Noida, Apr 22 (APAC Media): SBI Life Insurance Company Ltd reported a marginal decline in net profit for the March quarter even as the insurer posted strong growth in premium income, according to its financial results released on Wednesday.
The insurer’s net profit stood at Rs 804.6 crore in Q4 FY26, down 1.1 per cent from Rs 813.5 crore in the same quarter last year. Net premium income rose 16 per cent year-on-year to Rs 27,683.8 crore compared with Rs 23,860.7 crore a year earlier, driven by higher business volumes.
However, the company’s profit after tax surged to Rs 2,193.8 crore from Rs 427.3 crore in the December quarter, driven by a sharp increase in surplus from the policy holders account.
The surplus in the policyholders’ account rose to Rs 21,93,800 lakh in Q4 compared with Rs 42,729 lakh in Q3. Transfer to the shareholders’ account also increased significantly to Rs 23,63,620 lakh from Rs 26,922 lakh in the previous quarter.
NSE filings further revealed that SBI Life’s earnings per share (EPS) fell by 10 paise to Rs 8.03 in the fourth quarter, from Rs 8.12 in the corresponding period last year.
“The life insurance industry witnessed improved momentum during FY26, supported by regulatory measures and a gradual shift in customer preference towards protection-oriented products,” said Amit Jhingran, MD & CEO of SBI Life.
On the balance sheet front, the solvency ratio edged down slightly to 190 per cent from 191 per cent a year earlier but remained comfortably above the regulatory requirement, indicating stable financial health.
“SBI Life remains focused on maintaining a balanced approach to growth and profitability while strengthening its product portfolio, distribution capabilities and operational efficiencies,” he added.
SBI Life continues to focus on strengthening growth momentum across its insurance business segments further.
Disclaimer: The views and opinions expressed are those of experts and do not represent APAC Media. We are not liable for any financial decisions based on this content. This is for informational purposes only and not financial advice. Readers should consult a qualified financial advisor before investing.
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