* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)
Established in 2009, SBI General Insurance Company Limited is headquartered in Mumbai, India, offering a diverse range of general insurance products since its inception. The insurance includes home, automobile, personal accident, energy, marine, travel, and casualty insurance. Its insurance products and services are also available in rural areas, including crop and cattle insurance. With its robust foundation of trust and security, the company has been performing well year after year. Not only does the company perform well in its business, but also in the unlisted share market. Being one of the fastest-growing private general insurance companies of SBI, SBI General Insurance Company Limited allows retail investors to buy its unlisted shares and earn high ROI.
If you want to invest in State Bank Of India General Insurance unlisted shares, this page will give you insights into SBI General Insurance unlisted share price, its financial performance, business model, and IPO. Continue reading till the end.
SBI General Insurance Company Limited is not a government company. It operates as a private entity, having been established in 2009 as a joint venture between the State Bank of India (SBI) and the Insurance Australia Group (IAG)
SBI General Insurance has recently entered into a bancassurance partnership with HSBC India. This collaboration aims to enhance the distribution of non-life insurance products, including health, property, motor, and travel insurance to HSBC’s customer base across India.
The new Managing Director and Chief Executive Officer of SBI General Insurance is Naveen Chandra Jha in June 2024, succeeding Kishore Kumar Poludasu.
SBI General Health Insurance Company Limited deals in insurance products and services. Settles claims are among the key operational highlights the company handles and for which it received 6,20,651 fresh claim intimation in FY23, down 23% from the previous year. In the Motor and Insurance segment, the claims surged 12% compared to the previous year. For the commercial line segment, the company’s Net Promoter Score stood at 92 as of March 2023. For the digital initiative and customer focus, the company integrated advanced technology to offer better services to its customers, which increased overall customer satisfaction.
Since its inception, the company has been performing well and has expanded its network of branches from 17 in 2011 to over 141 pan-India.
This shows a positive sign for investing in sbi general insurance share price.
Additionally, for its impactful products and services, the company has been awarded many rewards, including Insurer of the Year in the non-life category at the FICCI Insurance Industry Awards for 2020 and 2021. In 2022, the company earned “the Best General Insurance Company of the Year” at the Third Emerging Asia Insurance Awards for its commitment and excellence.
Here are the financial metrics of SBI General Insurance Limited that show high profitability growth for FY 2024 in comparison to FY 2023.
| Particulars (Amt in crores) | FY 23-24 | FY22- 23 |
| Total Income | 333.5 | 355 |
| Total Expenses | 147 | 110 |
| Profit After Tax | 300 | 184 |
| Diluted EPS | 10.82 | 8.46 |
SBI General Insurance has a diverse portfolio of home, health, personal accident, and commercial lines with the early adoption of digitalization. The market share expanded to reach 4.3%, with more than 22 crore customers in FY 2023. You can consider the SBI General Insurance Limited unlisted shares for investment as they cater to high growth possibilities for the year with high revenue metrics.
SBI has been the trusted name in the financial sector, so there are multiple benefits for investors by investing in the SBI General Insurance Limited unlisted shares. Let’s discuss a few points:
So you can invest in SBI General Insurance Limited shares for high returns with Stockify.
As of 31 March 2023, the company’s outstanding shares were recorded at 21,56,46,720, with a face value of 10. The lot size of the SBI General Insurance shares is 100. The unlisted share price of SBI General Insurance Company keeps fluctuating as per the market trends and the company’s performance. From July to the beginning of August 2023, the share price fluctuated around Rs. 1825; in mid-August, the price dropped to Rs. 1125 and remained the same till September. In October, the price surged to Rs. 1225. So, the company witnessed a positive growth in the unlisted share price.
If you’re wondering about SBI General Insurance unlisted share price, Stockify is the right platform to check updated prices. At Stockify, our expert brokers update the prices of unlisted shares on the grounds of the company’s performance and market trends. Currently, SBI General Insurance unlisted shares are trading at Rs. 1600 per equity share. Stay tuned to our platform and connect with expert brokers to learn more.
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