SBI General Insurance Reports 4.7% Profit Growth in FY26
SBI General's FY26 profit rises 4.7% to ₹533 crore on premium growth
Business Standard
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SBI General Insurance announced a 4.7% increase in net profit to ₹533 crore for FY26, driven by a 14.5% rise in gross direct premium to ₹15,904 crore. The company outpaced industry growth, enhancing its market share in the health insurance sector to 7.17%.
- 01Net profit rose to ₹533 crore in FY26, a 4.7% increase from FY25.
- 02Gross direct premium grew by 14.5% to ₹15,904 crore.
- 03SBI General outperformed the industry growth rate by 1.6 times.
- 04Market share in private health insurance increased to 7.17%.
- 05Loss ratio improved to 78.3% from 82.4% in the previous fiscal year.
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SBI General Insurance reported a 4.7% year-on-year increase in net profit, reaching ₹533 crore for the financial year 2025-26 (FY26), up from ₹509 crore in FY25. The growth was fueled by a 14.5% rise in gross direct premium, totaling ₹15,904 crore. The company outperformed the industry growth rate by 1.6 times, reinforcing its competitive position. Notably, SBI General's market share in the private and standalone health insurance sector improved to 7.17%, up from 6.90% the previous year. Furthermore, the loss ratio showed significant improvement, decreasing to 78.3% in FY26 from 82.4% in FY25. Naveen Chandra Jha, MD & CEO of SBI General Insurance, emphasized the company's commitment to growth while enhancing accessibility to insurance solutions for customers across various segments and regions.
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The growth in profit and premium indicates a stronger financial position for SBI General, which may lead to more competitive insurance products and better service for customers. This could enhance accessibility to insurance solutions for individuals and businesses.
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