Insurance company Shriram reports robust Q1 performance: Premium collection surges 31%, net earnings climb 9%
Shriram General Insurance Posts Strong Q1 Performance
Shriram General Insurance Company (SGI) has reported a robust performance in the first quarter of the financial year 2026 (FY26), with significant growth across its core segments and strategic initiatives.
The company experienced a 31% year-on-year increase in its Gross Written Premium (GWP), reaching an impressive Rs. 960 crore. This growth outpaced the general insurance industry's average growth rate of 9%.
The motor segment showed a remarkable 31% year-on-year growth, underscoring its consistent performance. The health insurance segment also demonstrated promising growth, with a significant 445% increase in GWP. SGI's recently launched health insurance products have contributed to this expansion of its offerings.
Anil Aggarwal, MD & CEO of SGI, stated that the company issued 15.41 lakh policies during Q1 FY26, a 20% increase from the same period last year. The company also achieved a 5% increase in the recruitment of Financial Advisors during the quarter, reflecting its efforts to enhance its distribution network and reach more customers.
The engineering segment saw a 17% increase in GWP, while the personal accident, fire, business protector, and other miscellaneous segments also posted growth. The GWP for the fire segment increased by 25%, the personal accident segment by 9%, the business protector segment by 389%, and the other miscellaneous segment by 42%.
Investment income at SGI grew by 7% in Q1 FY26, supported by consistent returns from financial instruments. As of June 2025, SGI managed assets worth Rs 13,377 crore and had 68 lakh active policies.
SGI's strong financial position is evident from its solvency ratio, which stood at 3.35 as of June 2025, well above the regulatory requirement of 1.5. The company plans to scale up its Financial Advisor strength to 2,00,000 by fiscal year 2029-30.
Overall, SGI's Q1 performance was marked by strong premium growth, increased policy issuance, and an optimistic outlook for future growth driven by its core segments and new product offerings.
[1] The general insurance industry's average growth rate was 9% in Q1 FY26. [2] SGI's net profit grew by 9%, reaching Rs. 125 crore in Q1 FY26. [3] As of June 2025, SGI had 68 lakh active policies and managed assets worth Rs 13,377 crore.
[1] Despite the general insurance industry's average growth of 9% in Q1 FY26, Shriram General Insurance Company (SGI) reported a 31% year-on-year increase in its Gross Written Premium (GWP), outpacing the industry.
[2] Additionally, SGI's net profit grew by 9%, reaching Rs. 125 crore in Q1 FY26, reflecting a positive financial performance for the business.
