SBI Life Insurance reported a healthy performance for the quarter ended June 30, 2025 (Q1 FY26), with Profit After Tax (PAT) increasing 14% year-on-year to Rs 590 crore, compared to Rs 520 crore in Q1 FY25. The company retained its leadership in the private market for Individual Rated Premium (IRP) and Individual New Business Premium (Ind NBP), with market shares of 22.3% and 25% respectively.
The Annualized Premium Equivalent (APE) rose 9% YoY to Rs 3,970 crore, while the Individual New Business Sum Assured grew sharply by 73% to Rs 66,630 crore, indicating rising awareness for financial protection.
SBI Life’s Value of New Business (VoNB) increased 12% to Rs 1,090 crore, and the VoNB margin improved to 27.4% from 26.8% a year ago. The company’s Indian Embedded Value (IEV) stood at Rs 74,260 crore, marking a 20% YoY rise.
The Gross Written Premium (GWP) for Q1 FY26 came in at Rs 17,810 crore, up 14% from Rs 15,570 crore last year. This was supported by a 3% growth in new business premium and a strong 24% increase in renewal premiums.
The company’s solvency ratio remained robust at 1.96, above the regulatory threshold of 1.50, and its Assets under Management (AuM) grew 15% YoY to Rs 4.76 lakh crore, with 94% of debt investments rated AAA or sovereign.
Persistency ratios also improved significantly, with the 13th-month and 61st-month persistency improving by 58 basis points and 501 basis points, respectively—indicating better customer retention.
SBI Life continues to leverage its wide distribution network of 1,146 offices and 3.2 lakh+ insurance personnel, while digital adoption has reached 99.3% for individual applications, reflecting operational efficiency and scalability.
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