State Bank of India own-damage motor insurance combined ratio FY 2015-2019

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2019, the public insurer, State Bank of India had a combined ratio of just over 118 percent in the own-damage motor segment. This was an increase compared to the previous financial year's ratio of 110 percent. Overall, a higher combined ratio indicates that the company is paying out more money than it is earning as insurance premiums.

Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019

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Release date

October 2019

Region

India

Survey time period

FY 2015 to FY 2019

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

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