SBI Life Insurance Co. has reported strong financial performance in Q2 FY25, showing significant growth in both first-year premiums and net premium income.
Key Financial Highlights:
- First Year Premium for Q2 FY25 reached ₹4,915.67 crore, marking a 6% YoY increase from ₹4,633.32 crore in Q2 FY24. On a quarter-on-quarter (QoQ) basis, first-year premium surged 56%, up from ₹3,146.42 crore in the previous quarter.
- Net Premium Income for Q2 FY25 rose to ₹20,266.10 crore, representing a 1% YoY increase from ₹20,049.66 crore in Q2 FY24. On a QoQ basis, net premium income increased by 5%, up from ₹19,283.50 crore in Q1 FY25.
These results underscore SBI Life’s strong position in the life insurance market, with consistent growth in first-year premiums and stable net premium income, reflecting the company’s expanding customer base and robust product offerings.
