September 19, 2017 6:48 PM ET

Insurance

Company Overview of SBI General Insurance Company Limited

Company Overview

SBI General Insurance Company Limited provides insurance products to individuals and businesses. Its individual insurance products include insurance products for motor private cars and two wheelers; long term home insurance products; travel insurance products; group personal and individual personal accident insurance products; and health, critical illness, and hospital daily cash insurance products. The company’s business insurance products comprise fire insurance products for standard fire and special perils, and consequential loss (fire); group health insurance products; motor insurance products for tractors and other farm vehicles, and commercial motors; marine cargo insurance products; p...

"Natraj", 101, 201 & 301

Junction of Western Express Highway

and Andheri Kurla - Road

Andheri (East)

Mumbai,  400 069

India

Founded in 2009

Phone:

91 98 1902 4779

Fax:

91 18 0022 7244

Key Executives for SBI General Insurance Company Limited

Managing Director and Chief Executive Officer
Head - Finance & Administration
Deputy Chief Executive Officer
National Head of Distribution
CRO and Senior Vice President of Internal Audit
Compensation as of Fiscal Year 2017.

SBI General Insurance Company Limited Key Developments

SBI General Insurance Reports Earnings Results for the First Quarter Ended June 30, 2017

SBI General Insurance reported earnings results for the first quarter ended June 30, 2017. The company posted net profit of INR 500.4 million against INR 4.3 million last year. ROE was 23.19% against 0.24% a year ago.

SBI Rules Out General Insurance IPO This Fiscal

State Bank of India (NSEI:SBIN) rules out SBI General Insurance Company Limited IPO this fiscal, may consider in 2018-19. SBI owns 70.1% in SBI General Insurance. SBI has said it may look at taking the general insurance business public next fiscal, ruling out any such move in 2017-18. "It has reported profit in 2016-17 and we will wait for a year or so before going for IPO," SBI Managing Director (associates and subsidiaries) Dinesh Kumar Khara said.

SBI General Insurance Announces Earnings Results for the Year Ended 2017

SBI General Insurance announced earnings results for the year ended 2017. For the year, the company reported PAT of INR 1,530 million against loss of INR 1,200 million a year ago. RoE was 13.92%. Gross written premium was INR 26,070 million against INR 20,410 million a year ago.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
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