New Delhi; April 24th, 2026: SBI General Insurance, one of India’s leading general insurance companies, delivered a strong performance in FY26, growing significantly ahead of the industry and reinforcingits market position. Continuing its growth trajectory, the Company reported a Gross Direct Premium (GDP) of INR 15,904 crores, registering a YOY growth of 14.5% and crossing the significant milestone of INR 15,000 crores since inception.
SBI General Insurance continues to focus on maintaining a balance between growth and profitability in a dynamic operating environment. The Company grew at 1.6 times the industry growth rate, further strengtheningits market position. Additionally, the Company gained 27 basis points improvement in private & SAHI market share from 6.90% in FY 25 to 7.17% in FY26, reflecting sustained growth momentum and strong execution capabilities. Growth during the year was supportedby key segments, with Health 27%, Motor 16%, Personal Accident (PA) 40%, and Fire 10%. The diversified business mix continues to support resilience and consistent performance. SBI General Insurance continued to lead the Personal Accident (PA) segment, maintainin gits position as the No. 1 in private and SAHI insurer.
This year, the Company demonstrated improved underwriting performance, with the loss ratio improving to 78.3% in FY26 from 82.4% in FY25. Profit After Tax (PAT) stood at INR 553 crores, compared to INR 509 croresin FY25. In terms of financial position, the Company’s solvency ratio stood at 1.90 times, well above the regulatory requirement, highlighting its strong capital position.
Commenting on the Company's performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our FY26 performance reflects our continued focus on growing faster than the market consistently while strengtheningour core business & growing profit responsibly. At SBI General Insurance, we are focused on improving accessibility to insurance solutions and making protection more inclusive and easier to access for customers across segments and geographies. As we move forward,we remain committed to expanding reach, deepening insurance penetration, and building a future-ready organization.”
Mr. Jitendra Attra, CFO, SBI General Insurance, added, “Our financial performance reflects strong underwriting discipline and continued focus on operational efficiency. The improvement in loss ratio demonstrates the effectiveness of our risk selection and claims management practices. We will continue to focus on capital efficiency, prudent risk management, and delivering consistent financial performance in a dynamic operating environment.”
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