SBI Life reports 5.1% decline in net income in Q4FY25

SBI Life

SBI Life Insurance Company Ltd. on April 24 reported a 5.1 percent decline in total premium income to Rs 23,860 crore in Q4FY25.

According to the company’s investor presentation, its first year premiums rose 7.3 percent to Rs 4,858.69 crore, while renewal premiums grew 12.9 percent to Rs 14,680 crore.

Single premiums moderated to Rs 4,462.55 crore from Rs 7,709.56 crore in Q4 FY24.

On a full year basis, total premium income increased 4.3 percent to Rs 84,059.83 crore, driven by a 10.9 percent rise in renewal premiums to Rs 49,407.79 crore, partially offset by a 22 percent decline in single premiums.

For FY25, shareholders’ profit before tax grew to Rs 1,105.83 crore from Rs 947.59 crore.

The solvency ratio stood at 1.96x as at March 31, 2025, matching regulatory requirements, while the expense management ratio was 8.40 percent in Q4, reflecting elevated investments in digital and distribution capabilities, according to the presentation.

Persistency at the 13 month improved to 86.64 percent versus 85.76 percent in the prior year quarter.

Its Value of New Business (VNB) stood at Rs 59,500 crore for FY25.