SBI Life Reports ₹5.94 Billion Profit In Q1 As Premium Income Tops ₹171.79 Billion
SBI Life Insurance Company Ltd has posted a net profit of ₹5.94 billion for the quarter ended June 2025, supported by strong renewal premiums and disciplined cost management. Net premium income surged to ₹171.79 billion, reflecting sustained demand across protection and savings products.
Key Highlights From Q1 FY26 Performance
- Net premium income rose 9.4 percent year-on-year, driven by growth in individual and group renewal premiums
- Profit after tax stood at ₹5.94 billion, up 7.8 percent sequentially, supported by improved underwriting margins and investment income
- Annualized premium equivalent (APE) grew 6.2 percent, with non-par savings and protection products gaining traction
- Value of new business (VNB) margin expanded to 30.2 percent, reflecting a favorable product mix and cost efficiencies
- Assets under management crossed ₹4.65 lakh crore, up 14.7 percent year-on-year, with persistency ratios remaining stable across cohorts
Operational Metrics And Strategic Updates
- SBI Life added over 1.2 lakh new policies during the quarter, with digital channels contributing 18 percent of new business
- Bancassurance continued to dominate distribution, accounting for 61 percent of total APE
- The company launched new ULIP and annuity products tailored for retirement planning and long-term wealth creation
Outlook
SBI Life’s strong Q1 performance underscores its ability to balance growth and profitability in a competitive landscape. With a robust distribution network and expanding product suite, the insurer remains well-positioned to capture emerging opportunities in India’s underpenetrated life insurance market.
Sources: Economic Times, Business Standard, Moneycontrol, SBI Life Filings, Fortune India.
SBI Life Insurance Company Ltd has posted a net profit of ₹5.94 billion for the quarter ended June 2025, supported by strong renewal premiums and disciplined cost management. Net premium income surged to ₹171.79 billion, reflecting sustained demand across protection and savings products.
Key Highlights From Q1 FY26 Performance
- Net premium income rose 9.4 percent year-on-year, driven by growth in individual and group renewal premiums
- Profit after tax stood at ₹5.94 billion, up 7.8 percent sequentially, supported by improved underwriting margins and investment income
- Annualized premium equivalent (APE) grew 6.2 percent, with non-par savings and protection products gaining traction
- Value of new business (VNB) margin expanded to 30.2 percent, reflecting a favorable product mix and cost efficiencies
- Assets under management crossed ₹4.65 lakh crore, up 14.7 percent year-on-year, with persistency ratios remaining stable across cohorts
Operational Metrics And Strategic Updates
- SBI Life added over 1.2 lakh new policies during the quarter, with digital channels contributing 18 percent of new business
- Bancassurance continued to dominate distribution, accounting for 61 percent of total APE
- The company launched new ULIP and annuity products tailored for retirement planning and long-term wealth creation
Outlook
SBI Life’s strong Q1 performance underscores its ability to balance growth and profitability in a competitive landscape. With a robust distribution network and expanding product suite, the insurer remains well-positioned to capture emerging opportunities in India’s underpenetrated life insurance market.
Sources: Economic Times, Business Standard, Moneycontrol, SBI Life Filings, Fortune India.
