| Management target | Revenue 14.5% FY27 |
|---|
| Revenue growth | Individual Rated Premium (IRP) growth guidance of 14-15% for the year. |
|---|---|
| Margins | VNB margin at 26.2%; expected to move towards upper 28% range. |
| Demand visibility | Strong demand for non-par savings and protection solutions observed. |
| Management confidence | Confident in long-term growth and sustainable profitable growth via product mix. |
Growth
New Business Premium up 23% to INR 89.1B; Individual APE grew 14%; PAT grew 22% to INR 7.2B.
Outlook
VNB margin guidance of 26-28%; targeted IRP growth of 14-15%; expected margin improvement as product mix normalizes.
Risks
GST impact of INR 2.3B; lumpy group business impacting short-term margins; elevated stamp duty and labor costs.
Last quarter's promises, checked
Delivered
- Guided 13% IRP growth → delivered 14% (= BEAT)
- Guided 26-28% VNB margin → delivered 26.2% (= BEAT)
- Guided 14% 3-yr CAGR → delivered 14% (= BEAT)
Partly delivered
- Launch deferred annuity in Q1 FY27 → Planned for Q2 FY27 (= PARTIAL)
Investor Presentation filed with BSE, NSE: SBILIFE. Summary written with AI assistance from the document.
SBI Life Insurance Company Ltd: key numbers
- Share price
- ₹1,723.70
- Market cap
- ₹1,72,957 Cr
- Revenue (annual)
- ₹1,12,315 Cr
- Net profit (annual)
- ₹2,470 Cr
- P/E (TTM)
- 66.5×Sector 21.9×
- Promoter holding
- 55.32%-0.01% QoQ
- FII holding
- 20.95%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from SBI Life Insurance Company Ltd
All →SBI Life Insurance Company Legal & Regulatory
SBI Life Insurance received a tax demand order of ₹1.13 Crore from the Rajasthan GST authority. The company intends to appeal against this order.
- Value
- ₹1.13 Cr
SBI Life Insurance Company Management Change
SBI Life appointed Mr. Nihar Niranjan Jambusaria as an Additional Independent Director for a three-year term effective September 22, 2026.
SBI Life Insurance Company Employee Stock Options
SBI Life Insurance allotted 55,501 equity shares to employees upon the exercise of vested stock options. This allotment increases the company's paid-up share capital.
SBI Life Insurance Company Other Announcement
SBI Life has reappointed M/s. K S Aiyar & Co. and M/s. J Singh & Associates as Joint Statutory Auditors for FY 2026-27.
SBI Life Insurance Company Management Change
Mr. Narayan K. Seshadri ceased to be an Independent Director of SBI Life Insurance Company Ltd effective August 19, 2026, upon completion of his tenure.
SBI Life Insurance Company Employee Stock Options
SBI Life Insurance has allotted 88,522 equity shares upon the exercise of employee stock options. This allotment increases the company's paid-up share capital.