SBI General Insurance has reported a significant increase in net profit, rising to Rs 509 crore for the 2024-25 financial year, more than double the Rs 240 crore recorded in the previous year. The company, a non-life insurance subsidiary of State Bank of India (SBI), also posted strong growth in its gross written premium (GWP), which rose by 11%, reaching Rs 14,140 crore. Additionally, the company maintained a robust financial position with a solvency ratio of 2.03, well above the regulatory requirement of 1.50, underlining its strong financial stability.