Shriram General Insurance Company (SGI) posted a strong Q3, with Gross Direct Premium (GDP) up 19% YoY at ₹1,258 Cr, from ₹1,061Cr outpacing the industry growth of 11% led by its motor book. On a cumulative basis till Q3 FY26, SGI’s GDP grew 24% YoY to ₹3,304 Cr, up from ₹2,654 Cr in the corresponding period last year—2.8X times over the industry growth of 9%.
SGI’s focus on profitable growth translated into a 26 % YoY increase in net profit, rising to ₹165 Cr in Q3 FY26 from ₹131 Cr last year. The company continued 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 fuels scale
SGI’s prudent phygital model remains a key enabler of its consistent growth. The company onboarded 14,262 new financial advisors up to Q3 FY26, taking the total advisor strength to 1,01,474. Its branch network expanded to 285, compared to 278 branches a year ago.
Active policies rose to 69 lakhs as of 31 December 2025, up from 64 lakh a year ago.
Segment wise GDP (in ₹ crore)
| Particulars | Q3FY26 | Q3FY25 | Growth % |
| Motor | 1171.12 | 988.14 | 19% |
| Personal Accident | 44.33 | 38.70 | 15% |
| Fire | 18.90 | 18.27 | 3% |
| Engineering | 7.54 | 5.46 | 38% |
