Shriram General Insurance Company reported an 8% increase in profit to ₹130 crore for the quarter ending March 2025, compared to ₹121 crore in the same period last year. The company’s gross direct premium income rose to ₹1,099 crore from ₹876 crore a year ago, marking a 25% growth.
For the fiscal year ending March 2025, Shriram General Insurance posted a 13% increase in net profit to ₹515 crore, up from ₹455 crore in the previous year. The company’s solvency ratio stood at 3.51 times as of March-end, well above the minimum regulatory requirement of 1.5 times.
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Commenting on the future outlook, Anil Aggarwal, MD and CEO of Shriram General Insurance, stated, “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’s performance reflects its strong position in the general insurance market, with a clear strategy for future growth and expansion. The increase in gross direct premium income indicates a significant rise in business volume, contributing to the overall profit growth.
