Reliance General Insurance Company Limited Delivered a Resilient Performance in FY 2024-25

News Desk, News Nation 360 : Reliance General Insurance Company Limited (the Company) performed well in fiscal year 2024-25, owing to its digital-first approach, customer-centric products, and diverse distribution strategy. It proceeded to extend its footprint in the retail, corporate, and government business categories while maintaining strong risk management processes. Commenting on the Company’s performance, Rakesh Jain, CEO of Reliance General Insurance, stated that despite a competitive and tough market environment, fiscal year 2024-25 was characterised by focused execution, strategic investments, and resilient growth. Their ongoing commitment to providing seamless client experiences, using cutting-edge technologies, and investing in personnel has helped them establish a strong, future-ready organisation. They stay consistent in their mission to protect the dreams of millions of Indians through innovative and dependable insurance products. An entity, which was just acquired by IndusInd International Holdings Limited (IIHL) after close to three years of being in IBC, has been able to post good performance for the year ended March 31, 2025, on the back of a ₹300 crore capital infusion by its new promoter. The infusion, coupled with the promoter's extensive pan-India network, is likely to enhance the company's reach. Key performance points are a Gross Direct Premium (GDP) of ₹12,548 crore, a 7.4% year-on-year growth (8.5% if accounting changes are adjusted for) and ahead of the growth in the general insurance industry. Profit After Tax (PAT) increased by 12.5% to ₹315 crore, and Investment Book was at ₹21,358 crore with a strong cash position. Net Worth increased 10.2% to ₹3,429 crore, while Solvency Ratio remained a healthy 1.59x, well above the regulator's requirements. Moreover, the ₹100 crore capital infusion in May 2025 by Reliance Capital Limited further consolidated its financial resilience. Operationally, the company widened its national footprint to more than 1,15,000 customer touchpoints, introduced innovative insurance products in the motor, health, and SME segments, recorded a best-in-class three-month claims settlement ratio of 99.57%, and invested in AI-driven underwriting and digital solutions to drive efficiency and customer experience.

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