Business EconomyPosted at: May 12 2025 5:19PM


SGI Q4 premium jumps 25 pc to Rs 1,099 crore

Jaipur, May 12 (UNI) Shriram General Insurance Company (SGI) on Monday reported a 25 per cent year-on-year rise in its Gross Written Premium (GWP) for the fourth quarter of FY25, which stood at Rs 1,099 crore, compared to Rs 876 crore in the same period last year, driven largely by strong growth in its motor insurance segment.
The motor segment alone contributed Rs 1,031 crore during Q4, registering a 27 per cent growth.
Other segments such as personal accident and miscellaneous insurance posted year-on-year increases of 11 per cent and 75 per cent respectively. However, the fire and engineering segments declined by 17 per cent and 13 per cent respectively.
For the full financial year, SGI's GWP stood at Rs 3,753 crore, up 24 per cent from Rs 3,036 crore in FY24 — significantly higher than the general insurance industry’s growth rate of 6 per cent.
Net profit for the January–March quarter rose by 8 per cent to Rs 130 crore, from Rs 121 crore in the corresponding quarter of the previous year. Investment income during the quarter grew by 12 per cent. For the full year, SGI posted a net profit of Rs 515 crore, reflecting a 13 per cent increase over Rs 455 crore reported in FY24.
Commenting on the performance, SGI Managing Director and CEO Anil Aggarwal said, “In FY25, we have delivered a strong performance driven by a focused approach in the motor segment. Our resilience and agility have enabled us to outperform the industry significantly across key parameters. Looking ahead, we are focused on diversifying our portfolio, expanding our digital capabilities, and enhancing our presence in underserved markets. We believe our strategic initiatives are designed to deliver sustainable growth and value for our stakeholders.”
The company issued 16.12 lakh policies during the fourth quarter, marking a 9 per cent year-on-year rise. Total policies issued in FY25 stood at 60.85 lakh, up from 58.90 lakh in the previous year — a growth of 3 per cent. The number of live policies rose to 65.17 lakh as of March 31, 2025, from 62.59 lakh a year earlier.
SGI’s solvency ratio remained strong at 3.51, comfortably above the regulatory requirement of 1.50.
The insurer also continued to expand its advisor network, recruiting 5,479 new financial advisors in the fourth quarter. The total advisor strength now stands at 89,621, with a long-term plan to scale up to 2 lakh advisors by FY30.
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