SBI Life Insurance Company (SBILIFE) Q1 25/26 earnings summary

Executive summary

• Achieved robust Q1 FY26 growth in gross premium income, profit, and embedded value, reflecting strong operational and financial performance.

• Maintained leadership in private life insurance, leveraging digital transformation, diversified distribution, and customer-centricity.

• Celebrated 25 years of operations, emphasizing innovation, operational efficiency, and sustainable value creation.

• Embedded value as of June 30, 2025, stood at ₹742.6 billion, with new business value for the quarter at ₹10.9 billion.

Financial highlights

• Gross premium income for Q1 FY26 was ₹1,780,389 lakh, up from ₹1,557,210 lakh in Q1 FY25; gross written premium rose 14% YoY to ₹178.1 billion.

• Net profit after tax for the quarter was ₹59,437 lakh, a 14.4% increase YoY; profit after tax increased 14% YoY to INR 5.94 billion.

• Value of New Business (VoNB) grew 12% YoY to INR 10.9 billion; VoNB margin at 27.4%.

• Assets Under Management (AUM) at INR 4.76 trillion, up 15% YoY; total assets increased to ₹4,781,815 lakh as of June 30, 2025.

• Embedded Value reached ₹742.6 billion, up 20% YoY.

Outlook and guidance

• Maintains mid-teens growth guidance for FY26, expecting to outperform industry averages.

• VoNB margin guidance remains at 26-28% for the year, with a positive bias.

• Focus on digitalisation, innovation, and expanding distribution to sustain growth.

• Management notes seasonality in the industry and cautions that quarterly results may not be indicative of full-year performance.