SBI General Insurance GDP Rises 14.5% YoY

SBI General Insurance posted FY26 Gross Direct Premium of INR 15,904 crore, a 14.5% YoY increase, surpassing INR 15,000 crore.
Growth outpaced the industry at 1.6 times, with private & SAHI market share rising 27 bps to 7.17% in FY26.
Loss ratio improved to 78.3% from 82.4%, and PAT increased to INR 553 crore versus INR 509 crore FY25.
CEO Naveen Chandra Jha highlighted focus on expanding reach, while CFO Jitendra Attra emphasized underwriting discipline and capital efficiency.