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SBI General Insurance, one of India’s leading general insurance companies, continues its strong growth path. The company has shown excellent performance in the first half of FY26.

Among the company’s key performance indicators, Gross Written Premium (GWP) stood at Rs 7376 crore, registering a growth of 10.7% in H1 FY26, while the overall industry growth was only 7.3%. If we remove the impact of 1/n accounting norm, the company’s GWP grew by 13.9% in H1 FY26. The growth of ex-crop business was 24.0%, while the growth of private insurance was only 8.0%.

SBI General Insurance grew 10.7% more than the industry in H1 FY26, driven by strong performance of health, motor and PA businesses.

Additionally, the company increased its private market share by 38 basis points to 6.83% in H1 FY26 from 6.45% in H1 FY25. H1 FY26 growth came from the continued good performance of core businesses such as health business (41% growth), personal accident (PA) (48% growth) and motor business (17% growth). This growth has come from SBI General Insurance’s growing distribution network and strong digital system.

During this period the company recorded PAT of Rs 422 crore. There was also a big improvement in loss ratio, which declined from 86.1% in H1 FY25 to 79.6% in H1 FY26. Additionally, the company maintained a strong solvency ratio of 2.13x, which is well above the regulatory requirement. This shows the company’s strong financial position and smart capital management.

Commenting on the performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance said, “In H1 FY26, we grew 1.4x faster than the industry and 3x faster than private and SAHI insurance companies (ex-crop), making the company one of the fastest growing general insurance companies in the country. Over the last few months, we strengthened our distribution network, deepened partnerships These initiatives have enabled us to scale efficiently and leverage the trust of our customers and the strength of the SBI ecosystem. Our focus will be on sustainable growth, operational efficiency and creating long-term value for all stakeholders.”

Mr. Jitendra Attra, CFO, SBI General Insurance added, “Our H1 FY26 performance reflects the strength of our growth strategy, with gross written premiums growing at a strong pace in key business segments at 10.7%. Growth across multiple lines of business reflects our diverse portfolio and responsiveness to changing market needs. Our loss ratio H1 Our multi-distribution model, customer-centric approach and investments in technology and analytics position us to deliver sustainable, high-quality growth and long-term value for stakeholders.”

SBI General Insurance is committed to building a future-ready organization powered by technology, innovation and customer trust, as it expands its presence across India and drives inclusive insurance penetration.

About SBI General Insurance SBI General Insurance, one of the fastest growing private general insurance firms, continues its legacy of trust and security with the strong support of SBI. We consider ourselves India’s most trusted general insurer in a dynamic landscape. We have expanded significantly since our establishment in 2009, from 17 branches in 2011 to now having 146 branches across the country. SBI General Insurance reported gross written premium of Rs 14,140 crore in FY 2024-25, with YOY growth of 11.1%.

The company has received many prestigious awards, which showcase its excellence in various fields. Key honors include Domestic General Insurer of the Year – India and Claims Initiative of the Year – India at the Insurance Asia Awards 2025 Singapore, Large General Insurance Category at the Mint BFSI Summit & Awards, Best Claims Settlement at the 3rd InsureNext Awards 2024, and Best Claims Settlement at the 7th Insurance Conclave Awards. India’s Best General Insurer of the Year. The company won the title of General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance at the India Insurance Summit and Awards 2024. Additionally, it was awarded as the Best BFSI Brand at the ET Now Best BFSI Brands Conclave 2024 and included among BW Businessworld’s India’s Most Respected Companies. Apart from being certified Great Place to Work in 2024, the company won the Best Claims Management in Insurance and Best CSR Campaign of the Year at the ETBFSI Exceller Awards 2024, highlighting its commitment towards social responsibility and innovation.

With a team of over 9,000+ employees and a multi-distribution model comprising bancassurance, agency, OEM, broking, retail direct channels and digital collaborations, we are committed to providing protection and trust to all consumers. With a vast network of 22,000+ SBI branches, agents, financial alliances, OEMs and digital partners, we reach the most remote areas of India. Our offerings cover retail, corporate, SME and rural segments, and our diverse product portfolio is accessible through both digital and physical channels.