Mumbai | July 24, 2025 — SBI General Insurance has reported standout performance for Q1 FY26, achieving a 21.5% topline growth, significantly outpacing the industry average of 6.2% (Private & SAHI). The company recorded a Gross Written Premium (GWP) of ₹3,250 crore, with adjusted growth (excluding 1/n accounting norms) reaching 25.6%, reinforcing its position among India’s fastest-growing general insurers.
Solid Gains in Market Share and Profitability
SBI General registered a 78 bps improvement in private market share, now standing at 6.19%, driven by broad customer acceptance and expansion across key segments.
- Profit Before Tax (PBT): ₹249 crore
- Profit After Tax (PAT): ₹188 crore
- Loss Ratio: Improved from 86.2% to 81.7%
- Solvency Ratio: Strong at 2.08, well above regulatory benchmarks
Leadership Across Segments
SBI General continues to dominate the Personal Accident (PA) space, retaining its No. 1 rank among private insurers. Notable market share gains were seen in:
- Health Insurance: +72 bps
- Motor Insurance: +47 bps
- Personal Accident: +49 bps Other segments including Fire, Engineering, and Liability also contributed significantly to the growth momentum.
Growth Drivers & Strategic Focus
This sustained performance was underpinned by:
- Rising consumer awareness
- Demand for comprehensive coverage
- Accelerated digital adoption
- Supportive policy environment
Leadership Commentary
“Our Q1 performance reflects balanced growth, resilient profitability, and agility in execution. The industry is evolving rapidly, and we remain committed to customer-first innovation and operational excellence,” said Naveen Chandra Jha, MD & CEO, SBI General Insurance.
Jitendra Attra, CFO, added, “Growing 3.5x faster than the private industry with improved loss ratio highlights our disciplined underwriting and solid portfolio strength. We will continue delivering sustainable value to stakeholders.”
Outlook With continued emphasis on customer-centricity, digital innovation, and risk management, SBI General Insurance is well-positioned to deepen its market presence and drive long-term, responsible growth within India’s evolving insurance landscape.
