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Earnings Call

SBI Life Insurance Company Earnings Call: Key Takeaways

SBI Life reports strong FY26 performance with GWP crossing ₹1 trillion and PAT at ₹24.7 billion. Strategy focuses on multi-channel distribution and digital-first customer centricity.

Highlights
Revenue growthGWP up 19% YoY; NBP up 20% YoY.
MarginsVoNB margin at 27.5% vs 27.8% in FY25.
Order bookTotal Sum Assured at ₹13,796 billion, up 42% YoY.
Demand visibilityStrong demographic tailwinds; India's life insurance expected 9% CAGR.
Management confidenceHigh, citing steady growth and long-term consistent returns.

Growth

GWP grew 19% to ₹1,012.9bn; VoNB up 12% to ₹66.7bn; Embedded Value rose 15% to ₹807.9bn.

Outlook

Strong focus on 28 states/7 UTs; digital adoption at 99.7% for new business; targeting underpenetrated protection and annuity markets.

Risks

Sensitivity analysis indicates high vulnerability to tax rate changes (-9.5% VoNB) and mass lapse scenarios (-19.6% VoNB).

Source

Earnings Call filed with BSE, NSE: SBILIFE. Summary written with AI assistance from the document.

Read the document ↗

SBI Life Insurance Company Ltd: key numbers

Share price
₹1,728.10
Market cap
₹1,73,398 Cr
Revenue (annual)
₹1,12,315 Cr
Net profit (annual)
₹2,470 Cr
P/E (TTM)
66.7×Sector 21.7×
Promoter holding
55.32%-0.01% QoQ
FII holding
20.95%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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SBI Life Insurance received a tax demand order of ₹1.13 Crore from the Rajasthan GST authority. The company intends to appeal against this order.

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