Mumbai: SBI General Insurance 9M FY26 performance highlights the insurer’s continued momentum, as the company delivered growth at 1.7 times the industry rate, reinforcing its position among India’s fastest-growing general insurance companies.
During SBI General Insurance 9M FY26, the company reported a Gross Direct Premium (GDP) of ₹10,769 crore, registering a growth of 14.5%, significantly higher than the industry growth of 8.7%.
The Ex-Crop segment recorded a growth of 25.5%, compared to the industry growth of 13.1%, underlining the company’s diversified and resilient business mix.
SBI General Insurance 9M FY26 Driven by Strong Growth Across Key Business Segments
The strong performance in SBI General Insurance 9M FY26 was driven by sustained growth across major lines of business.
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The Health portfolio grew by 29%, Personal Accident by 49%, Motor insurance by 19%, and Fire insurance by 13%. These segments collectively supported scalable growth and operational consistency.
The company also strengthened its competitive position, improving its market share among private and SAHI insurers by 39 basis points, from 6.25% in 9M FY25 to 6.64% in 9M FY26.
SBI General Insurance 9M FY26: Profitability and Financial Strength Improve
In SBI General Insurance 9M FY26, the company reported a Profit After Tax (PAT) of ₹522 crore. The loss ratio improved significantly to 78.5%, compared to 84.3% in 9M FY25, reflecting improved underwriting discipline and claims management.
The solvency ratio stood at 2.12 times, well above the regulatory requirement of 1.50, highlighting the company’s strong capital position and financial stability.
Commenting on the SBI General Insurance 9M FY26 performance, Naveen Chandra Jha, MD & CEO, SBI General Insurance, said the company’s growth reflects a strong foundation built for the future.
He noted that the insurer grew 1.7 times faster than the industry and 1.9 times faster than private and SAHI companies, supported by a GDP of ₹10,769 crore during the period.
He emphasised the company’s focus on resilience, technology-led operations, and customer-centric growth across India’s evolving risk landscape.
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Jitendra Attra, CFO, SBI General Insurance, stated that the financial performance in SBI General Insurance 9M FY26 demonstrates the effectiveness of the company’s risk management framework and operational discipline.
He highlighted the improvement in the loss ratio as a result of enhanced underwriting, better risk selection, improved claims management, and higher operational efficiency, while reiterating the focus on sustainable and profitable growth.
SBI General Insurance continues to strengthen its growth trajectory through investments in technology, product innovation, customer experience, and disciplined execution, supported by a balanced portfolio and scalable platforms aimed at long-term profitability and steady market expansion.
