SBI Life Insurance on Thursday reported a marginal growth of 0.33 percent year -on -year in its net gain to ₹ 813.51 million rupees for the fourth fiscal quarter, since it is only a premium income 5 percent of duration YY in the period.
The net profit of the private sector life insurance company for the fourth quarter of the financial year 2023-24 was ₹ 810.80 million rupees.
Duration The fourth fiscal trimester, the insurer’s net premium income decreased to ₹ 23,860.71 million rupees compared to ₹ 25,116.47 million rupees in Q4Fy24, according to a presentation of the Stock Exchange. The first year premium increased 7.29 percent year -on -year to ₹ 4858.69 million rupees, Wasea Renewal Premium increased 12.89 percent year -on -year to ₹ 14,680.31 million rupees for the period under review. However, the single premium decreased by 42.12 percent year -on -year to ₹ 4462.55 million rupees for the period.
In Q4Fy25, company management expenses (EOM) increased to 8.40 percent of 6.64 percent in Q4Fy24. The solvency ratio remained the same in 1.96.
Annualized premium equivalent
Annualized premium equivalent (APE) for the last financial year grew around 9 percent year -on -year to ₹ 21,420 million rupees, while the value of the new businesses (VNB) the period increased around 7 percent year -on -year to ₹ 5950 million rupees. The VNB margin for fiscal year 2000 fell to 27.8 percent of 28.1 percent for fiscal year 2014.
The company registered a growth of 27 percent year -on -year in its net gain to ₹ 2410 million rupees for the last fiscal year from ₹ 1890 million rupees for the previous fiscal year.
When commenting on the results, Amit Jhingran, MD & CEO, SBI Life Insurance, said: “The fiscal year 2015 was an exceptional year in each exceptional agility in adapting to the client’s needs, boldly innovated to remodel experiences and climb efficiently to take advantage of life insurance in all Indians.”
With a 12 percent growth in the individual qualified premium, the company exceeded industry growth or 10.5 percent, Jhingran added.
Posted on April 24, 2025
