Shriram General Insurance company has reported a 13 per cent increase in its net profit at ₹515 crore for FY25, up from ₹455 crore in FY24. Net profit for the March 2025 quarter stood at ₹130 crore, compared to ₹121 crore in Q4FY24.

Driven by strong growth in the motor segment, the company’s gross written premium (GWP) stood at ₹3,753 crore in FY25 —a 24 per cent increase, significantly outpacing the industry growth rate of 6 per cent.

The motor business GWP rose by 25 per cent to ₹3,478 crore in FY25. Meanwhile, the personal accident and engineering segments posted growth of 2 per cent (₹119 crore) and 12 per cent (₹24 crore) respectively, while the fire segment declined by 2 per cent (₹87 crore).

“In FY25, we have delivered a strong performance driven by a focused approach in the motor segment,” said Anil Aggarwal, MD & CEO, Shriram General Insurance Company.

In the March 2025 quarter, GWP grew by 25 per cent to ₹1,099 crore, compared to ₹876 crore in Q4FY24.

The company issued 16.12 lakh policies during the fourth quarter of FY25, reflecting 9 per cent year-on-year growth. For the full year, it issued 60.85 lakh policies, up from 58.90 lakh in the previous year, marking a 3 per cent increase.

SGI had 65.17 lakh live policies at the end of FY25, compared to 62.59 lakh a year earlier.

The company’s solvency ratio was 3.51 as of March 2025, well above the regulatory minimum of 1.50.

Published on May 12, 2025