SBI Life Shares Gain as Q1 Profit Rises 22% on Premium Growth

Mumbai, July 24: Shares of SBI Life Insurance Company Ltd (SBILIFE.NS) ended higher on Friday, after the country’s largest private life insurer reported a 22% jump in first-quarter profit backed by strong growth in new business premiums and steady renewals. 

The scrip opened weaker at Rs 1,844.10 compared with the previous close of Rs 1,853.50, but recovered through the session to touch an intraday high of Rs 1,889.50. It later gave up some of those gains, slipping to a low of Rs 1,830.10, before settling at Rs 1,858.60, up Rs 5.10 or 0.28% from its prior close. The volume-weighted average price for the day stood at Rs 1,858.22, broadly in line with where the stock finished. On last check, the counter was quoted at Rs 1,851.30, down Rs 2.20 or 0.12%, as some of the day’s gains were pared in the final trades. 

At the close, SBI Life’s order book on the exchange was skewed entirely to the sell side, with a pending offer of 100 shares at Rs 1,858.60 and no bids visible on the counter, pointing to muted fresh buying interest even as the stock ended in positive territory for the day. 

SBI Life Shares Price Trend Past Week 

A look at the past week’s trend shows the stock climbing steadily from around Rs 1,820 levels in the middle of the week to finish near Rs 1,866, aided by the upbeat quarterly show. The shares had dipped to a weekly low near July 22 before staging the recovery that carried into Friday’s session, holding well above the previous week’s lows through the final two sessions, with the stock swinging in a band of nearly Rs 60 between its intraday high and low on Friday. 

Q1 FY27 Earnings Highlights 

SBI Life Insurance’s net profit for the quarter ended June 30, 2026 rose 22% to Rs 7.2 billion, from about Rs 5.9 billion in the year-ago period, as the insurer continued to tilt its product mix toward more profitable policies while a firmer equity market lifted demand for market-linked plans. 

The company’s Annualised Premium Equivalent (APE) climbed 36% to Rs 53.8 billion, while the Value of New Business (VoNB) rose 29% to Rs 14.1 billion, with the VoNB margin at 26.2%. Gross Written Premium for the quarter grew 20% to Rs 212.9 billion, driven by a 23% rise in new business premium to Rs 89.1 billion and a 17% increase in renewal premium to Rs 123.8 billion. 

SBI Life retained its leadership in the private life insurance space, holding a 24.9% share of individual new business premium and 22.2% of individual rated premium. Total new business sum assured more than tripled to Rs 8,500.3 billion, up 211% from a year earlier, while persistency ratios improved by 61 basis points and 68 basis points on the 13-month and 49-month metrics, respectively. 

The insurer’s Indian Embedded Value rose 15% to Rs 852.9 billion, while assets under management grew 10% to Rs 5.2 trillion. Net worth stood at Rs 201.1 billion, up 13% year-on-year, and the solvency ratio remained robust at 1.96, comfortably above the regulatory threshold. 

Analysts had expected healthy new business growth at SBI Life through the quarter, as the insurer’s continued focus on higher-margin products, alongside improving equity markets, supported demand for market-linked insurance plans. 

Source

•  https://www.nseindia.com/get-quote/equity/SBILIFE/SBI-Life-Insurance-Company-Limited