SBI Life Insurance Company Limited has informed the Exchange about Transcript
SBILIFE · price
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SBI Life Insurance filed the transcript of its Q4 FY25 earnings call held on April 24, 2025. The company reported new business premium of INR355.8 billion with a 20.8% private market share, and profit after tax grew 27% YoY to INR24.13 billion. Value of new business (VoNB) was INR59.5 billion at a 27.8% margin, embedded value rose 21% to INR702.5 billion, and assets under management grew 15% to INR4.48 trillion. For FY26, management guided for 13-14% individual APE growth, with the agency channel expected to grow around 25% and bancassurance around 10%, while VoNB margin is expected to be maintained at 27-28%. The company also plans to open 87 new branches in FY26 and shift product mix from 70-30 (ULIP-traditional) to 65-35 to support margin stability.
Strong FY25 results with double-digit growth across key metrics and clear FY26 guidance signal operational strength. The product mix shift toward traditional products should support margin stability, though continued investment in branches and employees may offset some margin upside.