Reliance General Insurance Netto win increases 25 to 12.5% ​​on 315 rupees in the financial year; Eye growth under the new promoter IIHL

Reliance General Insurance, a subsidiary of Reliance Capital, which was recently acquired by Indusind International Holdings LTD (IIHL), recorded an increase in net profit to 315 billion rupees for the 2025 financial year, since the company is recaptured from almost three years as part of the insolvency proceedings.The company's gross direct premium (GDP) rose by 7.4% to 12,548 billion rupees compared to the previous year and, according to a statement by the company, exceeded the total growth of the general insurance industry. Netto Worth recorded an increase of 10.2% to 3,429 billion rupees in the financial year 25, PTI reported.IIHL, supported by the Hinduja Group, acquired Reliance Capital via the insolvency proceedings concluded in March 2025 and then infused RS 100 Crore in the general insurance of reliance insurance to further strengthen the financial position of the company and accelerate growth.During the bankruptcy process process, the new promoter in capital injected 300 billion rupees in order to stabilize the insurer's business.At the end of March 2025, the company's solvency margin was 159% and conveniently above the official requirements of 150%.Rakesh Jain, CEO of Reliance General Insurance, said about the performance: “The 2024-25 financial year was a year of disciplined execution, strategic investments and resistant growth, even in a dynamic and challenging market environment.”He added: “We remain steadfast in our commitment to protecting the endeavors of millions of Indians through innovative and trustworthy insurance solutions.”Jain said that the successful completion of the Corporate Insolvency Resolution Process (CIRP) from Reliance Capital opened a “transformative new chapter” for the company under IIHL's administration.“With IIHL's strong financial support and proven expertise in financial services, we are sure that we accelerate our growth trip and lead the next wave of innovation in the Indian general insurance sector,” he added.