National : Driven by strong performance across its key business segments, Shriram General Insurance Company (SGI) continued its strong growth trajectory in Q2FY27, outperforming the industry across key business segments. The insurer recorded a 21% YoY growth in Gross Direct Premium (GDP) to ₹2,470.41 crore in H1FY27, compared with ₹2,045.46 crore in the corresponding period last year. The General Insurance industry grew 9 % during the period.
The strong growth momentum witnessed in Q1 continued into Q2FY27, with GDP rising 18.94% to ₹1,290.59 crore from ₹1,085.08 crore in Q2FY26 marking another quarter of outpacing the industry, growth of 6.97%.
Motor insurance, the mainstay of SGI’s business, continued to lead its growth in Q2 FY27, expanding by 19 % to ₹1189 from ₹1002 crore the previous year.
Alongside its strong premium growth, SGI continued to focus on profitable business expansion, with net profit (PAT) rising 7.28% YoY to ₹289.04 crore in H1FY27, compared with ₹269.42 crore in the corresponding period last year.
Reflecting its sound financial position, the company maintained a strong solvency ratio of 2.62 as of September 2026, comfortably above the regulatory requirement of 1.50.
Motor and non-motor growth (in ₹ crore)
| Business | SGI | Industry | ||||||
| Q2FY27 | Q2FY26 | Growth | HY1 FY27 | HY1 FY26 | Growth | Growth% Qtr2 FY 27 | Growth% HY1 FY 27 | |
| Motor | 1189 | 1002 | 19% | 2269 | 1869 | 21% | 12.44% | 13.15% |
| Non- Motor | 102 | 83 | 23% | 201 | 176 | 14% | 4.77% | 7.11% |
| Total | 1291 | 1085 | 19% | 2470 | 2045 | 21% | 6.97% | 8.86% |
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