The company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of Rs 12,731 crore, registering a growth of 17 per cent over the previous year, SBI General Insurance said in a statement.
It has fully deployed the second fund in companies such as Lenskart, Gopal Snacks and SK Finance. It could launch its next fund in six months, with a targeted corpus of ₹1,000 crore - bigger than the earlier purses.
The company said it could sustain the strong growth momentum through the year, as visible from the 40 per cent jump in net profit and 17.6 per cent growth in gross premium over the 12 trailing months.