SBI General Insurance FY25 PAT surges 112% YoY, outpaces industry growth

SBI General Insurance has reported its results for the financial year 2025, with its profit after tax (PAT) soaring 112% year-on-year (YoY) to Rs 509 crore, marking a significant milestone as the company celebrates 15 years of operations.

The insurer recorded a Gross Written Premium (GWP) of Rs 14,140 crore, reflecting an 11.1% YoY growth. When adjusted for the impact of the 1/n accounting norm, GWP growth stood at a robust 14.5%.

The company’s topline growth outpaced the industry by a wide margin, growing 70% faster than the industry average of 6.2%.

In terms of General Direct Premium (GDP), SBI General posted 10.6% growth, 1.7 times the industry rate, reinforcing its momentum in a competitive market. The company also improved its private market share by 23 basis points, underscoring its expanding presence in the sector.

SBI General Insurance maintained its leadership position in the Personal Accident (PA) segment, continuing to be the top private insurer. Health insurance grew 19.2% YoY, while motor insurance surged 31.2%, both contributing strongly to the company’s overall growth.

Other business lines such as Marine Cargo, Engineering, and other commercial segments also played a meaningful role in driving performance.The company’s solvency ratio stood at 2.03, comfortably exceeding the regulatory requirement of 1.50, indicating a strong financial stability.Also read: Cyient DLM shares skyrocket 12% after reporting 36% YoY jump in Q4 PAT

Commenting on the company’s performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said, “At SBI General Insurance, we have been consistently growing faster than the market. In FY25, our GWP grew by 11.1%, growing significantly faster than the industry. The company has registered 2.1 times increase in PAT, underscoring our financial health. As we celebrate 15 years of excellence, our FY25 results stand as a testament to our sustained focus on customer service, growth, and profitability. Looking ahead, we are committed to building on this momentum, setting new benchmarks in providing reliable and affordable insurance solutions and reinforcing our pledge to the financial security of millions across India.”

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