In addition, the solvency ratio stood at 2.12 times, well above the regulatory minimum of 1.50, underscoring the company’s solid financial foundation, a company release said.
The company reported a Gross Direct Premium (GDP) of Rs 10,769 crore, recording a growth of 14.5%, exceeding the industry growth rate of 8.7%. The Ex-Crop business growth stood at 25.5% versus industry growth of 13.1%.
The company’s strong performance in the first nine months (9M) of FY26 stemmed from sustained growth across key business lines. Health grew by 29%, personal accident (PA) by 49%, motor by 19%, and fire by 13%. Together, these segments reinforced the company’s focus on scalable growth, operational excellence, and customer-centric innovation, a company release stated. Additionally, the company improved its market share among private and SAHI companies by 39 basis points from 6.25% in 9M FY25 to 6.64% in 9M FY26.
The company reported a Profit After Tax (PAT) of Rs 522 crore. The loss ratio also improved significantly to 78.5% in 9M FY26 from 84.3% in 9M FY25. In addition, the solvency ratio stood at 2.12 times, well above the regulatory minimum of 1.50, underscoring the company’s solid financial foundation.
Commenting on the company’s performance, MD and CEO Naveen Chandra Jha said that SBI General Insurance’s performance in 9M FY26 reflects the strength of the foundation it is building for the future.
“In 9M FY26, we have grown 1.7 times faster than the industry and 1.9 times faster than private and SAHI companies. The company has recorded a GDP of Rs 10,769 crore in 9M FY26. This growth is not just about scale, but about building a resilient, technology-led, and customer-centric insurance institution. We are focused on creating sustainable value by strengthening our core portfolios, deepening trust with customers, and expanding access to protection across India’s evolving risk landscape,” Chandra said.Meanwhile, CFO Jitendra Attra said that the company’s financial performance in 9M FY26 highlights the effectiveness of its risk management framework, operating discipline, and long-term financial strategy. “Our focus remains on sustainable profitable growth, strengthening capital efficiency, and building a financially robust institution that delivers long-term value to all stakeholders in a dynamic market environment,” he said.
SBI General Insurance is a private general insurance firm backed by SBI. Since its establishment in 2009, it has expanded from 17 branches in 2011 to a nationwide presence with 146 branches. In FY 2024–25, SBI General Insurance reported a Gross Written Premium (GWP) of Rs 14,140 crore, recording a year-on-year growth of 11.1%.
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