Jaipur: Shriram General Insurance Company (SGI) reported a robust performance in the first half of fiscal 2026, with Gross Written Premium (GWP) growing 28% year-on-year to Rs 2,045 crore, outpacing the general insurance industry’s average growth rate of 7%. The surge was led primarily by strong traction in the motor insurance segment, which remains the company’s largest portfolio. SGI’s motor insurance business grew by 28% year-on-year in the first half and 26% in the second quarter alone, reaching Rs 1,002 crore in Q2 FY26 compared to Rs 795 crore in the same quarter last year. Other key segments covering personal accident (25%), engineering (11%), and fire (7%) also reported solid growth. The company’s push to deepen its distribution network has gained momentum. SGI recruited 9,482 new financial advisors during the first half, taking its total strength to 97,570 advisors. Anil Aggarwal, MD & CEO, Shriram General Insurance, said the company aims to double this network to 2 lakh advisors by FY2030, with a sharper focus on expanding reach in semi-urban and rural markets. “The sustained growth of our motor insurance portfolio reflects the trust our customers place in us and underscores our commitment to innovation, reliability, and excellence,” said Aggarwal. SGI’s net profit rose 6% year-on-year in H1 FY26 to Rs 269 crore, compared to Rs 254 crore in the corresponding period of FY25. The second quarter alone saw a 3.1% rise in profit, to Rs 144 crore from Rs 140 crore in Q2 FY25. The insurer’s solvency ratio stood at a healthy 3.33 times as of Sept 30, 2025, well above the regulatory minimum of 1.5 times, underscoring its financial strength and prudent capital management. SGI’s policy base expanded to 69 lakh active policies, compared with 63 lakh a year earlier.
