365telugu.com online news,Mumbai, October 23, 2025: SBI General Insurance, a leading general insurance provider in India, has reported a strong performance for the first half of FY26, surpassing industry growth benchmarks.
The company achieved a Gross Written Premium (GWP) of ₹7,376 crore, reflecting a 10.7% growth in H1 FY26 compared to the industry’s 7.3% growth. Excluding the impact of the 1/n accounting norm, GWP growth reached 13.9%.
The ex-crop business segment grew by 24.0%, significantly outpacing the private insurance sector’s 8.0% growth. Key segments driving this performance include Health (41% growth), Personal Accident (48% growth), and Motor (17% growth), fueled by an expanded distribution network and enhanced digital capabilities.
SBI General Insurance increased its private market share by 38 basis points, from 6.45% in H1 FY25 to 6.83% in H1 FY26. The company reported a Profit After Tax (PAT) of ₹422 crore, with an improved loss ratio of 79.6% in H1 FY26, down from 86.1% in H1 FY25.
Its solvency ratio stood at a robust 2.13 times, well above regulatory requirements, highlighting its strong financial health and effective capital management.
Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, stated, “In H1 FY26, we have outpaced the industry by growing 1.4 times faster and 3 times faster than private and SAHI insurers in the ex-crop segment, establishing ourselves as one of India’s fastest-growing general insurers.
Our strengthened distribution network, deepened partnerships, and enhanced digital capabilities have driven efficient scaling while keeping customers at the core.
Leveraging the trust of our customers and the SBI ecosystem, we are committed to making insurance simpler, accessible, and affordable for all Indians, with a focus on sustainable growth and stakeholder value.”
Mr. Jitendra Attra, CFO, SBI General Insurance, added, “Our H1 FY26 results reflect the strength of our diversified portfolio, with a 10.7% GWP growth driven by strong performance across key business lines.
The significant improvement in our loss ratio to 79.6% underscores our operational efficiency. With our multi-distribution model, customer-centric approach, and investments in technology and analytics, we are well-positioned to deliver sustainable, high-quality growth.”
SBI General Insurance remains dedicated to building a future-ready organization through technology, innovation, and customer trust, aiming to expand its footprint and promote inclusive insurance penetration across India.