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SBI Life Q2 Results: Net Profit Jumps 39.2% to ₹529.42 Crore – Know More!

SBI Life Q2 Results saw a 39.2% net profit rise to ₹529.42 crore in FY25, up from ₹380.19 crore last year, driven by premium growth and better profitability.
SBI Life Q2 Results: Net Profit Jumps 39.2% to ₹529.42 Crore – Know More!

SBI Life Q2 Results revealed a 39.2% rise in net profit, reaching ₹529.42 crore for the July-September quarter of FY25, up from ₹380.19 crore a year ago. The increase reflects the insurer’s strong performance, driven by steady premium growth and improved profitability during the period.

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Net premium income rose slightly by 1% to ₹20,266.10 crore in Q2 FY25, compared to ₹20,049.66 crore in the same quarter last year. Additionally, first-year premium income increased by 6% year-on-year to ₹4,915.67 crore, demonstrating SBI Life’s ability to expand its customer base.

Also Read: IREDA Shares Decline 9.31% to Four-Month Low as Q2 Profit Misses Estimates; know more on this

SBI Life also recorded a 5.1% increase in net commission income, which stood at ₹837.15 crore for the quarter, up from ₹795.92 crore in Q2 FY24. The insurer’s solvency ratio improved to 2.04% during the July-September quarter, slightly higher than 2.01% in the previous quarter.

Income from investments soared by 132% year-on-year, reaching ₹19,753 crore for the quarter, contributing significantly to the company’s financial strength. Additionally, assets under management (AUM) surged by 27%, totaling ₹4.38 lakh crore as of September 2024, compared to ₹3.45 lakh crore in the same period last year.

Also Read: Amber Enterprises Q2 Results Show Strong Revenue Growth and Profit Surge to Rs 20.9 Crore

Following the earnings report, shares of SBI Life closed higher by 0.8%, settling at ₹1,711.7 apiece on the NSE. The company’s market capitalization reached ₹1,71,499.32 crore. On the BSE, shares ended up 0.6% higher at ₹1,710 per unit.

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SBI Life’s Gross Written Premium (GWP) grew by 7% in the first half of FY25, driven by an 11% rise in new business regular premium and a 16% increase in Renewal Premium. The insurer continues to leverage its robust distribution network of over 3.33 lakh trained professionals and 1,082 offices across India.

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