SBI General Insurance Result: SBI General Insurance has released excellent performance figures during the first nine months of FY 2025. During this period, the net profit (PAT) of the company has reached Rs 504 crore with a growth of 273%. The strength of motor, health and engineering segments has been a major reason for this growth.
Tremendous increase in net profit
SBI General Insurance achieved a net profit of Rs 504 crore in the first nine months of FY 2025, which is 273% i.e. almost three times as compared to the same period of the last financial year. During this period, gross written premium (GWP) increased by 10.9%, while gross direct premium (GDP) increased by 10.5%. This growth is higher than the average growth rate of 7.8% of the Indian insurance industry. The company’s solvency ratio is at 2.12, which is much better than the minimum regulatory requirement of 1.50. This shows the company’s strong financial base and risk management ability.
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Contribution of motor, health and engineering segments
SBI General Insurance’s performance has been boosted by the strength of motor, health and engineering segments. The company achieved an annual growth of 39% in motor insurance, in which the expansion of digital distribution channel and effective underwriting strategy will play a key role. There was a growth of 12% in health insurance, which was possible due to health related awareness, increasing demand for health coverage and government policies.
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Risk Management and Operational Efficiency
The company strengthened its operations and reduced its loss ratio by approximately 4% during the nine months of FY 2024-25 compared to the first nine months of FY 2023-24. This is the result of better risk management, efficient claims processing and data-driven strategies.
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Good growth in motor, health and engineering segments
Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “Our commitment to customer-focused innovation, operational efficiency and stable growth will be a major driver of our strong financial growth in the first nine months of FY2025. Our significant growth in the motor, health and engineering segments is due to our alertness to market trends and our commitment to policyholders and stakeholders. It’s the result of dedication.”
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Better performance in profitability and solvency
Jitendra Attra, Chief Financial Officer (CFO) of the company, said, “Our superior financial performance during the first 9 months of FY 2025 is the result of strong underwriting, team collaboration and operational efficiency. Our profitability and solvency The substantial growth witnessed in India indicates the strong base of our business and our adaptability to the changing market environment.”
