Shriram Gen Insurance Q4 net profit up 8%, at 130cr

Jaipur: Shriram General Insurance on Monday reported an 8% rise in profit to Rs 130 crore during the March quarter against Rs 121 crore in the same period last year, driven by strong growth in motor premium which grew by 27%.The gross direct premium income of the company improved to Rs 1,099 crore against Rs 876 crore in the same quarter a year ago, registering a growth of 25% against a 2% growth in the industry.For the financial year ended March 2025, the general insurance arm of Shriram group posted a 13% increase in net profit to Rs 515 crore from Rs 455 crore in the previous year.Shriram General Insurance Company MD and CEO Anil Aggarwal said, "Besides diversifying our portfolio, and expanding our digital capabilities, we are also focusing on onboarding fresh financial advisors.Their strength will increase to 2 lakh by 2030."Currently, the insurer has over 89,000 financial advisors. In 2024-25, the company added 22,000 advisors of points of sale. In 2023-24, it had onboarded14,700. tnn