| Management target | Revenue 14.5% FY27 |
|---|
| Revenue growth | Individual Rated Premium (IRP) growth guidance of 14-15% for the year. |
|---|---|
| Margins | VNB margin at 26.2%; expected to move towards upper 28% range. |
| Demand visibility | Strong demand for non-par savings and protection solutions observed. |
| Management confidence | Confident in long-term growth and sustainable profitable growth via product mix. |
Growth
New Business Premium up 23% to INR 89.1B; Individual APE grew 14%; PAT grew 22% to INR 7.2B.
Outlook
VNB margin guidance of 26-28%; targeted IRP growth of 14-15%; expected margin improvement as product mix normalizes.
Risks
GST impact of INR 2.3B; lumpy group business impacting short-term margins; elevated stamp duty and labor costs.
Last quarter's promises, checked
Delivered
- Guided 13% IRP growth → delivered 14% (= BEAT)
- Guided 26-28% VNB margin → delivered 26.2% (= BEAT)
- Guided 14% 3-yr CAGR → delivered 14% (= BEAT)
Partly delivered
- Launch deferred annuity in Q1 FY27 → Planned for Q2 FY27 (= PARTIAL)
Investor Presentation filed with BSE, NSE: SBILIFE. Summary written with AI assistance from 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.
More from SBI Life Insurance Company Ltd
All →SBI Life Insurance Company Legal & Regulatory
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
- ₹1.13 Cr
SBI Life Insurance Company Management Change
SBI Life appointed Mr. Nihar Niranjan Jambusaria as an Additional Independent Director for a three-year term effective September 22, 2026.
SBI Life Insurance Company Employee Stock Options
SBI Life Insurance allotted 55,501 equity shares to employees upon the exercise of vested stock options. This allotment increases the company's paid-up share capital.
SBI Life Insurance Company Other Announcement
SBI Life has reappointed M/s. K S Aiyar & Co. and M/s. J Singh & Associates as Joint Statutory Auditors for FY 2026-27.
SBI Life Insurance Company Q1 FY27 Results: Net Profit ₹724.9 Cr, Up 22.0% YoY
SBI Life Insurance Company Ltd reported revenue from operations of ₹20,078 Cr (+16.9% YoY) and net profit of ₹724.9 Cr (+22.0% YoY) for Q1 FY27.
- Key figure
- Net profit ₹724.9 Cr · +22.0% YoY
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.