Reliance General Insurance reports 12.5% increase in FY25 net profit at ₹315 crore

Reliance General Insurance Company Ltd (RGIL) reported a 12.5 per cent increase in FY25 net profit at ₹315 crore against ₹280 crore in FY24. This came on the back of expansion in the company’s footprint across retail, corporate and government business segments.

RGIL, in a statement, said Gross Direct Premium (GDP) increased 7.4 per cent year-on-year (y-o-y) to ₹12,548 crore (₹11,684 crore in FY24).

“With effect from October 1, 2024, Long-term Products are accounted on a 1/n basis, as mandated by IRDAI. Adjusted for the 1/n accounting impact, GDP growth stands at 8.5 per cent,” per the statement.

Investment book rose to ₹21,358 crore from ₹20,514 crore in FY24, with the Investment AUM to Net Worth ratio at 6.2x, indicating a strong cash position, it added. Further, net worth increased about 10 per cent y-o-y to ₹3,429 crore (₹3,111 crore).

Solvency Ratio was maintained at 1.59x, above the regulatory requirement of 1.50x. This is the ratio of Available Solvency Margin (excess of assets over liabilities and other liabilities of policyholders’ funds and shareholders’ funds) to Required Solvency Margin (minimum excess assets over liabilities). It indicates the ability of the Company to pay claims, meet future contingencies and business growth plans.

“The Company, which faced strong headwinds (being under IBC for nearly 3 years), has been acquired by IndusInd International Holdings Limited. (IIHL) In order to resurrect the position of the company, the new promoter has already infused Capital amounting to ₹300 crores,” RGIL said.

Published on May 25, 2025

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