SBI General Insurance’s GWP grows 10.7 pc in H1 FY26
NEW DELHI: General insurance company SBI General Insurance on Thursday announced a 10.7 per cent increase in its gross written premium to Rs 7,376 crore for H1 FY26, surpassing the industry growth rate of 7.3 per cent.
NEW DELHI: General insurance company SBI General Insurance on Thursday announced a 10.7 per cent increase in its gross written premium to Rs 7,376 crore for H1 FY26, surpassing the industry growth rate of 7.3 per cent.
The growth in H1 FY26 was driven by strong performance in key sectors: health business grew by 41 per cent, personal accident (PA) by 48 per cent, and the motor business by 17 per cent, the statement said.
GWP grew by 13.9 per cent for the period, excluding the impact of 1/n accounting norms, the insurer said. The "1/n accounting norm" is a rule for insurance companies in India that requires that the premiums from long-term policies be recognised evenly over the policy's term rather than all at once.
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