Latest News | Reliance General Insurance Posts 12.5 Rise in Net Profit to Rs 315 Cr in FY25

New Delhi, May 25 (PTI) Reliance General Insurance, an arm of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), reported 12.5 per cent growth in net profit to Rs 315 crore for the financial year ended in March 2025.

Gross Direct Premium (GDP) of the company rose to Rs 12,548 crore, an increase of 7.4 per cent over the last financial year, outpacing general insurance industry growth of 5.2 per cent.

Also Read | Bodoland Lottery Result Today, May 25, 2025: Assam State Lottery Sambad Sunday Lucky Draw Results Declared, Check Winners List With Ticket Numbers.

Net worth of the company also witnessed 10.2 per cent improvement to Rs 3,429 crore in FY25, Reliance General Insurance said in a statement.

IIHL, which acquired Reliance Capital through the insolvency process in March this year, infused Rs 100 crore in May 2025 in the general insurance company reinforcing its financial strength and growth momentum.

Also Read | Who Is Manohar Lal Dhakad? All About Mandsaur Politician Caught Having Sex on Delhi-Mumbai Expressway in Viral Video.

The company, which faced strong headwinds being under the Insolvency and Bankruptcy Code (IBC) for nearly three years, has been acquired by Hinduja-backed IIHL. To resurrect the position of the company, the new promoter infused capital amounting to Rs 300 crore during the insolvency process.

Solvency margin stood at 159 per cent as against regulatory requirement of 150 per cent at the end of March 2025, it said.

Commenting on the company’s performance, Reliance General Insurance CEO Rakesh Jain said the financial year 2024-25 marked a year of disciplined execution, strategic investments, and resilient growth, even in a dynamic and challenging market environment.

“We remain steadfast in our commitment to protecting the aspirations of millions of Indians through innovative and trusted insurance solutions,” he said.

The successful conclusion of the CIRP of Reliance Capital Limited in March 2025 has opened a transformative new chapter under the stewardship of IIHL, he said.

“With IIHL’s strong financial backing and proven expertise in financial services, we are confident in our ability to accelerate our growth journey and lead the next wave of innovation in India’s general insurance sector,” he added.

(This is an unedited and auto-generated story from Syndicated News feed, Pune Media Staff may not have modified or edited the content body)

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}