Shriram General Insurance’s H1 premium income rises 21 pc to Rs 2,470 cr
The company’s premium income in the second quarter of FY27 increased 18.94 per cent to Rs 1,290.59 crore from Rs 1,085.08 crore in the year-ago period, compared with industry growth of 6.97 per cent, the Insurance company said in a release.
Motor insurance, the company’s key business segment, registered 21 per cent growth in premium income to Rs 2,269 crore during the first half, against Rs 1,869 crore in the corresponding period last year.
The industry recorded 13.15 per cent growth in the segment.
The non-motor portfolio grew 14 per cent to Rs 201 crore, compared with Rs 176 crore a year ago, while the industry’s growth stood at 7.11 per cent. Personal Accident insurance recorded 28 per cent growth, against industry growth of 19 per cent.
The company’s net profit increased 7.28 per cent to Rs 289.04 crore in H1FY27 from Rs 269.42 crore in the corresponding period last year.
Its assets under management rose 3.69 per cent year-on-year to Rs 14,778 crore as of September 2026, compared with Rs 14,252 crore a year ago.
The solvency ratio stood at 2.62, against the regulatory requirement of 1.50.
Managing Director and CEO Anil Aggarwal attributed the performance to disciplined business expansion, strong distribution and growth across motor, personal accident and non-motor insurance segments.
The company would continue to strengthen its distribution network, improve customer experience and expand insurance accessibility while maintaining profitable growth, he said.
The insurer onboarded 9,802 financial advisors during the first half, taking its total advisor strength to 1,13,717.
Its branch network expanded to 291 from 281 a year ago, while the number of active policies increased to 79 lakh from 69 lakh in the corresponding period last year.
