Future Generali India Life Insurance (FGILI) reported robust premium growth in its financial results for the fiscal year ending March 31, 2025.
The insurer posted a 96% rise in new business premiums, totalling ₹1,192 crore (US$143 million), compared to ₹609 crore the year before.
The individual new business segment grew by 19% to ₹476 crore, while group new business premiums rose sharply by 240% to ₹716 crore.
This growth has contributed to an increase in the company’s gross written premiums, which reached ₹2,511 crore – up 39% year-over-year from ₹1,811 crore.
FGILI significantly reduced its annual net loss to ₹6.4 crore in FY25, down from ₹113.9 crore in FY24.
The company is now positioned close to breakeven, marking a milestone in its financial performance since inception.
Renewal premium collections also strengthened, rising 10% year-on-year to ₹1,318 crore, signalling consistent policyholder retention and premium persistence.
Total assets under management stood at ₹8,784 crore at the close of FY25, up from ₹7,958 crore the previous year, bolstered by sustained investment flows and improved fund performance.
The company’s claim settlement ratio for individual policies improved to 98.08% in FY25, compared to 96.08% the previous year.
Group insurance claims followed a similar trend, increasing to a 99.78% settlement ratio, up from 99.18%.
The total sum assured under all policies grew by 9% to ₹1.62 lakh crore, reflecting increased customer acquisition and coverage.
FGILI continued expanding its market reach through distribution partnerships, operational expansion, and new product rollouts.
Managing director and CEO Alok Rungta stated that the company remains focused on simplifying life insurance and increasing its accessibility.
“With a customer-first mindset and strategic investments in technology and talent, we continue to create value for customers and stakeholders. This remarkable performance is a testament to our dedication to delivering transparent, efficient, and customer-first financial solutions, reinforcing our position as a trusted partner in securing financial futures,” Rungta said.
Meanwhile, Generali – which owns a 73.99% stake in FGILI – reported a consolidated operating profit of €2.07 billion for the first quarter of 2025 (Q1 2025), an 8.9% year-on-year increase.
The Italian insurance group posted €26.5 billion in gross written premiums. Life net inflows were up 30.4% to €3 billion, led by gains in Italy and Germany.
The life business reported a €992 million operating result, while the P&C segment delivered an 18.7% rise to €1.03 billion.
The group’s combined ratio in P&C improved to 89.7%, driven by better underwriting results and cost efficiencies.
Adjusted net profit increased 7.6% to €1.2 billion, while total AUM dipped slightly to €858.3 billion.
Generali’s solvency ratio held steady at 210%, supported by capital strength across business lines.
