Jaipur, 04 February 2026: Shriram General Insurance Company (SGI) has delivered a robust performance in Q3 FY26, reporting Gross Direct Premium (GDP) of ₹1,258 crore, up 19% year-on-year (YoY) from ₹1,061 crore, outperforming the industry growth of 11%, led primarily by its motor insurance portfolio. On a cumulative basis till Q3 FY26, SGI’s GDP grew 24% YoY to ₹3,304 crore, significantly ahead of the industry growth of 9%.
The company’s focus on profitable growth translated into a 26% YoY increase in net profit, rising to ₹165 crore in Q3 FY26 from ₹131 crore in the corresponding period last year. SGI continues to maintain a strong balance sheet with a solvency ratio of 3.32 as of 31 December 2025, well above the regulatory requirement of 1.5.
Distribution Expansion Drives Scale
SGI’s phygital model has been a key enabler of its consistent growth. Up to Q3 FY26, the company onboarded 14,262 new financial advisors, taking total advisor strength to 1,01,474. Its branch network expanded to 285 from 278 a year ago, while active policies rose to 69 lakh, up from 64 lakh in the previous year.
Segment-wise Growth Highlights:
- Motor Insurance: ₹1,171.12 Cr, up 19% YoY
- Personal Accident: ₹44.33 Cr, up 15% YoY
- Fire: ₹18.90 Cr, up 3% YoY
- Engineering: ₹7.54 Cr, up 38% YoY
Commenting on the performance, Mr. Anil Aggarwal, MD & CEO, Shriram General Insurance, said:
“Our Q3 FY26 performance reflects strong execution across core segments. The motor portfolio recorded healthy YoY growth driven by deeper distribution reach, disciplined underwriting, and enhanced claims servicing capabilities. Profitability remains robust, supported by a 17% YoY growth in investment income to ₹255 crore. We remain committed to scaling our advisor and branch networks to drive sustainable growth in the coming years.”
Future Growth Plans:
- Distribution Scale-Up: SGI aims to expand its advisor network to 2 lakh by FY 2029–30.
- Revenue Targets: The company expects to close FY26 with ₹4,600 crore in Gross Written Premium (GWP) and aims to reach ₹8,000 crore by 2030.
- Product Diversification: SGI is exploring opportunities in parametric insurance and surety bond insurance.