Key Highlights of Q4FY25:
25% YoY Growth in GWP, exceeding industry growth by 15X
8% YoY Growth in Net Profit
9% growth in AUM
Solvency ratio at 3.51 , as on March 31, 2025
27% growth in Motor segment
Key Highlights of FY25:
24% growth in GWP, exceeding industry growth by 4X
13% increase in net profit
9% growth in AUM
25% growth in Motor segment
51% increase in Financial Advisors recruitment
Jaipur, May 12, 2025: Driven by strong growth in motor premium, Shriram General Insurance Company (SGI) has reported a 25% year-on-year increase in Gross Written Premium (GWP) for Q4 FY25, at Rs. 1099 Cr, up from Rs. 876 Cr in the same quarter last year. At the end of FY25 the GWP of the insurer grew by 24%, rising from Rs 3036 Cr in FY24 to Rs. 3753 Cr, significantly outperforming the general insurance industry's growth rate of 6%.
Net profit for the quarter rose to Rs 130 Cr, an 8% growth from Rs. 121 Cr in the same period last year. Investment income rose by 12%. For FY25 the net profit rose to Rs. 515 from Rs. 455 a 13% increase from the same period a year ago.
Anil Aggarwal, MD & CEO of Shriram General Insurance Company, stated, “In FY25, we have delivered a strong performance driven by a focused approach in the motor segment. Our resilience and agility have enabled us to outperform industry significantly across key parameters. Looking ahead, 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."
SGI issued 16.12 Lakh policies during the fourth quarter of FY25, up by 9% YoY. SGI has issued 60.85 Lakh policies for the year compared to 58.90 Lakh policies issued last year reflecting 3% growth.
The company’s solvency ratio stands at 3.51 as of March 2025, well above the regulatory requirement of 1.50.
SGI has 65.17 Lakh live policies by the end of FY25, compared to 62.59 Lakh policies in the year ago period.
The drive to onboard financial advisors gained further momentum with the company recruiting 5479 financial advisors during the quarter. Currently, SGI’s advisor strength stands at 89,621 and the plan is to expand this number to 2,00,000 by the fiscal year 2029–30.
About Shriram General Insurance Company
Shriram General Insurance Company (SGIC), jointly owned by Shriram Group and Sanlam Group, South Africa offers a complete range of general insurance products, ranging from motor, home and personal accidents in the retail space and customized products like fire, engineering, and marine Insurance in the corporate space. Shriram General Insurance manages assets worth Rs. 13140 Cr across with 65.17 lakh live policies. The company has 279 branches in 26 states and an employee strength of 4130 across India, as of March 2025.
About Shriram Group
Shriram Group is India’s leading financial conglomerate with a dominant presence in retail financing, life insurance, general insurance, chit fund, stock broking, asset management, distribution of financial products, and wealth advisory services. The Group focuses on serving the underserved and is driven by its financial inclusion agenda of bringing finance to low-income families and small businesses. As of December 2024, Shriram Group has an overall customer base of over 3.23 Crore, a marketing force of 1,70,500+, employee strength of over 1,16,000+ across 4650+branches and manages an AUM of Rs 3.21 Lakh Cr.
