SBI General Insurance, one of India’s leading general insurance companies, has continued its strong growth trajectory, reporting a robust performance for the first half of the FY 26.
The Company’s key performance metrics includes a gross written premium (GWP) of INR 7376 crore, registering a growth of 10.7% in H1 FY26 v/s the overall industry growth at 7.3%. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 13.9% for H1 FY26. The Ex-Crop business growth is 24.0% v/s Private insurance growth at 8.0%.
Additionally, the Company improved its private market share by 38 basis points from 6.45% in H1FY25 to 6.83% in H1 FY26. The growth in H1 FY26 was led by consistent performance across key business like Health business which grew by 41%, Personal Accident (PA) by 48%, and Motor business by 17%. This growth has been fuelled by SBI General Insurance’s expanding distribution footprint and strengthened digital ecosystem.
During this period, the Company recorded a PAT of INR 422 crore. The Loss ratio also improved significantly to 79.6% in H1FY26 from 86.1% in H1 FY25. In addition, it maintained a strong solvency ratio of 2.13 times, well above the regulatory requirement, thereby underscoring its sound financial position and prudent capital management.
SBI General Insurance remains committed to building a future-ready organization powered by technology, innovation, and customer trust, as it continues to expand its presence and drive inclusive insurance penetration across India.
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