SBI Life Insurance , one of India's leading private life insurers, has reported strong financial results for the first quarter, demonstrating resilience and growth across key metrics.

Financial Highlights

• Profit After Tax (PAT): Grew by 14% year-on-year to ₹5.90 billion
• Gross Written Premium (GWP): Increased by 14% to ₹178.10 billion
• Value of New Business (VoNB): Rose by 12% to ₹10.90 billion
• VoNB Margin: Improved to 27.4%, up from 26.8% in the previous comparable quarter
• Assets Under Management (AUM): Expanded by 15% to ₹4.80 trillion

Operational Performance

SBI Life maintained its strong market position in the private sector:

• Individual Rated Premium: Achieved a 22.3% market share
• Individual New Business Premium: Secured a 25% market share
• Annualized Premium Equivalent (APE): Reached ₹39.70 billion, growing 9% year-on-year
• Individual New Business Sum Assured: Surged by 73% to ₹666.30 billion

Persistency and Solvency

The company reported improvements in key operational metrics:

• 13th Month Persistency: Improved by 58 basis points
• 61st Month Persistency: Increased significantly by 501 basis points
• Solvency Ratio: Maintained a robust 1.96, well above the regulatory requirement of 1.50

Leadership Changes

The Board of Directors has approved the re-appointment of Mr. Amit Jhingran as Managing Director & CEO for the period from October 1, 2025, to January 31, 2027, subject to shareholder approval. This decision ensures continuity in leadership and strategic direction for the company.

Corporate Governance

In a move to strengthen its corporate governance practices, SBI Life has appointed M/s. Aashish K. Bhatt & Associates as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval.

Product and Channel Mix

SBI Life's diverse product portfolio and multi-channel distribution strategy continued to drive growth:

Outlook

With its strong financial performance, robust solvency position, and strategic leadership continuity, SBI Life is well-positioned to capitalize on the growing life insurance market in India. The company's focus on improving persistency and expanding its product offerings should continue to drive sustainable growth in the coming quarters.

SBI Life's quarterly results reflect its ability to navigate market challenges while delivering consistent growth and value to its stakeholders.

SBI Life Insurance Company , one of India's leading private life insurers, has reported robust financial results for the first quarter, demonstrating solid growth across key metrics and surpassing analyst estimates.

Profit and Premium Income

The company's net profit increased by 14% year-over-year, reaching ₹600.00 crore compared to ₹520.00 crore in the same period last year. This growth was supported by a rise in net premium income, which stood at ₹17,200.00 crore for the quarter, up from ₹15,100.00 crore in the previous year's corresponding quarter.

Premium Breakdown and Market Position

SBI Life's new business premium income saw a notable increase of 13% year-on-year, rising to ₹7,270.00 crore from ₹6,430.00 crore. The company maintained its strong market position, holding a 22.3% private market share in Individual Rated Premium.

Value of New Business (VNB) and Margin

The Value of New Business (VNB) grew to ₹1,090.00 crore, surpassing analyst estimates of ₹943.00 crore. The VNB margin improved to 27.4%, slightly higher than the estimated 27.19% and up from 26.8% in the previous year's quarter.

Total Annual Premium Equivalent (APE)

SBI Life reported a Total Annual Premium Equivalent (APE) of ₹3,970.00 crore, exceeding the forecast of ₹3,909.00 crore.

Asset Under Management and Solvency Ratio

SBI Life's Assets Under Management (AUM) showed strong growth, increasing by 15% year-on-year to reach ₹4,75,810.00 crore. The company maintained a robust solvency ratio of 1.96, well above the regulatory requirement of 1.50, indicating a strong financial position.

Persistency Ratios and Claim Settlement

The company reported improvements in persistency ratios:

• 13th-month persistency ratio increased by 58 basis points to 87.12%
• 61st-month persistency ratio improved by 501 basis points to 62.80%

SBI Life maintained a high claim settlement ratio of 98.4%, underscoring its commitment to customer service.

Product Mix and Distribution Channels

SBI Life's product mix for the quarter comprised:

The distribution channels' contribution to new business premium was as follows:

Management Commentary

Amit Jhingran, Managing Director & CEO of SBI Life, commented on the results: "The Company achieved a favorable shift in our product mix towards protection solutions and guaranteed non-par savings, reflecting evolving customer preferences and our strategic focus. There has been remarkable growth in New Business Sum Assured, mainly due to growing awareness of customers towards financial security and fulfilling dreams of their loved ones. The growth in renewal premium along with improvement in our 13th and 61st month persistency ratios reflects strengthening of our customer relationships and the overall quality of our business."

SBI Life Insurance's strong quarterly performance, exceeding analyst estimates across major performance indicators, demonstrates its resilience and ability to capitalize on the growing demand for life insurance products in India. The company's focus on customer-centric solutions, diverse product offerings, and robust distribution network positions it well for continued growth in the evolving insurance landscape.