SBI Life Insurance Company
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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.
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Q1 26/27 earnings summary24 Jul, 2026

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.

Update on SILIC transfer and financial reporting
Ind AS implementation timeline and forbearance
Non-Par Individual Life segment loss drivers
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Q2 26/2723 Oct, 2026
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