Shares of SBI Life Insurance Company Ltd climbed more than 2% in early trade on Monday after the private life insurer announced its Q2 FY25 results, showing robust growth in premium income even as net profit declined year-on-year.
For the quarter ended September 30, 2025, SBI Life reported a net profit of ₹494.6 crore, down 6.6% from ₹529 crore in the same period last year. The decline came despite strong growth in premium collections, reflecting higher operating expenses and a marginal rise in the expense ratio.
The company’s net premium income surged 22.6% year-on-year to ₹24,848.3 crore, driven by healthy performance in both first-year premiums (₹5,28,946 lakh) and renewal premiums (₹14,00,283 lakh).
Total assets rose sharply to ₹4,83,06,453 lakh, up from ₹4,42,15,438 lakh a year earlier, reflecting the insurer’s continued business expansion and growth in the policyholder base.
SBI Life’s expense ratio increased slightly to 11% from 10.57% in Q2 FY24, while investment income under the shareholders’ account improved to ₹32,233 lakh compared with ₹28,257 lakh in the previous year.
The solvency ratio stood at 1.94, marginally lower than 2.04 a year ago but still well above the regulatory requirement, indicating strong financial stability. Meanwhile, persistency metrics remained healthy, with the 13th-month persistency ratio improving to 85.37% from 84.16% in the corresponding quarter last year.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
