365telugu.com online news,HYDERABAD,February 5th,2026: Shriram General Insurance Company (SGI) has reported a robust performance for the third quarter of FY26, significantly outpacing the general insurance industry’s growth. The company’s Gross Direct Premium (GDP) rose by 19% year-on-year (YoY) to ₹1,258 crore, compared to ₹1,061 crore in the same period last year.
The company’s growth trajectory remains 2.8 times higher than the industry average. On a cumulative basis for the first nine months of the fiscal (April–December 2025), SGI recorded a 24% increase in GDP, reaching ₹3,304 crore.
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Financial Highlights
The focus on profitable expansion resulted in a 26% surge in net profit, which climbed to ₹165 crore for Q3 FY26. The company also maintains a healthy solvency ratio of 3.32, well above the regulatory mandate of 1.5.
Performance by Segment (Q3 FY26):
Motor Insurance: ₹1,171.12 crore (19% growth)
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Personal Accident: ₹44.33 crore (15% growth)
Engineering: ₹7.54 crore (38% growth)
Fire: ₹18.90 crore (3% growth)
Network Expansion
SGI’s “phygital” strategy—combining physical presence with digital reach—continues to drive scale. The company added over 14,000 new financial advisors this year, bringing its total strength to over 1.01 lakh agents. The branch network has also grown to 285 locations across the country.
Anil Aggarwal, MD & CEO of Shriram General Insurance, attributed the success to disciplined underwriting and enhanced claims servicing. “Our motor portfolio remains a primary driver, supported by a 17% growth in investment income,” he stated.
Vision 2030
Looking ahead, the insurer has set ambitious long-term goals:
Premium Targets: Aiming for ₹4,600 crore by the end of this fiscal and ₹8,000 crore by 2030.
Workforce Growth: Plans to double its advisor network to 2 lakh by FY 2029–30.
Innovation: Exploring new frontiers like surety bonds and parametric insurance products.