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Earnings Call

SBI Life Insurance Company Earnings Call: Key Takeaways

SBI Life reported strong FY26 performance with 20% growth in New Business Premium and 12% VNB growth. Focus remains on product diversification towards Non-PAR and protection segments while leveraging a multi-channel distribution strategy.

Why this was an Alfa AlertNot a filter event. Performance and margins remained within or aligned with previously stated guidance ranges.
Highlights
Revenue growthGWP up 19% to ₹1,012.9 billion for FY26.
MarginsVoNB margin 27.5%; guided for 26-28% range going forward.
Demand visibilityStrong consumer confidence reflected in 61% Individual Sum Assured growth.
Management confidenceHigh; confident in long-term sector potential and consistent 14% growth.

Growth

PAT grew 2% to ₹24.7B. GWP up 19% to ₹1,012.9B. VNB stands at ₹66.7B.

Outlook

Management aims to maintain ~14% APE growth and VNB margins between 26% to 28%.

Risks

GST impact and new Labour Code increased opex; equity market volatility affects ULIP demand.

Source

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

Read the document ↗

SBI Life Insurance Company Ltd: key numbers

Share price
₹1,742.00
Market cap
₹1,74,793 Cr
Revenue (annual)
₹1,12,315 Cr
Net profit (annual)
₹2,470 Cr
P/E (TTM)
67.2×Sector 22.0×
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.

Value
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