National, November 10, 2026: Shriram General Insurance Company (SGI) reported a 21% year-on-year increase in gross direct premium to ₹2,470.41 crore for the first half of FY27, surpassing the general insurance industry’s 9% growth during the same period.
The company’s growth momentum continued into the second quarter, with gross direct premium rising 18.94% to ₹1,290.59 crore in Q2FY27 from ₹1,085.08 crore a year earlier. The industry recorded a 6.97% increase in the quarter.
Motor and non-motor segment performance
SGI’s motor insurance business, its largest segment, grew 19% year-on-year in Q2FY27 to ₹1,189 crore, compared to ₹1,002 crore in Q2FY26. For the half year, motor premiums rose 21% to ₹2,269 crore, while the industry saw growth of 13.15%.
In the non-motor segment, SGI registered a 23% increase in Q2FY27 to ₹102 crore and a 14% rise for H1FY27 to ₹201 crore, outpacing the industry’s 7.11% growth. Personal Accident insurance premiums grew 28% year-on-year, compared to the industry’s 19% rise.
Profitability and financial position
The insurer’s net profit rose 7.28% year-on-year to ₹289.04 crore in H1FY27, up from ₹269.42 crore in the same period last year. Assets under management increased 3.69% to ₹14,778 crore as of September 2026, from ₹14,252 crore a year earlier. The company maintained a solvency ratio of 2.62, above the regulatory requirement of 1.50.
Distribution network and customer base
SGI expanded its distribution network by onboarding 9,802 new financial advisors in H1FY27, a 3.37% increase year-on-year, bringing its total advisor strength to 1,13,717. The branch network grew to 291, up from 281 a year earlier. The number of active policies increased from 69 lakh in H1FY26 to 79 lakh in H1FY27.
Managing Director and CEO Anil Aggarwal said the company’s performance reflects its business model strength and focus on disciplined growth, with continued momentum in core motor insurance and growth in personal accident and non-motor segments. “Our strong distribution strategy has reaped us benefits. Going forward, we will continue to further strengthen our distribution network, enhance customer experience and expand insurance accessibility while maintaining a sustainable and profitable growth trajectory,” Aggarwal said.
Company background
Shriram General Insurance Company is jointly owned by Shriram Group and Sanlam Group, South Africa. The company offers a range of general insurance products and manages assets worth ₹14,778 crore, with 79 lakh live policies and 291 branches as of September 2026. Its workforce numbers 4,358 employees.
Shriram Group serves over 3 crore customers and manages an AUM of ₹3.97 lakh crore as of June 2026, operating through more than 4,800 branches across India.
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