SBI General Insurance PAT Zooms at 112% YoY to Rs. 509 Crores

MUMBAI:
SBI General Insurance, one of India’s leading general insurance companies, today announced its financial results for FY25, marking a milestone as the company completes 15 years of operations. Continuing its robust growth trajectory, the company reported a Gross Written Premium (GWP) of INR 14,140 crores, recording a YoY growth of 11.1%. Excluding the impact of 1/n accounting norm, the GWP of the Company grew by 14.5% for FY25.

SBI General Insurance has grown at 70% faster than the industry growth of 6.2%. Profit After Tax (PAT) at INR 509 crores, registering a strong growth of 112% year-on-year.

Additionally, the Company gained 23 basis points improvement in private market share, reinforcing its strong foothold in the industry. SBI General Insurance continued to lead the Personal Accident (PA) segment, maintaining its position as the No. 1 private insurer. Health Insurance grew at 19.2% and motor insurance at 31.2% YOY, contributing significantly to the overall growth of the company. Other segments like Marine Cargo, Engineering, and other commercial lines, also contributed meaningfully to SBI General Insurance’s overall growth.

In terms of financial position, the company’s solvency ratio stood at 2.03, well above the regulatory requirement of 1.50, highlighting its strong financial stability.

Commenting on the company’s performance, Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “At SBI General Insurance, we have been consistently growing faster than the market. In FY25, our GWP grew by 11.1%, growing significantly faster than the industry. The company has registered 2.1 times increase in PAT, underscoring our financial health. As we celebrate 15 years of excellence, our FY25 results stand as a testament to our sustained focus on customer service, growth, and profitability. Looking ahead, we are committed to building on this momentum, setting new benchmarks in providing reliable and affordable insurance solutions and reinforcing our pledge to the financial security of millions across India.”

Jitendra Attra, CFO, SBI General Insurance, added, “Our FY25 results reflect our commitment to sustainable growth and long-term value creation for our stakeholders. The company has displayed a significant improvement in the loss ratio compared to the previous financial year. This demonstrates our efforts in enhancing productivity, cost management, and operational efficiency. We will continue to focus on improving customer value while maintaining a strong financial position to support future growth.”

SBI General Insurance completes 15 years of growth and success, the company remains steadfast in its mission to make insurance accessible and affordable for all. This milestone reflects its unwavering commitment to financial protection, inclusive growth, and industry leadership through innovation and a customer-first approach.