SBI Life Insurance has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a profit after tax of ₹2,470.30 crore for the full financial year, demonstrating consistent growth. The Board of Directors had previously approved an interim dividend of ₹2.70 per equity share. The company maintains a strong solvency ratio of 1.90, reflecting a robust financial position and commitment to policyholder security.
Financial Performance Highlights
For the fiscal year ended March 31, 2026, SBI Life Insurance achieved a net profit of ₹2,470.30 crore, compared to ₹2,413.30 crore in the previous year. The gross premium income for the year stood at ₹1,12,965.88 crore. For the quarter ended March 31, 2026, the company reported a net profit of ₹804.64 crore, showcasing sustained operational performance throughout the year.
Capital Strength and Solvency
The company continues to maintain a healthy capital position, with a solvency ratio of 1.90 as of March 31, 2026. This ratio remains well above the regulatory requirement, underscoring the company’s ability to meet its long-term policyholder obligations. Furthermore, the company reported total assets of ₹4,92,053.37 crore, indicating a significant expansion in its balance sheet over the course of the financial year.
Strategic Dividends and Operational Updates
Reflecting its commitment to shareholder value, the Board declared an interim dividend of ₹2.70 per equity share for the financial year. Operationally, the company has successfully integrated various business segments. Management noted that the company has actively monitored the impact of new labour codes, ensuring timely compliance and financial provisioning. The company remains focused on enhancing its persistency ratios, with the 13th-month persistency on a premium basis reaching 87.94% for the financial year.
Audit and Governance
The financial results for the year have been audited by joint statutory auditors, M/s. K S Aiyar & Co. and M/s. J Singh & Associates, who have issued reports with an unmodified opinion. This reinforces the transparency and accuracy of the company’s financial reporting practices as it moves into the new fiscal year.
Source: BSE
