Mumbai, January 30, 2026: SBI General Insurance has reported a robust performance for the nine months ended FY26, reinforcing its position among India’s fastest-growing general insurance companies. The insurer recorded a Gross Direct Premium of INR 10,769 crore during the period, registering a growth of 14.5 percent, significantly outpacing the industry growth rate of 8.7 percent.
Excluding crop insurance, SBI General Insurance delivered an even stronger growth of 25.5 percent, compared to the industry average of 13.1 percent. The company’s performance was driven by sustained momentum across key business segments, with health insurance growing by 29 percent, personal accident by 49 percent, motor insurance by 19 percent, and fire insurance by 13 percent. These segments together strengthened the insurer’s focus on scalable growth, operational excellence, and customer-centric innovation.
During the nine-month period, the company also improved its market share among private and standalone health insurers by 39 basis points, rising from 6.25 percent in 9M FY25 to 6.64 percent in 9M FY26. Profitability remained strong, with the insurer reporting a Profit After Tax of INR 522 crore. The loss ratio improved significantly to 78.5 percent from 84.3 percent a year earlier, reflecting enhanced underwriting discipline, improved risk selection, and better claims management. The solvency ratio stood at 2.12 times, well above the regulatory requirement of 1.50.
Commenting on the performance, Naveen Chandra Jha, Managing Director and CEO, said the company grew 1.7 times faster than the industry and nearly twice as fast as private and standalone health insurers. He added that the focus remains on building a resilient, technology-led, and customer-centric insurance institution while expanding access to protection across India’s evolving risk landscape.
Jitendra Attra, Chief Financial Officer, highlighted the improvement in the loss ratio as evidence of strong risk management, operating discipline, and long-term financial strategy. He noted that the company remains focused on sustainable profitable growth and capital efficiency.
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Backed by State Bank of India, SBI General Insurance continues to strengthen its growth momentum through investments in technology, product innovation, and customer experience, supported by a diversified portfolio and a nationwide multi-distribution network.
