Shriram General Insurance gross premium rises 23% to ₹1,180 crore in April-June
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File image: Shriram General Insurance MD & CEO Anil Aggarwal
Shriram General Insurance reported a 23% YoY increase in gross direct premium (GDP), reaching ₹1,180 crore in Q1 FY27, surpassing the broader general‑insurance industry growth of 11%.
Key Takeaways
- Shriram General Insurance’s gross direct premium rose 23% YoY to Rs 1,180 crore in Q1 FY27, beating the industry’s 11% growth.
- Motor insurance, its largest segment, grew 25% versus the industry’s 14% rise.
- Net profit climbed 5% to Rs 131 crore, with solvency ratio at 3.02, well above the 1.50 regulatory minimum.
- MD & CEO Anil Aggarwal credited expanding the distribution network and disciplined underwriting.
The motor insurance line, its biggest segment, rose 25% in the April‑June period versus the industry’s 14% rise, while the personal accident portfolio grew 47%, matching the sector trend.
Net profit climbed 5% to ₹131 crore for the quarter, up from ₹125 crore in the same period last fiscal year.
MD & CEO Anil Aggarwal emphasized the focus on expanding the distribution network by onboarding financial advisors, coupled with disciplined underwriting.
He noted that the solvency ratio stood at 3.02 as of June 2026, well above the regulatory minimum of 1.50.
“Efficient claims settlement builds customer confidence,” he added.
The company plans to grow its financial‑adviser force to 200,000 by FY30 and is steadily strengthening its health‑insurance footprint.
Published on August 6, 2026
