SBI General Insurance has reported a profit after tax of INR504 crore ($5.8bn), reflecting a year-on-year (y-o-y) growth of 273%.
Its gross written premium rose by 10.9%. There was also gross direct premium growth of 10.5%.
SBI General Insurance’s financial results in 9M2025 were primarily driven by robust growth. The motor insurance portfolio achieved y-o-y growth of 39%, supported by enhanced underwriting strategies and the successful expansion of digital channels for seamless policy issuance and renewals. The health insurance segment grew by 12% due to rising healthcare awareness, increased demand for comprehensive coverage, digital adoption and government policies.
The company’s loss ratio improved by roughly 4% compared to 9M2024 through better risk management, efficient claims processing and data-driven strategies.
SBI General Insurance managing director and CEO Naveen Chandra Jha said, “Our strong financial performance in 9M2025 reflects our steadfast dedication to customer-focused innovation, operational excellence and sustainable growth. The notable growth across our motor, health and engineering segments demonstrates our agility in responding to market trends and our commitment to delivering value to policyholders and stakeholders.”
SBI General Insurance CFO Jitendra Attra also said, “Our consistent financial performance in 9M2025 underscores disciplined underwriting practices, a collaborative team effort and a strong focus on operational excellence. The significant increase in profitability and solvency highlights our robust business fundamentals and ability to foresee and adapt to a dynamic market environment.”