SBI General net profit grows by 64 per cent to Rs 2.17 bn for H1 FY19

SBI General Insurance posted a net profit growth of 64 per cent for the first half of the financial year 2019 at Rs 2.17 billion as against a net profit of Rs 1.32 billion in the corresponding period of the previous financial year. For the second quarter of FY2019, SBI General's net profit stood at Rs 1.04 billion. 

The company said that it made an underwriting profit of Rs 370 million in H1 FY2019 as against an underwriting loss of Rs 600 million during the same period of last financial year.

Rikhil Shah, Chief Financial Officer of SBI General Insurance