SBI General Insurance Surges with 21.5% Growth in Q1 FY26

SBI General Insurance, a leader in India's insurance industry, has announced impressive financial results for the first quarter of FY26, showing a substantial 21.5% increase in topline growth, far outstripping the industry average of 6.2%. The company's Gross Written Premium (GWP) reached INR 3250 crores, marking significant momentum in its operations.

Enhanced financial performance was highlighted by a 78 basis points rise in private market share, now at 6.19%, alongside a marked improvement in the loss ratio to 81.7%. The firm's Profit Before Tax (PBT) was recorded at INR 249 crores, while the Profit After Tax (PAT) reached INR 188 crores, reinforcing its robust financial health with a solvency ratio of 2.08.

Notably, SBI General Insurance leads the Personal Accident segment in private insurance. Expanding market share in health, motor, and personal accident categories reflects strategic growth, supported by innovations, digital adoption, and favorable government policies. With a broad distribution network and diverse product offerings, SBI continues to serve a wide range of consumer needs, bolstering its reputation as a trustworthy insurance provider.

(With inputs from agencies.)