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.
