Tag: Shriram General Insurance

Jaipur, November 06, 2024.Shriram General Insurance Company (SGI) has reported a 15% year-on-year increase in Gross Written Premium (GWP) for Q2 FY25, reaching Rs. 861 Cr, up from Rs. 750 Cr in the same quarter last year. For the first half of the financial year, GWP grew by 22%, rising from Rs. 1,310 Cr to Rs. 1,594 Cr, significantly outperforming the general insurance industry's growth rate of 7%.The company issued 2,732,906 policies during the first half of FY25 and posted a net profit of Rs. 254 Cr, reflecting a 17% growth from Rs. 217 Cr in the same period last year.Shriram General Insurance settled 102,449 claims in HY1 FY25, a significant increase from 86,708 claims in the year-ago period.The company’s solvency ratio stands strong at 3.93 as of September 30, 2024, well a...

Jaipur, August 06,2024.Shriram General Insurance Company (SGIC) has announced that its Gross Written Premium (GWP) during Q1 FY25 has increased by 31% to Rs 733 crore, over the same period last year surpassing the industry growth of 13%.The company wrote 1282017policies in Q1FY25 and earned a net profit of Rs. 114 crore sduring the first quarter of FY25, a growth of 17% from Rs 98 crores a year ago period. The company has settled 48290 claims during Q1 FY25, compared to 39076 in the year ago period. The solvency ratio was 3.87 as of 30 June 2024against the regulatory requirement margin of 1.5. The number of live policies has gone up to 62.85 Lakhs in Q1FY25from 57 Lakhs in the same period a year ago.Segment wise GWP (in Cr) till June 2024:ParticularsFor the Quart...