Nov 10, 2026: Driven by strong performance across its key business segments, Shriram General Insurance Company (SGI) continued its strong growth trajectory in Q2FY27, outperforming the industry across key business segments. The insurer recorded a 21% YoY growth in Gross Direct Premium (GDP) to ₹2,470.41 crore in H1FY27, compared with ₹2,045.46 crore in the corresponding period last year. The General Insurance industry grew 9 % during the period.
The strong growth momentum witnessed in Q1 continued into Q2FY27, with GDP rising 18.94% to ₹1,290.59 crore from ₹1,085.08 crore in Q2FY26 marking another quarter of outpacing the industry, growth of 6.97%.
Motor insurance, the mainstay of SGI’s business, continued to lead its growth in Q2 FY27, expanding by 19 % to ₹1189 from ₹1002 crore the previous year.
Alongside its strong premium growth, SGI continued to focus on profitable business expansion, with net profit (PAT) rising 7.28% YoY to ₹289.04 crore in H1FY27, compared with ₹269.42 crore in the corresponding period last year.
Reflecting its sound financial position, the company maintained a strong solvency ratio of 2.62 as of September 2026, comfortably above the regulatory requirement of 1.50.
Motor and non-motor growth (in ₹ crore)
|
Business
|
SGI
|
Industry
|
||||||
|
Q2FY27
|
Q2FY26
|
Growth
|
HY1 FY27
|
HY1 FY26
|
Growth
|
Growth%
Qtr2 FY 27 |
Growth%
HY1 FY 27 |
|
|
Motor
|
1189
|
1002
|
19%
|
2269
|
1869
|
21%
|
12.44%
|
13.15%
|
|
Non- Motor
|
102
|
83
|
23%
|
201
|
176
|
14%
|
4.77%
|
7.11%
|
|
Total
|
1291
|
1085
|
19%
|
2470
|
2045
|
21%
|
6.97%
|
8.86%
|
Mr. Anil Aggarwal, MD & CEO, Shriram General Insurance Company said, “SGI’s performance in the first half of FY27 reflects the strength of our business model and our continued focus on disciplined growth. We have sustained strong momentum in our core motor insurance business while also recording encouraging growth across segments such as Personal Accident and non-motor insurance. Our strong distribution strategy has reaped us benefits. Going forward, we will continue to further strengthen our distribution network, enhance customer experience and expand insurance accessibility while maintaining a sustainable and profitable growth trajectory.”
A distribution thrust centred around the phygital model has been the key growth driver for SGI. The company onboarded 9,802 new financial advisors during H1FY27, a 3% increase over the corresponding period last year, taking its total advisor strength to 1,13,717. The company also continues to strengthen its physical footprint, expanding its branch network to 291 branches, up from 281 a year earlier. The focus on distribution has succeeded in expanding the customer base. The active policies count grew from 69 lacs in H1FY26 to 79 laks in the current FY’s half year.
Shriram General Insurance remains well positioned to capitalise on emerging opportunities in India’s growing general insurance market. The company continues to focus on disciplined underwriting, customer-centric innovation, and broadening insurance accessibility across the nation as it advances towards its long-term growth ambitions.
