SBI Life announced a 4% increase in profit after tax (PAT) to ₹10.9 billion for Q2 FY26. The Indian Embedded Value (IEV) grew by 15% to ₹760.0 billion. The Value of New Business (VoNB) increased by 14% to ₹27.5 billion. The company maintained its leadership in the private market for individual new business premium with a market share of 25.4%.
Financial Performance Highlights
Key financial highlights for Q2 FY26 include:
- Annualized Premium Equivalent (APE) stood at ₹99.2 billion, a 10% increase.
- Total New Business Sum Assured was reported at ₹7,117.4 billion, up by 99%.
- Value of New Business (VoNB) reached ₹27.5 billion, reflecting a growth of 14%.
- VoNB Margin stood at 27.8%.
- Indian Embedded Value (IEV) increased to ₹760.0 billion, a 15% rise.
- Assets under Management grew to ₹4.8 trillion, representing a 10% increase.
Market Position and Growth
SBI Life continues to hold a strong position in the market, particularly in the individual new business premium segment.
- The company leads the private market in Individual New Business Premium and Individual Rated Premium.
- Market share for Individual New Business Premium stands at 25.4%.
Key Performance Metrics
The following table summarizes key performance indicators for H1 FY26:
| Particulars | H1 FY26 (₹ in billion) | H1 FY25 (₹ in billion) | YoY |
|---|---|---|---|
| New Business Premium (NBP) | 183.5 | 157.3 | 17% |
| Renewal Premium (RP) | 245.5 | 202.6 | 21% |
| Gross Written Premium (GWP) | 429.0 | 359.9 | 19% |
| Profit after Tax (PAT) | 10.9 | 10.5 | 4% |
| Net Worth | 182.9 | 162.6 | 13% |
| Indian Embedded Value (IEV) | 760.0 | 660.7 | 15% |
| Value of New Business (VoNB) | 27.5 | 24.2 | 14% |
Strategic Focus and Outlook
SBI Life is focused on enhancing customer experience and expanding its reach through various channels. According to Amit Jhingran, MD & CEO, the company is committed to product innovation, customer trust, and disciplined execution to sustain growth and value creation.
Distribution Network
The company has a strong distribution network, consisting of 343,543 trained insurance professionals and 1,154 offices across the country.
Source: BSE