Shriram General Insurance Outshines Industry in Q1 FY26
Shriram General Insurance Company reported a 31% YoY growth in Gross Written Premium for Q1 FY26, against the industry's 9%. Net profit rose by 9%, and the solvency ratio was 3.35 as of June 2025. The company also expanded its Financial Advisor hiring by 5% during the quarter.
- Country:
- India
Shriram General Insurance Company showcased remarkable performance in the first quarter of FY26, experiencing a 31% year-on-year increase in Gross Written Premium (GWP). This growth markedly surpasses the general insurance industry's average growth rate of 9%, indicating a strong foothold in the market.
The company's net profit saw a rise of 9% during the same period, while the solvency ratio stood at 3.35, well above the regulatory requirement. A significant contributor to this success was the expansion of the company's motor insurance segment, which alone saw a 31% uplift.
Anil Aggarwal, MD & CEO, expressed optimism for continued growth, fueled by customer trust and diversification into health insurance products. The company also increased its recruitment of Financial Advisors by 5%, reflecting strategic growth efforts for future expansions.
(With inputs from agencies.)
Google News