Shriram General Insurance Company (SGI) — a joint venture between the Shriram Group and Sanlam Group (South Africa) — has announced solid results for the first half of FY 2025-26 (H1 FY26). The company recorded robust growth in premiums, stable profitability, and continued financial strength, well ahead of industry averages.
Financial Performance Highlights
- Gross Written Premium (GWP): ₹ 2,045 crore in H1 FY26, up 28 % year-on-year (H1 FY25: ₹ 1,594 crore).
- Net Profit: ₹ 269 crore, marking a 6 % increase from ₹ 254 crore a year earlier.
- Motor Insurance Segment: Grew 28 % YoY and 26 % in Q2 alone, supported by vehicle sales and renewals.
- Other Segments: Personal accident +25 %, engineering +11 %, fire +7 %.
- Active Policies: 69 lakh as of September 2025 (vs 63 lakh a year ago).
- Financial Advisor Network: Expanded by 9,482 to a total of 97,570 advisors.
- Solvency Ratio: 3.33 times — well above the regulatory minimum of 1.5.
Strategic Outlook
The company is targeting a Gross Written Premium of ₹ 10,000 crore by 2030, aiming to quadruple its current size. SGI plans to deepen rural penetration, digitise claims and policy issuance, and double its advisor base to two lakh by the end of the decade.
Conclusion
Shriram General Insurance H1 FY26 performance demonstrates a healthy balance of growth and stability. A 28 % premium surge and 6 % profit rise highlight the company’s resilience and operational discipline. With a strong solvency position and aggressive expansion plans, SGI is well-placed to sustain its lead in India’s fast-growing general insurance sector.
FAQs
(i) What was SGI’s premium growth in H1 FY26?
Ans: A 28 % increase in gross written premium to ₹ 2,045 crore.
(ii) How much did profit grow?
Ans: Net profit rose 6 % to ₹ 269 crore.
(iii) Which business segment led growth?
Ans: Motor insurance was the main driver, with a 28 % jump.
(iv) What is SGI’s solvency ratio?
Ans: 3.33 times — well above regulatory requirements, showing financial strength.
(v) What is the company’s long-term goal?
Ans: To reach ₹ 10,000 crore GWP by 2030 through digital expansion and wider market reach.
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