SBI Life Insurance coverage reported a 48 per cent year-on-year enhance in revenue after tax to ₹1,600 crore for the 9 months ended December 2024. The corporate’s new enterprise premium confirmed modest progress of 1 per cent at ₹26,260 crore throughout the interval.
Gross written premium rose 9 per cent to ₹60,980 crore, supported by a 15 per cent progress in renewal premium at ₹34,730 crore. Particular person new enterprise premium grew 12 per cent to ₹19,860 crore.
The Worth of New Enterprise (VoNB) elevated 6 per cent to ₹4,290 crore, although VoNB margin declined to 26.9 per cent from 28.1 per cent within the earlier yr. Belongings beneath administration grew 19 per cent to ₹4,41,680 crore as of December 31, 2024, with a debt-equity mixture of 61:39.
The insurer maintained personal market management with an individual-rated premium of ₹14,550 crore, commanding 25.3 per cent market share. The corporate’s distribution community includes over 3.09 lakh skilled insurance coverage professionals throughout 1,086 places of work. The solvency ratio stood at 2.04, above the regulatory requirement of 1.50.
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