SBI Life Insurance Company Limited — Investor Meet, 31-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Life Q1 FY26: Profit after tax surged 14% to INR 594 Cr. New business premium grew, with Individual NBP up 8% to INR 3,470 Cr. Value of New Business rose 12% to INR 1,090 Cr, with margins expanding to 27.4%. Gross Written Premium increased 14% to INR 17,814 Cr.

Management highlighted a strategic shift towards a healthier product mix including guaranteed non-par savings and protection, with protection APE growing 53%. Persistency improved significantly. Solvency remained robust at 1.96x. The company targets mid-teens growth for the year, maintaining VoNB margins of 26-28%, driven by channel expansion and digital focus.