SBI General Insurance Achieves Record ₹15,000 Crore Premium Milestone, PAT Rises in FY26

SBI General Insurance, a prominent player in India's non-life insurance sector and a subsidiary of State Bank of India [SBIN], has announced a stellar performance for the financial year 2025-26 (FY26).

The company successfully crossed the significant milestone of ₹15,000 crore in Gross Direct Premium Income (GDPI) for the first time, marking a robust year-on-year growth of 14.5%. This impressive growth underscores SBI General Insurance's expanding market presence and operational efficiency.

Accompanying this top-line expansion, the company also reported a healthy increase in its Profit After Tax (PAT), which climbed 8.7% year-on-year to reach ₹553 crore in FY26.

The positive financial results were driven by strong performance across multiple key segments. The company witnessed substantial growth in its health, motor, personal accident, and fire insurance portfolios, reflecting a diversified and resilient business model. Furthermore, improved underwriting metrics played a crucial role in enhancing profitability, demonstrating effective risk management strategies.

SBI General Insurance's consistent growth contributes significantly to the overall financial services ecosystem spearheaded by its parent company, State Bank of India [SBIN]. This record performance solidifies its position as a leading general insurance provider in the country, poised for continued expansion in the dynamic Indian insurance market. The achievement of these milestones highlights the company's commitment to delivering value and expanding its reach across various insurance categories.

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