SBI Life Insurance's Q2 net profit fell 6.6 percent year-on-year to Rs 494.6 crore. The life insurer's net premium income for the fiscal second quarter grew 22.6 percent year-on-year to about Rs 24,848.3 crore. SBI Life shares fell. The stock was trading at Rs 1,844.7, down 0.4 percent from the previous close.
SBI Life’s solvency ratio stood at 1.94, slightly lower than 2.04 a year earlier.
The insurer reported a 22.6 percent year-on-year growth in net premium income to Rs 24,848.3 crore for Q2, aided by stronger performance in both first-year and renewal premiums. First-year premium rose to Rs 5,28,946 lakh, while renewal premium increased to Rs 14,00,283 lakh.
Total assets increased to Rs 4,83,06,453 lakh as of September 30, 2025, compared with Rs 4,42,15,438 lakh in the year-ago period.
The company's expense ratio stood at 11 percent, compared with 10.57 percent in the same quarter last year.
Persistency remained steady. The 13th-month persistency on premium basis improved to 85.37 percent versus 84.16 percent last year.
SBI Life earned Rs 32,233 lakh in investment income under the shareholders’ account during the quarter, higher than Rs 28,257 lakh a year earlier.
The insurer continued to record strong growth in linked business. Linked individual life premium rose to Rs 10,15,639 lakh, compared to Rs 8,50,413 lakh last year.
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