SBI LIFE INSURANCE CO LTD

SBI Life Insurance Company Limited reported a 14% increase in Individual Rated Premium for Q1 FY27, supported by a favorable product mix. The company achieved a new business premium of INR 89.1 billion, reflecting a 23% growth, and a profit after tax of INR 7.2 billion, up 22% year-on-year. The Value of New Business (VoNB) grew by 29% to INR 14.1 billion, with a VoNB margin of 26.2%. The company noted strong growth across all product segments and distribution channels, with a significant increase in protection solutions. The assets under management reached INR 5.2 trillion, growing 10% year-on-year. Management expressed confidence in the long-term growth potential of the life insurance sector in India, emphasizing a focus on profitable and sustainable growth. The company also highlighted improvements in persistency ratios and a strong solvency ratio of 1.96, above the regulatory requirement.

Management emphasized strong growth and positive performance across key metrics.