SBI Life Insurance reported an 11% year-on-year increase in net profit to ₹549 crore for the quarter ended September 2026. Net premium income also rose 8.2% to ₹2,688 crore. The company saw a 17% profit jump for the first half of FY27 and expects individual rated premium to grow further.
SBI Life Insurance has unveiled an impressive 11% net profit growth year-on-year for the September 2026 quarter, alongside an 8.2% rise in net premium income. Looking ahead, the company recorded a robust 17% net profit increase for the first half of FY27 and anticipates ongoing growth in individual rated premium this financial year. Additionally, the improvement in SBI Life's solvency ratio further solidifies its strong financial standing.
Mumbai: SBI Life Insurance reported an 11% year-on-year increase in net profit to ₹549 crore for the quarter ended September 2026, compared with ₹495 crore in the year-ago period.
Net premium income rose 8.2% to ₹2,688 crore in the second quarter of FY27 from ₹2,485 crore a year earlier. For the first half of FY27, net profit rose 17% to ₹1,274 crore from ₹1,089 crore in the year-ago period.
Net premium income increased 11.7% to ₹4,696 crore from ₹4,203 crore.
SBI Life's solvency ratio stood at 1.97 as of September 2026, compared with 1.94 a year earlier.
Annualised Premium Equivalent (APE) grew by 18% in the first half of the financial year to ₹11,750 crore while individual rated premium rose 12%.
The company expects individual rated premium to grow 14-15% in the current financial year, maintaining its full-year outlook despite quarter-to-quarter variations in business momentum.