SBI Life Insurance Company Limited — Investor Meet, 02-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Life has announced a board meeting to discuss the financial results for the quarter and half-year.

Q4 FY25 highlights: New business premium (NBP) reached INR355.8 billion with a 20.8% private market share; individual NBP grew 11% YoY to INR263.6 billion. Profit after tax increased 27% YoY to INR24.1 billion, while Value of New Business rose 7% to INR59.5 billion at a 27.8% margin. Assets under management grew 15% to INR4.48 trillion, solvency ratio stood strong at 1.96.

Growth was led by guaranteed non-par savings (+18% YoY) and a 40% jump in individual protection in Q4. Agency channel posted 28% individual new business growth, with agent productivity up 20%. Bancassurance contributed 61% of total APE, growing 9%. Management targets 13-14% individual IRP growth with a product mix shift favoring ULIPs, supporting margin expansion and persistency improvement. Digital adoption remains high, and 87 new branches are planned in Tier 2-4 cities.

Management remains confident on sustained margin and growth momentum, driven by product diversification, expanded agency reach, and digital efficiencies amid competitive pressures.