SBI General Insurance PAT Rises to ₹422 crore in H1 FY26

SBI General Insurance, one of India’s leading general insurance companies, has continued its strong growth trajectory, reporting a robust performance for the first half of the FY 26. 

The Company’s key performance metrics includes a gross written premium (GWP) of INR 7376 crore, registering a growth of 10.7% in H1 FY26 v/s the overall industry growth at 7.3%.  Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 13.9% for H1 FY26. The Ex-Crop business growth is 24.0% v/s Private insurance growth at 8.0%. 

Additionally, the Company improved its private market share by 38 basis points from 6.45% in H1FY25 to 6.83% in H1 FY26. The growth in H1 FY26 was led by consistent performance across key business like Health business which grew by 41%, Personal Accident (PA) by 48%, and Motor business by 17%. This growth has been fuelled by SBI General Insurance’s expanding distribution footprint and strengthened digital ecosystem.

During this period, the Company recorded a PAT of INR 422 crore. The Loss ratio also improved significantly to 79.6% in H1FY26 from 86.1% in H1 FY25. In addition, it maintained a strong solvency ratio of 2.13 times, well above the regulatory requirement, thereby underscoring its sound financial position and prudent capital management.

Commenting on the performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “In H1 FY26, we’ve grown by 1.4 times faster than the industry and 3 times faster than Private & SAHI Insurance companies (ex-crop), marking the Company as one of the fastest-growing general insurers in the country. Over the past few months, we have strengthened our distribution network, deepened partnerships, and enhanced digital capabilities. These initiatives have helped us scale efficiently while staying customer-focused. Leveraging the trust of our customers and the strength of the SBI ecosystem, we remain committed to making insurance simpler, more accessible, and affordable for every Indian. Our focus will continue to be on sustainable growth, operational efficiency, and creating lasting value for all stakeholders.”

Mr. Jitendra Attra, CFO, SBI General Insurance, added, “Our H1 FY26 performance reflects the strength of our growth strategy, with significant momentum across key business segments driving a 10.7% increase in Gross Written Premium. Growth across multiple line of business demonstrates our diverse portfolio and responsiveness to evolving market needs. Our Loss ratio has shown significant improvement in H1 FY26, standing at 79.6% from 86.1% in H1 FY25. Backed by our multi-distribution model, customer-centric approach, and investments in technology and analytics, we are well-positioned to deliver sustainable, high-quality growth and lasting value to our stakeholders.”

SBI General Insurance remains committed to building a future-ready organization powered by technology, innovation, and customer trust, as it continues to expand its presence and drive inclusive insurance penetration across India.