SBI General Insurance Celebrates Milestone Growth with 112% Surge in FY25 PAT

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SBI General Insurance has reported an impressive 112 percent year-on-year increase in its Profit After Tax (PAT) for the financial year 2025, reaching Rs 509 crore. This remarkable growth outpaces the industry average and underscores the company's robust performance and strategic initiatives.

The insurer also recorded a Gross Written Premium (GWP) of Rs 14,140 crore, reflecting an 11.1 percent year-on-year growth. Adjusted for the 1/n accounting norm, the GWP growth stood at an even stronger 14.5 percent, growing 1.7 times faster than the industry average of 6.2 percent. Key contributors to this success include the health insurance segment, which grew by 19.2 percent, and the motor insurance segment, which surged by 31.2 percent. Other segments such as marine cargo, engineering, and commercial lines also played a significant role in driving overall growth.

SBI General Insurance's financial stability is further highlighted by its solvency ratio of 2.03, comfortably exceeding the regulatory requirement of 1.50. The company continues to focus on customer service, innovation, and profitability, reinforcing its leadership position in the market.

Key Highlights:

FY25 PAT surged 112 percent year-on-year to Rs 509 crore.
Gross Written Premium (GWP) grew by 11.1 percent to Rs 14,140 crore.
Adjusted GWP growth stood at 14.5 percent, outpacing the industry average.
Health insurance segment grew by 19.2 percent; motor insurance surged by 31.2 percent.
Solvency ratio of 2.03 exceeds the regulatory requirement of 1.50.

Source: Moneycontrol, Economic Times, ET BFSI.