SBI Life Insurance Company Ltd
Please find Press Release and Investor Presentation being issued in connection with performance of the Company for the quarter ended June 30, 2026.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 24 Jul 2026, 02:55 PM IST · BSE ID: 4308f2ed-8e87-4f02-9b4e-46a146c2ebc5
View Original BSE Filing (PDF)
💡
In Simple Terms
SBI Life Insurance reported higher profits and strong growth in insurance sales and assets for the April-June 2026 quarter.
🤖 AI Summary
- Profit After Tax for Q1 FY27 increased 22% to ₹7.2 billion compared to Q1 FY26.
- Annualized Premium Equivalent (APE) grew 36% to ₹53.8 billion for the quarter ended June 30, 2026.
- Total New Business Sum Assured stood at ₹8,500.3 billion, marking a 211% growth.
- Assets under Management (AuM) rose 10% to ₹5,248.5 billion as of June 30, 2026.
- Indian Embedded Value (IEV) increased 15% to ₹852.9 billion for the period.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit after Tax (PAT)
₹7.2 billion
22%
Annualized Premium Equivalent (APE)
₹53.8 billion
36%
Total New Business Sum Assured
₹8,500.3 billion
211%
Assets under Management (AuM)
₹5,248.5 billion
10%
Indian Embedded Value (IEV)
₹852.9 billion
15%
Net Worth
₹201.1 billion
13%
Gross Written Premium (GWP)
₹212.9 billion
20%
Individual Rated Premium (IRP)
₹39.7 billion
14%
Value of New Business (VoNB)
₹14.1 billion
29%
Operating expense ratio
7.7%
13th month persistency
87.7%
49th month persistency
69.1%
🏢 How This Affects the Company
The company demonstrated growth in its core insurance business with a 36% increase in Annualized Premium Equivalent and a 211% rise in Total New Business Sum Assured. It maintained market leadership in Individual New Business Premium and Individual Rated Premium with 24.9% and 22.2% market shares respectively.
Profit After Tax increased by 22% to ₹7.2 billion, and Assets under Management grew by 10% to ₹5,248.5 billion. Net Worth increased by 13% to ₹201.1 billion, contributing to a robust Solvency ratio of 1.96.
Improvements in 13th month and 49th month persistency ratios by 61 bps and 68 bps respectively indicate enhanced customer retention and business quality. The company's diversified distribution network also saw growth in Individual NBP from Agency and Other channels.
The Solvency ratio of 1.96, above the regulatory requirement of 1.50, indicates a strong capital position. The increase in the operating expense ratio to 7.7% from 6.3% suggests higher operational costs relative to Gross Written Premium.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this financial results filing.
👤
Who Is Affected
Existing shareholders benefit from the 22% growth in Profit After Tax to ₹7.2 billion and a 13% increase in Net Worth to ₹201.1 billion.
🔍
Management Signal
Management's statement emphasizes sustained growth trajectory, strategic focus on protection and guaranteed non-par products, and commitment to sustainable value creation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — monitor continuation of APE and PAT growth.
New business premium trends — observe sustained growth in Individual NBP.
Solvency ratio updates — confirm maintenance of robust capital position.
LOW RISK
Robust solvency ratio of 1.96 indicates strong financial position above regulatory requirements.
💡 Investor Takeaway
SBI Life Insurance reported Q1 FY27 Profit After Tax of ₹7.2 billion, a 22% increase year-over-year. Annualized Premium Equivalent grew 36% to ₹53.8 billion, driven by new business. Assets under Management expanded 10% to ₹5,248.5 billion, and Indian Embedded Value rose 15% to ₹852.9 billion.
⚖️ Strengths & Concerns
✅ Positives
- Profit After Tax (PAT) increased by 22% to ₹7.2 billion in Q1 FY27, signaling strong quarterly profitability.
- Annualized Premium Equivalent (APE) grew 36% to ₹53.8 billion, reflecting robust new business generation and sales.
⚠️ Concerns
- Operating expense ratio increased to 7.7% in Q1 FY27 from 6.3% in Q1 FY26, indicating higher operational costs.
- 61st month persistency ratio decreased to 58.4% in Q1 FY27 from 63.6% in Q1 FY26, suggesting some long-term customer attrition.
📅 Company Track Record
SBI Life's Q1 FY27 PAT of ₹7.2 billion marks a 22% YoY increase, following a 2.4% PAT growth to ₹2,47,030 Lakhs for FY26. Gross Written Premium grew 19% in FY26 to ₹1,012.9 billion, and Q1 FY27 GWP increased 20% to ₹212.9 billion, indicating a consistent growth trajectory.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was SBI Life Insurance's Profit After Tax for Q1 FY27?
SBI Life Insurance reported a Profit After Tax (PAT) of ₹7.2 billion for the quarter ended June 30, 2026, which is a 22% increase compared to Q1 FY26.
How much did SBI Life's Annualized Premium Equivalent (APE) grow in Q1 FY27?
Annualized Premium Equivalent (APE) for SBI Life Insurance grew by 36% to ₹53.8 billion for the quarter ended June 30, 2026.
What is SBI Life Insurance's Assets under Management (AuM) as of June 30, 2026?
As of June 30, 2026, SBI Life Insurance's Assets under Management (AuM) stood at ₹5,248.5 billion, representing a 10% growth year-over-year.
What is the Solvency ratio reported by SBI Life Insurance for Q1 FY27?
SBI Life Insurance reported a robust Solvency ratio of 1.96 as on June 30, 2026, against the regulatory requirement of 1.50.
What was the growth in Total New Business Sum Assured for SBI Life in Q1 FY27?
Total New Business Sum Assured for SBI Life Insurance grew by 211% to ₹8,500.3 billion in Q1 FY27.
Questions based on this BSE filing only. For information purposes.