SBI General Insurance reports a 591% increase in PAT for H1 FY25, with a 16.1% rise in gross written premium.
SBI General Insurance reported a remarkable 591% increase in profit after tax for the first half of FY25, reaching INR 414 crore, compared to INR 60 crore last year. Its gross written premium rose by 16.1%, outpacing the industry’s 7% growth. The company maintains a strong solvency ratio of 2.26 times, well above the required 1.50 times. Growth was driven by strong performances in motor, health, engineering, and marine cargo sectors.
October 22, 2024
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