quarter, the insurer jointly owned by Shriram Group and Africa's Sanlam Group, said in a statement. Its gross written premium (GWP) stood at Rs 560 crore, a rise of 39 percent growth over the same period last year. The company's solvency at the end of June 2023 was 4.83 from 4.48 a year ago. It has settled 39,076 claims in Q1 FY24 compared to 33,811 in the year-ago period. "Our physical approach is the main driver during the quarter. While we remain focussed on existing business streams, we believe newer areas like EV insurance and developing a stream of combo insurance plans will help the market and drive growt

Company targets 40% growth in gross direct premium in 2023-24

Likely to sell combined stake of 30% in the company at an enterprise valuation of $2 billion, say sources

The firm plans to replicate the model nationwide, going forward

As per the trends, the industry is expected to double its CAGR to 10.2% by the end of 2022 from its slowest growth of the decade at 5% from 2021, said Shriram General Insurance Company Ltd MD

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance