Reliance General Insurance Achieves 12.5% Increase in Net Profit to Rs 315 Crore for FY25

Reliance General Insurance, a subsidiary of Reliance Capital, has reported a 12.5% rise in net profit, reaching Rs 315 crore for the fiscal year ending March 2025. The company, recently acquired by IndusInd International Holdings Ltd (IIHL), also saw its Gross Direct Premium (GDP) increase to Rs 12,548 crore, marking a 7.4% growth compared to the previous year.

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The company's net worth improved by 10.2%, reaching Rs 3,429 crore in FY25. This growth surpassed the general insurance industry's average growth rate of 5.2%. IIHL's acquisition of Reliance Capital through an insolvency process in March 2025 played a significant role in this financial strengthening.

Financial Backing and Strategic Investments

In May 2025, IIHL infused Rs 100 crore into Reliance General Insurance, reinforcing its financial stability and growth trajectory. During the insolvency process, the new promoter contributed Rs 300 crore to help the company regain its footing after facing challenges under the Insolvency and Bankruptcy Code (IBC) for nearly three years.

The solvency margin of Reliance General Insurance stood at 159% by the end of March 2025, surpassing the regulatory requirement of 150%. This indicates a strong financial position and readiness for future growth.

Leadership and Future Prospects

Rakesh Jain, CEO of Reliance General Insurance, highlighted that FY25 was marked by disciplined execution and strategic investments. "We remain steadfast in our commitment to protecting the aspirations of millions of Indians through innovative and trusted insurance solutions," he stated.

Jain further noted that the successful conclusion of Reliance Capital Limited's Corporate Insolvency Resolution Process (CIRP) in March 2025 has opened a transformative new chapter under IIHL's leadership. He expressed confidence in accelerating growth and leading innovation in India's general insurance sector with IIHL's support.

The acquisition by Hinduja-backed IIHL marks a significant turning point for Reliance General Insurance. With strong financial backing and expertise from IIHL, the company is poised to enhance its market position and drive future innovations in the industry.

With inputs from PTI