SBI Life Q4 Profit Slips 1% to ₹805 Crore; Premium Income Rises

By Kotak News Desk
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23 Apr 2026 at 8:46 AM IST
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Market News
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Summary

SBI Life Insurance reported a 1.09% YoY dip in Q4 FY26 net profit to ₹804.64 crore, while net premium income rose 16% to ₹27,684 crore. FY26 net profit came in at ₹2,470.3 crore.

SBI Life Insurance Company Ltd reported a 1.09% year-on-year decline in standalone net profit for Q4 FY26. Profit after tax (PAT) stood at ₹804.64 crore, down from ₹813.51 crore in Q4 FY25. Net premium income rose 16.02% to ₹27,683.79 crore in the March quarter, up from ₹23,860.71 crore a year earlier.

For FY26, standalone net profit increased 2.36% to ₹2,470.3 crore. Net premium income grew 18.91% to ₹99,955.92 crore.

On 22 April 2026, SBI Life Insurance Company shares ended 1.40% lower at ₹1,884.80 on the National Stock Exchange (NSE).

Important Numbers At A Glance

PAT: ₹804.64 crore in Q4, down 1.09% year-on-year (YoY).
Net Premium Income: ₹27,683.79 crore in Q4, up 16.02% YoY.
Gross Written Premium: ₹1,01,290 crore in FY26, up 19.19% YoY.
Value of New Business: ₹6,670 crore in FY26, up 12.10% YoY.
New Business Margin: 27.5% in FY26 vs 27.8% in FY25.

Other Highlights

Individual New Business Premium (NBP) rose 12.97% YoY in FY26 to ₹29,780 crore
Annualised Premium Equivalent (APE) rose 13.30% to ₹27,270 crore.
Indian Embedded Value (IEV) jumped 15% YoY to ₹80,790 crore in FY26
Assets under management (AuM) crossed ₹4.87 lakh crore, a gain of 8.73%.
Net worth rose 12.36% to ₹19,080 crore in FY26.
The solvency ratio stood at 1.90 as of 31 March 2026, above the regulatory requirement of 1.50.
The bancassurance channel dominated at 60% of APE for FY26, with agency at 29% and other channels at 11%.

Individual NBP from the 'other' bucket surged 38% YoY to ₹5,070 crore in FY26. This shows that the company’s push beyond the SBI branch network is starting to pay off, supported by 1,230 offices and a network of over 3.58 lakh insurance professionals.

Also Read - Pre-Market 23 April 2026

Sources

Business Standard

Economic Times

Moneycontrol

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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