SBI Life Insurance Company Limited has reported a strong performance for the first quarter of FY27, ended June 30, 2026. The company announced a 22% year-on-year growth in profit after tax, reaching ₹7.2 billion. Key drivers for this growth include a 14% increase in individual rated premium and robust performance across all product segments and distribution channels, demonstrating sustained profitable growth.
SBI Life Insurance Company Limited Reports Strong Q1 FY27 Results
SBI Life Insurance Company Limited announced its financial results for the first quarter of the Financial Year 2026-27, which concluded on June 30, 2026. The company has demonstrated a strong growth trajectory, with its profit after tax for the quarter standing at ₹7.2 billion, marking a significant 22% increase compared to the corresponding quarter of the previous year.
Key Financial Highlights
The company’s performance was bolstered by a 14% growth in Individual Rated Premium, reaching ₹39.7 billion. This sustained growth was achieved while maintaining a dominant private market share of 22.2%. Gross written premium saw a substantial 20% increase, totaling ₹212.9 billion. The Value of New Business (VoNB) grew by an impressive 29% to ₹14.1 billion, with a VoNB margin of 26.2%.
Business Performance and Outlook
All product segments experienced growth on an Individual Rated Premium basis, and key distribution channels achieved double-digit expansion. The company highlighted an increasing contribution from protection solutions and guaranteed non-par saving products, reflecting evolving customer preferences. SBI Life’s assets under management grew by 10% to ₹5.2 trillion. Looking ahead, the company expressed confidence in the long-term growth potential of the life insurance sector in India and its ability to navigate the evolving landscape with a focus on profitable and sustainable growth.
Operational Efficiency and Solvency
The company reported an operational expense (opex) ratio of 7.7% and a total cost ratio of 12% for the quarter. The solvency margin remains strong at 1.96, well above the regulatory requirement of 1.50. Persistency rates for individual regular premiums also showed improvement, with 13th and 49th month persistency at 87.7% and 69.1%, respectively. The company continues to leverage technology, with 99.9% of individual proposals submitted digitally.
Source: BSE
