Shriram General Insurance Posts Robust Profit Growth in March Quarter
Shriram General Insurance reported an 8% rise in profit, reaching Rs 130 crore during the March quarter. The company's gross direct premium income grew 25% to Rs 1,099 crore. The solvency ratio was 3.51 times, surpassing the regulatory requirement. MD and CEO Anil Aggarwal emphasized the company's focus on portfolio diversification and digital expansion.
- Country:
- India
Shriram General Insurance has announced a significant 8% increase in profits, totaling Rs 130 crore for the March quarter, compared to Rs 121 crore in the same period last year.
The company's gross direct premium income saw a notable 25% rise, reaching Rs 1,099 crore from last year's Rs 876 crore. For the financial year ending March 2025, they reported a 13% net profit increase to Rs 515 crore from Rs 455 crore.
The firm's solvency ratio stood at 3.51 times, well above the regulatory requirement of 1.5 times. MD and CEO Anil Aggarwal indicated plans for portfolio diversification and digital capability expansion aiming for sustainable growth.
(With inputs from agencies.)
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