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SBI Life Insurance Company (SBILIFE) investor relations material
SBI Life Insurance Company Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong growth in Q1 FY27, with a 14% increase in individual rated premium, 23% growth in new business premium, and 22% rise in profit after tax, supported by a resilient business model and robust governance.
All product segments and key distribution channels achieved double-digit expansion, with a notable shift toward protection and guaranteed non-par saving products, and strong digital adoption with 99.9% of business sourced digitally.
Embedded value as of June 30, 2026, was ₹85,290 crore, with value of new business at ₹1,410 crore and a margin of 26.2%.
Assets under management reached ₹5.2 trillion, up 10% year-over-year, and total assets were ₹5.26 lakh crore.
Focused on customer centricity, technological innovation, and sustainable value accretion.
Financial highlights
Gross written premium for Q1 FY27 was ₹212.9 billion, up 20% year-over-year; new business premium was ₹89.1 billion, up 23%.
Profit after tax for Q1 FY27 reached ₹7.2 billion, a 22% increase year-over-year.
Value of New Business for Q1 FY27 stood at ₹14.1 billion, up 29% year-over-year, with a margin of 26.2%.
Renewal premium for Q1 FY27 was ₹123.8 billion, up 17% year-over-year, accounting for 58% of gross written premium.
Embedded Value reached ₹852.9 billion as of June 30, 2026, up 15% year-over-year.
Outlook and guidance
Growth projections for individual rated premium remain at 14%-15% for the year, with margin guidance maintained at 26%-28%.
Positioned to benefit from India's demographic tailwinds, rising insurance penetration, and increasing demand for annuity and protection products.
Continued focus on digital transformation, operational efficiency, and customer engagement to drive future growth.
The company received a one-year forbearance from IRDAI for Ind AS implementation, deferring adoption to FY28.
Continued focus on profitable and sustainable growth, leveraging both agency and bancassurance channels.
- Gross written premium up 19%, profit after tax up 2%, embedded value at ₹807.9 billion.SBILIFE
Q4 25/26 - AUM surpassed INR 5.1 trillion, with robust growth in premiums, profit, and embedded value.SBILIFE
Q3 25/26 - Premiums, profit, and embedded value rose double digits with strong digital and solvency metrics.SBILIFE
Q2 25/26 - Premiums, profit, and embedded value surged in Q1 FY26, supported by digital and market growth.SBILIFE
Q1 25/26 - Profit after tax up 38% YoY, strong solvency, digital growth, and embedded value at ₹66,070 crores.SBILIFE
Q2 24/25 - Premium and profit up double digits, digital and segment growth, strong solvency maintained.SBILIFE
Q1 24/25 - Profit, premium, and embedded value rose, with digital and traditional product growth leading.SBILIFE
Q4 24/25 - Profit and premium surged, with robust solvency and digital adoption driving growth.SBILIFE
Q3 24/25
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