Jaipur: Shriram General Insurance (SGI) has announced a 21% year-on-year increase in Gross Direct Premium (GDP) for the fourth quarter of fiscal year 2026, reaching Rs 1,332 crore compared to Rs 1,099 crore in the same period last year. This growth significantly outpaced the industry average of 11%, highlighting SGI's sustained momentum in the competitive non-life insurance sector.
Full-Year Performance
For the entire fiscal year FY26, SGI's GDP climbed 24% to Rs 4,636 crore, substantially ahead of the industry growth of approximately 9%. The company attributed this strong performance to sustained growth in its motor insurance portfolio, disciplined underwriting practices, and expanding distribution capabilities.
Profitability and Financial Health
Net profit for Q4 FY26 increased 28% year-on-year to Rs 167 crore, while annual net profit rose 17% to Rs 601 crore from Rs 515 crore in FY25. Investment income during the quarter also grew by 22%. Anil Aggarwal, Managing Director and CEO of the company, stated that SGI maintained a strong balance sheet with a solvency ratio of 2.95, well above the regulatory requirement of 1.50, reflecting financial stability and prudent capital management.
Motor Insurance Growth
Motor insurance continued to be SGI's largest and fastest-growing business segment. Motor premium income rose 21.5% in Q4 FY26 and 23.4% during the full fiscal year, reaching Rs 4,293 crore for the year. The company added over 19,000 new financial advisors during FY26, taking the total advisor strength to more than 1.05 lakh.
Dividend Announcement
The board approved a final dividend payout of 53%, taking the overall dividend payout for FY26 to 162%. The company noted that it has distributed cumulative dividends of over Rs 3,354 crore up to March 2026.
