Shriram General Insurance registered an increase of 8% in profit of ₹ 130 crore during the March quarter on Monday.
The company reported tax profit after ₹ 121 crore in the year-old period.
The company’s gross direct premium income improved a year ago in the same quarter against ₹ 876 crore, which led to an increase of 25%.
For the financial year ending March 2025, the general insurance branch of the Shri Ram Group recorded a 13% increase in net profit from of 455 crore to ₹ 515 crore in the previous year.
The solvency ratio was 3.51 times in March-end compared to the minimum regulator requirement of 1.5 times.
Looking forward, Anil Aggarwal, MD and CEO of Shri Ram General Insurance Company, said, “We are focusing on diversifying our portfolio, expanding our digital capabilities and increasing our presence in the underscors markets. We believe that our strategic initiative is designed to give permanent growth and value for our stakeholders.”
Published – May 13, 2025 01:51 AM IST
