Mumbai, Maharashtra, 6th of August, 2026 : Shriram General Insurance Company delivered a strong performance in the first quarter of FY2027, demonstrating robust momentum in the general insurance market. The company’s Gross Direct Premium (GDP) grew 23% year-on-year to ₹1,180 crore in Q1FY27, significantly ahead of the industry’s approximately 11% growth.
Motor insurance, the backbone of the company’s business, also recorded a strong 25% growth. Personal accident insurance surged 47%, while health insurance registered an impressive 211% growth. The company’s net profit increased 5% to ₹131 crore.
SGI’s Assets Under Management (AUM) rose 8.9% to ₹14,573 crore. During the quarter, the company added 5,176 new financial advisors, taking its total advisor strength to 1,10,102. The number of active policies also increased to 72 lakh.
According to MD & CEO Anil Agarwal, disciplined underwriting, a strong distribution network, and efficient claims settlement have been key drivers of the company’s growth. SGI has set a target of increasing its financial advisor base to 2 lakh by FY2030.
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