Reliance General Insurance Reports 12.5% PAT Growth, Gross Direct Premium Reaches ₹12,548 Crore

Reliance General Insurance Company Limited performed well in FY 2024–25, thanks to its focus on digital strategies, customer-friendly products, and varied distribution methods. The company has been growing its presence in retail, corporate, and government business while maintaining strong risk management practices. After facing challenges under the Insolvency and Bankruptcy Code (IBC) for nearly three years, the company was acquired by IndusInd International Holdings Limited (IIHL), which injected ₹300 crores to improve its financial situation. The promoter's access to a wide distribution network across India will help enhance the company's reach.

For the year ending March 31, 2025, key performance indicators include:

- Gross Direct Premium (GDP): ₹12,548 crore with a year-on-year increase of 7. 4%, exceeding the general insurance industry growth of 5. 2%. Adjusted for new accounting rules, the GDP growth is at 8. 5%.

- Profit After Tax (PAT): ₹315 crore, showing a 12. 5% year-on-year increase.

- Investment Book: ₹21,358 crore, rising from ₹20,514 crore in FY24, reflecting a robust financial position with a good investment ratio.

- Net Worth: ₹3,429 crore, a 10. 2% increase compared to the previous year.

- Solvency Ratio: Steady at 1. 59x, above the required 1. 50x.

- A further capital infusion of ₹100 crore in May 2025 from the parent company, Reliance Capital Limited, supports the company's financial foundation.

Operational highlights include:

- Expanded National Reach: Over 115,000 customer touchpoints across India for better service access.

- Innovative Product Launches: New insurance solutions in motor, health, and SME segments to meet changing consumer needs.

- Claims Excellence: A claims settlement ratio of 99. 57%, demonstrating trust and reliability.

- Technology-Driven Growth: Investments in AI and digital solutions to boost efficiency and customer experience.

CEO Mr. Rakesh Jain noted, "FY 2024–25 was a year of strategic execution and growth in a challenging market. " He emphasized the company's commitment to innovative and trusted insurance solutions. The completion of the CIRP of Reliance Capital Limited marks a new chapter under IIHL, promising increased operational agility and innovation. Reliance General Insurance aims to grow in the general insurance market while enhancing value for policyholders and stakeholders. The company received several awards for its brand and workplace culture in 2025.

Comments

Post a Comment

Popular posts from this blog

Grand Inauguration of the 8th National Painting Exhibition 2025

Image
The art world is buzzing with excitement as the 8th National Painting Exhibition 2025 got inaugurated on 2nd May 2025 Lalit Kala Akademi, Chennai. Artist. G.Sridalaadevi (Secretary, Pondicherry Art Akademy) welcomed the gathering. Mrs.Premalatha Seshadri (Senior Artist-Chennai) cut the ribbon and inaugurated the exhibition. A wonderful catalogue was released by Mrs.Lakshmi Krishnamurthy (Senior Artist- Chennai) and the first copy was received by Artist.Sudha Ramen, IFS Officer (Member Secretary of State Planning Commission, Chennai) in the presence of M. Sovan Kumar,   Regional Director of the Lalit Kala Akademi and Kalaimamani. K.K.Segar, Eminent Artist (President, Pondicherry Art Akademy). The exhibition organised by Pondicherry Art Akademy is a showcase of beautiful, creative artwork; but mainly it’s a powerful celebration of women artists, highlighting their creative voices and contributions. With 96 talented women from across India, this exhibition sets a new benchmark in ...
Read more

CME on Kidney Health for All

Image
The key takeaways for people at the CME programme held Sunday November 26, 2023, with the theme ‘Kidney Health for All’ were exercise and diet, awareness, screening and timely check-ups to prevent chronic kidney disease (CKD).   Participating as the Chief Guest, Tamil Nadu Health Secretary, Mr. Gagandeep Singh Bedi, IAS, laid stress on the fact that kidney disease was increasing and there was a need for addressing the issue. He drew attention to the fact that the Tamil Nadu government scheme, ‘Makkalai Thedi Maruthuvam’, (Taking Healthcare to People), checked 1 crore people for sugar and BP and the number of new cases was alarming. These are the two major reasons for kidney disease, diabetes and hypertension and so he advised eating the right kind of food, doing regular exercise and creating awareness and screening. He praised the work of Good Samaritans like TANKER Foundation, Kidney Warriors, MOHAN Foundation and Nephroplus who were involved in raising awareness on kidney health....
Read more

A NEW HAEMODIALYSIS MACHINE FOR THE THIRUVERKADU RCMW TANKER DIALYSIS UNIT

Image
TANKER (Tamilnad Kidney Research) Foundation is a registered non-profit charitable Organization started in June 1993 with the aim of helping under-privileged patients with kidney disease by giving Subsidized Dialysis and one time financial help for medication, investigation and transplantation and spread awareness about kidney disease. TANKER cares for those, the underprivileged, who suffer with kidney problems of any kind, reversible or terminal, regardless of caste, creed, sex or religion. TANKER runs 14 dialysis units, 11 in Chennai and one each in Madurai, Vellore and Tiruppur. The Thiruverkadu dialysis unit is supported by the Rotary Club of Madras West, the CMCHIS and many valuable donors.   The New Machine has been donated by M/s. Kaleesuwari Refinery Pvt Ltd and inaugurated by Ms. Meenakshi Ashok of Kaleesuwari Foundation on 10th December 2024. Ms. Meenakshi said that she deeply appreciated the work TANKER is doing for the needy with kidney failure. Her family and Found...
Read more