Mumbai: SBI General Insurance H1 FY26 results reveal the company’s strong performance, achieving a 10.7% year-on-year growth in gross written premium (GWP) to ₹7,376 crore – outpacing the general insurance industry’s growth rate of 7.3%.
During H1 FY26, the insurer recorded significant growth across major segments, including Health (up 41%), Personal Accident (up 48%), and Motor (up 17%).
The company’s private market share increased by 38 basis points to 6.83%, driven by its expanding distribution footprint and enhanced digital ecosystem.
Excluding the impact of the 1/n accounting adjustment, SBI General’s GWP rose 13.9% in H1 FY26, while its Ex-Crop business surged 24% – nearly three times the private insurance sector’s 8% growth.
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SBI General Insurance H1 FY26: Financial Strength and Improved Profitability
For SBI General Insurance H1 FY26, the insurer reported a profit after tax (PAT) of ₹422 crore, alongside an improved loss ratio of 79.6% compared to 86.1% in H1 FY25. The solvency ratio remained strong at 2.13 times, reinforcing the company’s solid financial health and prudent risk management.
Commenting on the results, Naveen Chandra Jha, MD & CEO of SBI General Insurance, said, “In H1 FY26, we have grown 1.4 times faster than the industry and three times faster than private and standalone health insurers (ex-crop).
Our focus on strengthening distribution, partnerships, and digital capabilities has enabled us to scale efficiently while keeping customers at the center of our strategy.”
Jitendra Attra, CFO, SBI General Insurance, added, “Our H1 FY26 performance demonstrates the success of our diversified business model and strategic investments in technology and analytics.
The improvement in our loss ratio and steady growth across all key segments underscore our commitment to sustainable and high-quality expansion.”
