Shriram General Insurance posts 25% GWP growth and 8% net profit rise in Q4 FY25

General insurance companies

Shriram General Insurance Company (SGI) reported a 25 percent year-on-year increase in Gross Written Premium (GWP) to Rs 1,099 crore in Q4 FY25, up from Rs 876 crore in Q4 FY24.

The growth, driven by a 27 percent surge in the motor segment, outpaced the general insurance industry’s growth rate by 15 times, according to the company's regulatory filing.

For the full fiscal year FY25, SGI’s GWP grew by 24 percent to Rs 3,753 crore from Rs 3,036 crore in FY24.

Net profit for Q4 FY25 rose by 8 percent to Rs 130 crore from Rs 121 crore in the same quarter last year, supported by a 12 percent increase in investment income.

For the full year, net profit climbed 13 percent to Rs 515 crore from Rs 455 crore in FY24.

The company’s assets under management (AUM) grew by 9 percent to Rs 13,140 crore, while its solvency ratio stood at a 3.51 as of March 31, 2025, well above the regulatory requirement of 1.50.

SGI’s motor segment, which contributed Rs 1,031 crore to Q4 GWP, saw a 27 percent year-on-year growth, while the full-year motor GWP rose 25 percent to Rs 3,478 crore.

Other segments showed mixed performance, with personal accident premiums up 11 percent to Rs 28 crore in Q4, and miscellaneous segments surging 75 percent to Rs 16 crore.

However, fire and engineering segments declined by 17 percent and 13 percent, respectively, in Q4.

The company issued 16.12 lakh policies in Q4 FY25, a 9 percent year-on-year increase, and 60.85 lakh policies for the full year, up 3 percent from 58.90 lakh in FY24.

SGI’s live policies grew to 65.17 lakh by March 2025, compared to 62.59 lakh a year ago.

Additionally, SGI expanded its distribution network by recruiting 5,479 financial advisors in Q4, bringing the total to 89,621, with plans to reach 2,00,000 by FY30.

Anil Aggarwal, MD & CEO of SGI, attributed the performance to the company’s focus on the motor segment and strategic agility, the release said.

“Our strong FY25 results reflect our ability to outperform the industry significantly. We aim to diversify our portfolio, enhance digital capabilities, and expand in underserved markets to ensure sustainable growth,” he said.