Shriram General reports 9% profit growth in Q1 FY 2026

The company issued 15.41 lakh policies in the quarter.

Shriram General Insurance Company (SGI) reported a 9% year-on-year (YoY) increase in net profits to ₹125 crore, during the first quarter of fiscal year 2026 (Q1 2026). 

The insurer also registered a 31%  YoY rise in gross written premium (GWP) for the Q1 2026, reaching ₹960 crore. 

The growth significantly outpaced the general insurance industry’s average of 9%. Investment income also rose by 7%, supported by steady returns from financial instruments.

SGI Managing Director and CEO Anil Aggarwal attributed the strong performance to robust growth in the motor insurance segment and increasing customer trust. 

The company issued 15.41 lakh policies in the quarter, a 20% increase from 12.82 lakh a year ago. Aggarwal also pointed to promising early traction in SGI’s recently launched health insurance offerings.

The company ended the quarter with 68 lakh active policies, up from 63 lakh a year earlier. Its solvency ratio stood at 3.35 as of June 2025, well above the regulatory minimum of 1.5.

SGI also boosted its Financial Advisor recruitment, adding 4,777 new advisors in the quarter.

The company now has 93,769 advisors and aims to expand that number to 2,00,000 by FY 2030.