Engineering business expanded 95.4% year on year during the quarter.
SBI General Insurance saw its gross direct premium income (GDPI) jump 10.9% year-on-year to $385.7m (INR35.06b) in the first quarter of the 2026 to 2027 financial year.
During the quarter, the company registered broad-based expansion across its commercial and retail divisions.
Engineering insurance premium revenue increased by 95.4%, health insurance grew by 49.9%, personal accident lines rose by 26.3%, and marine-cargo expanded by 16.8%.
Financially, the firm posted a comprehensive income of $63.0m (INR5.73b) and a profit after tax of $46.9m (INR4.26b) under the new Ind AS standards, marking a 17.4% increase in comprehensive income compared to the corresponding period last year.
($1.00 = INR94.29)