Chennai, Nov 11:
Shriram General Insurance Company (SGI) has posted a 7.28 per cent year-on-year increase in net profit (PAT) to Rs 289.04 crore for the first half of the financial year 2026–27 (H1FY27), up from Rs 269.42 crore in the corresponding period of the previous year.
Gross Direct Premium (GDP) during the April–September period surged 20.78 per cent to Rs 2,470.41 crore compared to Rs 2,045.46 crore in H1FY26, outpacing the general insurance industry’s average growth rate of 8.86 per cent. The company’s core motor insurance portfolio grew 21.40 per cent to Rs 2,269 crore, while the non-motor segment expanded 14.20 per cent to Rs 201 crore. For the second quarter (Q2FY27), premium income stood at Rs 1,290.59 crore, up 18.94 per cent year-on-year.
The insurer reported assets under management (AUM) of Rs 14,778 crore with 79 lakh active policies as of September 2026. Its solvency ratio stood robust at 2.62 against the statutory regulatory requirement of 1.50. SGI Managing Director and CEO Anil Aggarwal attributed the performance to disciplined underwriting and the expansion of the firm’s physical and digital distribution network, which added 9,802 financial advisors during the half-year to reach a total agency force of 1,13,717 operating across 291 branches nationwide.