Shriram General Insurance just announced a big win. Their profits grew by 13% in the last year. This is for the financial year ending March 31, 2025 (FY25). You might be wondering what this means.
The company’s profit after tax (PAT) hit ₹192 crore. This is up from ₹170 crore in the previous year (FY24). That’s a strong boost for the company. It shows they are doing well.
Shriram General Insurance Boosts FY25 Profits
Shriram General Insurance is really growing. Their profit after tax reached ₹192 crore for FY25. This is a clear jump from ₹170 crore in FY24. The company focuses on general insurance policies. These include things like car or health insurance.
The money they collect from policies also grew. This is called Gross Written Premium (GWP). It hit ₹3,546 crore in FY25. This is a 17% rise. Last year, their GWP was ₹3,028 crore. This means more people bought insurance from them.
Also, their income from investments soared. It went up by 24%. This added ₹383 crore to their earnings. Good investments help the company earn more. This makes them financially stronger.
Financial Health and Future Growth Plans
The company’s financial health looks great. Its combined ratio improved to 97.77% in FY25. This ratio shows how much money an insurer spends on claims and running its business. A lower number means better performance. It was 98.79% in FY24. So, they spent less to earn more.
Shriram General also has a strong solvency ratio. It stood at 4.04 as of March 31, 2025. The industry needs a minimum of 1.5. A high solvency ratio definition means they have plenty of money. They can easily pay out claims. This offers you peace of mind as a customer.
Neeraj Prakash, the company’s Managing Director, spoke about this success. He said they are very happy with the growth. They plan to keep improving.
Their focus is on both growth and profit.
The company will also use more digital tools. They want to make services easier for customers. They also plan to reach more people. This means you might see more of Shriram General Insurance in the future.
