Kolkata, April 25 -- SBI General Insurance announced its financial results for FY 23-24, recording 17 per cent growth in topline faster than market growth and a profit growth of 30 per cent in FY 23-24.
The Company continued to sustain its strong growth momentum, recording a profit before tax of INR 319 crores for FY 23-24, a growth of 30 per cent from FY23.
The Company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of INR 12,731 crores - a growth of 17 per cent over the previous year.
The Company's diverse product portfolio, distribution reach, brand and cost optimization has helped deliver these numbers. The retail business led by Motor and Health have shown strong growth. SBI General Insuran...