Mumbai, April 22 (IANS). SBI Life Insurance has released the results for the fourth quarter (Q4) of financial year 2026 on Wednesday. During this period, the company’s net profit (PAT) declined by about 1 percent to Rs 804.64 crore, which was Rs 813.5 crore in the same quarter last year.
However, on a quarter-on-quarter basis, the company’s profit has increased by about 40 percent, which is more than Rs 576.74 crore in the third quarter.
Whereas, the company’s net premium income increased by 16 percent year-on-year to about Rs 27,684 crore, which was Rs 23,860 crore in the same period last year. This indicates good growth in the company’s business.
However, the company’s solvency ratio declined to 190 percent, which was 196 percent a year ago.
In the exchange filing, the company said that there has been improvement in the company’s persistence (policy continuation rate) at the operational level.
The amount transferred to shareholders’ accounts also increased to Rs 2.36 lakh crore in the fourth quarter, from Rs 1.94 lakh crore in the previous quarter. This reflects better operational performance.
The company’s gross premium income in the fourth quarter of FY 2026 stood at Rs 27,683.8 crore, which is less than the third quarter (Rs 30,245.3 crore) but more than the same period last year (Rs 23,860.7 crore).
During this period, the solvency ratio declined slightly to 190 percent, which was 191 percent last year, but it is still well above the regulatory requirements.
New business premium increased by 20 per cent to Rs 42,500 crore, while renewal premium increased by 19 per cent to Rs 58,700 crore.
Additionally, Annualized Premium Equivalent (APE) increased by 13 percent to Rs 24,270 crore.
Amit Jhingran, MD and CEO of the company, said that the life insurance industry has witnessed a good recovery during FY26, supported by recent regulatory steps and increasing consumer interest towards protection-based products.
He also said that GST exemption on individual policies made insurance more affordable for people.
Talking about the network, SBI Life is providing its services through 1,230 offices and 3,58,506 trained insurance professionals across the country.
–IANS
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