SBI Life Insurance Company Limited announced its audited financial results for FY26, reporting a net profit after tax of ₹2,470 crore compared to ₹2,413 crore in the previous year. The Board of Directors approved these results at their meeting held on April 22, 2026, following comprehensive audit by joint statutory auditors M/s. K S Aiyar & Co. and M/s. J Singh & Associates. Company Secretary Girish Manik communicated the performance details to stock exchanges pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Conference Call Highlights

The company conducted its Q4FY26 earnings conference call on April 22, 2026, with Managing Director and CEO Amit Jhingran leading the discussion alongside senior management. The transcript was subsequently filed with stock exchanges on April 28, 2026, in compliance with Regulation 30 requirements. Management highlighted the company's resilience in a dynamic operating environment, supported by a balanced approach to product and distribution mix.

Financial Performance Overview

The company demonstrated strong financial performance across key metrics during FY26. Net premium income reached ₹99,95,592 lakh, representing significant growth from ₹84,05,983 lakh in FY25. Total assets expanded to ₹4,92,05,337 lakh from ₹4,50,92,319 lakh in the previous year. Assets under Management stood at ₹4,871.60 billion in FY26 compared to ₹4,480.40 billion in FY25.

Premium Growth and Business Performance

The company achieved remarkable growth in gross written premium, reaching ₹1,012.90 billion in FY26 compared to ₹849.80 billion in FY25, marking a 19% year-on-year increase. New business premium grew 20% to ₹425.50 billion, while renewal premium increased 19% to ₹587.30 billion. Individual new business premium reached ₹297.80 billion, and Annualized Premium Equivalent stood at ₹242.70 billion. The company maintained its leadership position with 22.9% private market share in individual rated premium.

Value Creation and Market Position

The embedded value as at March 31, 2026 reached ₹807.90 billion, with the value of one year's new business during FY26 at ₹66.70 billion, as confirmed by Willis Towers Watson Actuarial Advisory LLP. The company maintained its strong market position with 22.90% private market share based on individual rated premium. IEV per share stood at ₹805.40, while VoNB per share was ₹66.50. The new business margin was 27.50%, maintained despite GST impact.

Distribution Channel Strategy and Growth

Management emphasized their multi-channel distribution strategy during the earnings call. The bancassurance channel with SBI and RRBs contributed 60% of total APE business, with individual APE at ₹141.20 billion reflecting 11% growth. The agency channel showed strong momentum with individual APE of ₹68.60 billion, growing 15% with improved agent productivity at ₹2.60 lakh. The company added over 120,000 agents and opened 120 new branches during the year.

Operational Excellence and Customer Metrics

The company maintained strong persistency ratios across all periods. The 13th month persistency on premium basis stood at 87.94% for FY26 compared to 87.41% in FY25. The 25th month persistency was 78.00%, 37th month at 72.30%, 49th month at 69.10%, and 61st month at 58.10%. The overall death claim settlement ratio reached 99.40%, demonstrating strong customer-centricity. Digital initiatives showed impressive results with 99.70% of individual applications submitted digitally.

The Board declared an interim dividend of ₹2.70 per equity share with face value of ₹10 each. All investor complaints received during FY26 were resolved, with no pending complaints at year-end. The company remains confident in long-term growth potential and its ability to navigate the evolving landscape with continued focus on profitable and sustainable growth.

SBI Life Insurance Company Limited has reported an improved premium growth rate during April, as announced by Chief Executive Officer Amit Jhingran. The enhanced performance reflects positive momentum in the company's premium collection activities.

Premium Growth Performance

The insurance major witnessed strengthening in its premium growth metrics during April. CEO Amit Jhingran confirmed the improved growth trajectory, highlighting the company's enhanced performance in premium collections during the month.

Leadership Commentary

Under Amit Jhingran's leadership as Chief Executive Officer, SBI Life Insurance has demonstrated positive developments in its premium growth rate. The CEO's confirmation of the improved performance indicates the company's strengthening position in the insurance sector.

Business Momentum

The enhanced premium growth rate during April suggests positive business momentum for SBI Life Insurance. This improvement in key performance metrics reflects the company's operational effectiveness in premium collection activities during the specified period.