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SBI Life continued to report improvement in the VNB performance in 1QFY26, aided by a shift in the product mix toward traditional products.
Investors will watch the management’s commentary on VNB margin, changes in product mix, and growth guidance
Net Interest Income (NII) is expected to increase by 16.7 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 20,342 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 26.2 percent Y-o-Y (up 18.5 percent Q-o-Q) to Rs. 17,373.8 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 27.3 percent Y-o-Y (up 96.9 percent Q-o-Q) to Rs. 16,363.6 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 3.7 percent Y-o-Y (down 44.8 percent Q-o-Q) to Rs. 7,867.2 crore, according to ICICI Direct.
Net Interest Income (NII) is expected to increase by 17.7 percent Y-o-Y (down 42.6 percent Q-o-Q) to Rs. 8,933 crore, according to Motilal Oswal.
Motilal Oswal expects a 60 bps increase YoY in VNB margin and a solvency ratio of 228.7 percent for the quarter, against 195 percent in the corresponding quarter of last the fiscal.
Net Interest Income (NII) is expected to increase by 18.2 percent Y-o-Y (up 8.1 percent Q-o-Q) to Rs. 13,194 crore, according to ICICI Direct.
Net Interest Income (NII) is expected to increase by 12 percent Y-o-Y (up 1.8 percent Q-o-Q) to Rs. 13,095.6 crore, according to Motilal Oswal.
JM Financial, which has a buy rating with price target at Rs 860, believes SBI Life is better placed to weather the COVID-19 disruption given significant brand equity, an expansive multi-channel, pan India distribution network, cost leadership and access to parent's huge client base.
HDFC Securities said growth for private individual APE was lower at just 6.1 percent YoY during Jan/Feb-20 and additionally, APE growth will get impacted by the lockdown in March 20.
ICICI Direct remains positive on SBI Life structurally being a play on growth led by distribution, brand reach and adequate product mix.
Citi has buy call on the stock and raised price target to Rs 1,000 from Rs 850 as annualised premium equivalent (APE) growth was at 41 percent YoY and VNB margin was healthy
ICICI Lombard General Insurance will be the first one to announce its results for the quarter ended June. It is scheduled to declare its numbers on July 17
While crop, motor losses impact general insurers’ books, protection products pull up life insurers’ profits
SBI Life Insurance saw strong growth in gross premium and assets under management (AUM) while margins and ROE improved in the third quarter. In an interview with CNBC-TV18, Arijit Basu, MD & CEO of SBI Life Insurance spoke about the results and his outlook for the company.