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SBI Life Insurance Company Ltd is down for a fifth straight session today. The stock is quoting at Rs 1442.05, down 0.54% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.1% on the day, quoting at 23183. The Sensex is at 76475.73, down 0.06%.SBI Life Insurance Company Ltd has added around 2.34% in last one month.Meanwhile, Nifty Financial Services index of which SBI Life Insurance Company Ltd is a constituent, has eased around 4.87% in last one month and is currently quoting at 22625.85, down 0.17% on the day. The volume in the stock stood at 8.37 lakh shares today, compared to the daily average of 15.76 lakh shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 1444, down 0.68% on the day. SBI Life Insurance Company Ltd jumped 4.43% in last one year as compared to a 8.57% rally in NIFTY and a 12.37% spurt in the Nifty Financial Services index.
The PE of the stock is 60.24 based on TTM earnings ending December 24.
However, the company reported a loss of Rs 6,281.65 crore from investments during the December quarter FY25, compared to an income of Rs 16,468.64 crore in the same period of FY24.
The company’s net worth grew by 15% YoY to Rs 16,590 crore in Q3 FY25 as compared to Rs 14,430 crore recorded in Q3 FY24.
SBI Life reported a robust solvency ratio of 2.04 as on 31 September 2024 as against the regulatory requirement of 1.50, indicating a strong financial position of the company.
Asset under management (AuM) jumped 19% YoY to Rs 4,41,680 crore as on 31 December 2024 with a debt-equity mix of 61:39. Over 95% of the debt investments are in AAA and sovereign instruments.
On a nine-month basis, the company's net profit jumped by 47.72% to Rs 1,599.79 crore despite a 2.22% decline in total income to Rs 92,949.25 crore in 9M FY25 over 9M FY24.
Value of new business (VoNB) increased by 6% YoY to Rs 4,290 crore for 9M FY25. VoNB margin reduced to 26.9% in 9M FY25 as against 28.1% recorded in 9M FY24.
New business premium (NBP) rose 1% YoY to Rs 26,260 crore in 9M FY25.
Gross written premium (GWP) grew 9% to 60,979. crore in 9M FY25, mainly due to 12% growth in new business regular premium (RP) and 15% growth in renewal premium (RP) in 9M FY25.
The company’s total cost ratio for 9M FY25 was at 10.2% as compared with 9.9% reported in 9M FY24. The commission ratio was 4.9% in 9M FY25 as against 4.8% in 9M FY24. Operating expense ratio for 9M FY25 was 5.3% as against 5.1% in 9M FY24.
Annualized premium equivalent (APE) stood at Rs 15,969 crore, registering growth of 11% YoY.
SBI Life recorded strong growth in 13th month and 61st month persistency (based on premium considering Regular Premium/ Limited Premium payment under individual category) in 9M FY 25 by 83 bps and 521 bps respectively due to our focus on improving the quality of business and customer retention.
SBI Life Insurance Company is carrying on the business of life insurance. The company's life insurance business comprises individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health, and microinsurance. Some of these policies have riders such as accident and disability benefit, level term, and critical illness.