Reports on SBI General Insurance: Strong GDP Growth of 14.5% in FY26

News Desk. News Nation 360: With a Gross Direct Premium (GDP) of ₹15,904 crore, SBI General Insurance reported a historic performance for FY26, surpassing the ₹15,000 crore milestone since its founding. The company experienced a 14.5% year-over-year growth and increased its private and SAHI market share to 7.17%, growing at 1.6 times the industry pace. This momentum was driven by key areas, with Personal Accident (PA) expanding by 40% (maintaining its #1 private insurer status), followed by Health (27%), Motor (16%), and Fire (10%). Under MD & CEO Naveen Chandra Jha and CFO Jitendra Attra, the company's financial situation greatly improved, as the profit after tax (PAT) increased to 553 crore and the loss ratio decreased to 78.3%. With a strong solvency ratio of 1.90, the business intends to use digital innovation and advanced analytics to increase insurance penetration in Tier 2 and Tier 3 markets, further solidifying its position in the industry.

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