SBI General Insurance logs 28 pc jump in profit at Rs 240 cr in FY’24

New Delhi, April 25, 2024.

SBI General Insurance on Thursday reported a 27.6 per cent rise in net profit at Rs 240 crore for the financial year ended March 2024.

The non-life subsidiary of State Bank of India had recorded a net profit of Rs 188 crore in the previous financial year.

The company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of Rs 12,731 crore, registering a growth of 17 per cent over the previous year, SBI General Insurance said in a statement.