SBI General Insurance Achieves Robust Financial Growth in FY26
SBI General Insurance reported an 8.6% increase in net profit to Rs 553 crore for the financial year ending March 2026. The company's solvency ratio is at a healthy 1.90, with a 14.5% rise in gross direct premium and an improved loss ratio from the previous year.
- Country:
- India
SBI General Insurance saw a noteworthy 8.6% rise in net profit, reaching Rs 553 crore for the fiscal year ending in March 2026, as revealed on Friday.
This non-life insurance arm of the State Bank of India had registered a profit of Rs 509 crore the previous year.
The insurer noted a strong solvency ratio of 1.90, surpassing the regulatory threshold, underscoring its robust capital framework. Additionally, the company's gross direct premium burgeoned to Rs 15,904 crore, marking a 14.5% uptick. Moreover, SBI General Insurance improved its underwriting results as the loss ratio declined from 82.4% in FY25 to 78.3% in FY26.
(With inputs from agencies.)
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