SBI Life Insurance Q1 earnings: Net profit rises 14%, premium income at Rs 17,178.5 cr
SBI Life Insurance's Q1 earnings: Net profit rose 14% year-on-year to ₹594 crore, driven by robust renewal premiums, though it saw a sequential drop.
- Jul 24, 2025,
- Updated Jul 24, 2025 8:50 PM IST
SBI Life Insurance reported a 14% rise in net profit for the first quarter, with earnings reaching ₹594 crore compared to ₹520 crore in the same quarter last year. This increase was largely due to strong renewal premiums, which have been a significant factor in the company's performance.
Despite the annual profit growth, SBI Life experienced a 27% decline in profits from the previous quarter, where it had recorded ₹814 crore. Additionally, net premium income stood at Rs 17,178.50 crore in the June quarter from Rs 15,105.4 crore in Q1 of the previous fiscal.
The company's first-year premium was approximately ₹35,390 crore, lower than the ₹48,590 crore in the March quarter but higher than the ₹31,460 crore from the previous year. Renewal premiums stood at about ₹1.05 lakh crore for the quarter, emphasising the company's reliance on these renewals as a key growth element.
The insurer highlighted that the demand for its policies continues to be stable, as illustrated by the 14% year-on-year increase in net premium income. SBI Life anticipates that renewals will continue to be a significant growth driver in the upcoming quarters.
The financial performance underlines the company's strategic focus on renewals, which has proven effective in maintaining steady demand for its policies.
SBI Life Insurance's recent results spotlight its resilience in handling the challenges of a fluctuating market and emphasise its commitment to leveraging renewals for sustained growth.
With these developments, the company is optimistic about its capacity to maintain growth momentum, despite the impact of quarterly fluctuations.
Overall, SBI Life Insurance's quarterly results demonstrate its strategic adaptability and commitment to long-term growth, underpinned by strong renewal premiums.
SBI Life Insurance reported a 14% rise in net profit for the first quarter, with earnings reaching ₹594 crore compared to ₹520 crore in the same quarter last year. This increase was largely due to strong renewal premiums, which have been a significant factor in the company's performance.
Despite the annual profit growth, SBI Life experienced a 27% decline in profits from the previous quarter, where it had recorded ₹814 crore. Additionally, net premium income stood at Rs 17,178.50 crore in the June quarter from Rs 15,105.4 crore in Q1 of the previous fiscal.
The company's first-year premium was approximately ₹35,390 crore, lower than the ₹48,590 crore in the March quarter but higher than the ₹31,460 crore from the previous year. Renewal premiums stood at about ₹1.05 lakh crore for the quarter, emphasising the company's reliance on these renewals as a key growth element.
The insurer highlighted that the demand for its policies continues to be stable, as illustrated by the 14% year-on-year increase in net premium income. SBI Life anticipates that renewals will continue to be a significant growth driver in the upcoming quarters.
The financial performance underlines the company's strategic focus on renewals, which has proven effective in maintaining steady demand for its policies.
SBI Life Insurance's recent results spotlight its resilience in handling the challenges of a fluctuating market and emphasise its commitment to leveraging renewals for sustained growth.
With these developments, the company is optimistic about its capacity to maintain growth momentum, despite the impact of quarterly fluctuations.
Overall, SBI Life Insurance's quarterly results demonstrate its strategic adaptability and commitment to long-term growth, underpinned by strong renewal premiums.