Mumbai, May 07, 2026:
SBI General Insurance has delivered a robust performance in FY26, strengthening its position as one of India’s leading general insurance companies. Continuing its strong growth momentum, the Company reported a Gross Direct Premium (GDP) of INR 15,904 crore, registering a year-on-year growth of 14.5 percent and surpassing the significant milestone of INR 15,000 crore since inception.
The Company outpaced the industry by growing 1.6 times faster than the overall market growth rate, further reinforcing its leadership position in the insurance sector. SBI General Insurance also recorded a 27 basis points increase in private and SAHI market share, rising from 6.90 percent in FY25 to 7.17 percent in FY26.
Key business segments contributed significantly to the Company’s growth during the financial year. The Health segment grew by 27 percent, Motor by 16 percent, Personal Accident (PA) by an impressive 40 percent, and Fire insurance by 10 percent. The Company continued to maintain its No.1 position among private and SAHI insurers in the Personal Accident segment.
SBI General Insurance also demonstrated improved underwriting performance during FY26. The loss ratio improved to 78.3 percent from 82.4 percent in FY25, reflecting stronger risk management and operational efficiency. Profit After Tax (PAT) increased to INR 553 crore compared to INR 509 crore in the previous financial year. The Company’s solvency ratio stood at 1.90 times, significantly above the regulatory requirement, highlighting its strong financial foundation.
Commenting on the Company’s performance, Naveen Chandra Jha said the FY26 results reflect the Company’s consistent focus on growing faster than the market while maintaining profitability responsibly. He stated that SBI General Insurance remains committed to improving insurance accessibility and making protection more inclusive and convenient for customers across geographies and segments.
Chief Financial Officer Jitendra Attra said the Company’s strong financial performance was driven by disciplined underwriting practices and operational efficiency. He added that SBI General Insurance would continue focusing on capital efficiency, prudent risk management, and sustainable financial growth.
The Company is also strengthening its long-term growth strategy through investments in technology, advanced analytics, product innovation, and customer-centric solutions. With an expanding distribution network and deeper penetration into Tier-2 and Tier-3 markets, SBI General Insurance is well-positioned to sustain profitable growth and further consolidate its standing in India’s general insurance sector.
