SBI Life Insurance Company Limited has informed the Exchange about Transcript
SBILIFE · price
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SBI Life Insurance reported strong FY2025-26 results with gross written premium of INR1,012.9 billion (19% growth) and new business premium of INR425.5 billion (20% growth). Profit after tax stood at INR24.7 billion, though management clarified excluding GST impact (effective from September 2025), PAT would have been INR31.2 billion with 29% growth. Value of new business grew 12% to INR66.7 billion with VoNB margin of 27.5%, while embedded value reached INR807.9 billion (15% growth). The company maintained leadership in individual rated premium with 22.9% private market share and 16.5% total market share. Management guided for approximately 14% APE growth going forward while maintaining VoNB margin in the 26-28% range. The company plans to adopt Ind AS from April 2027 and will launch a deferred annuity product in Q1 FY27.
The results demonstrate resilience with strong premium growth and margin maintenance despite GST headwinds. Management's 14% growth guidance with stable 26-28% margin range signals confidence in the business model, while the planned Ind AS transition and new product launches indicate continued focus on long-term value creation for shareholders.