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

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