SGI outpaces industry with 24% premium growth in FY26

Jaipur: Shriram General Insurance reported a 21% year-on-year rise in Gross Direct Premium (GDP) for Q4 FY26, reaching Rs 1,332 crore, compared to Rs 1,099 crore in the same quarter last year. This exceeded the industry growth rate of 11%, underlining SGI’s continued momentum in the competitive non-life insurance sector.

For the full fiscal year FY26, SGI’s GDP climbed 24% to Rs 4,636 crore, substantially ahead of the industry growth of around 9%.

Anil Aggarwal, MD & CEO of the company, said, “The performance is largely attributed to sustained growth in its motor insurance portfolio, disciplined underwriting practices, and expanding distribution capabilities.”

Net profit for Q4 FY26 increased 28% year-on-year to Rs 167 crore, while annual net profit rose 17% to Rs 601 crore from Rs 515 crore in FY25. Investment income during the quarter also grew 22%.

Agarwal said the company maintained a strong balance sheet with a solvency ratio of 2.95, well above the regulatory requirement of 1.50, reflecting financial stability and prudent capital management.

Motor insurance continued to be SGI’s largest and fastest-growing business segment. Motor premium income rose 21.5% in Q4 FY26 and 23.4% during FY26, reaching Rs 4,293 crore for the year.

The company added over 19,000 new financial advisors during FY26, taking the total advisor strength to more than 1.05 lakh.

The board approved a final dividend payout of 53%, taking the overall dividend payout for FY26 to 162%. The company noted that it has distributed cumulative dividends of over Rs 3,354 crore till March 2026.