Published:
SBI General profit hits INR553 crores as share reaches 7.17%
Health segment grew 27% whilst the accident business expanded 40%.
SBI General Insurance saw its profit after tax climb 8.6% year-on-year (YoY) to $0.06b (INR5.53b) in fiscal year 2026 (FY 2026).
“In terms of financial position, the Company’s solvency ratio stood at 1.90 times, well above the regulatory requirement, highlighting its strong capital position,” a press release said.
Additionally, the SBI General gained 27 basis points improvement in private & SAHI market share from 6.90% in FY 2025 to 7.17% in FY 2026.
Growth during the year was supported by key segments, with Health 27%, Motor 16%, Personal Accident (PA) 40%, and Fire 10%.
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