Shriram General Insurance Achieves Robust Q1 Growth with 31% Surge in Premiums

Shriram General Insurance Company (SGI) has delivered an impressive financial performance in the first quarter of fiscal year 2026. The company recorded a substantial 31% year-on-year increase in Gross Written Premiums (GWP), reaching Rs. 960 crore, which is well above the industry average growth rate of 9%.

In addition to the notable performance in GWP, the company's net profit rose by 9% to Rs. 125 crore. This growth was supported by a 7% rise in investment income. SGI issued over 15 lakh policies during the quarter, indicating a 20% increase in policy sales compared to the previous year.

Shriram General Insurance is optimistic about future growth, particularly in its developing health insurance sector. The company's solvency ratio stands strong at 3.35, far exceeding the regulatory requirement. SGI continues to expand its workforce, adding close to 4,800 new financial advisors in the last quarter alone.

(With inputs from agencies.)