SBI Life Insurance Company (SBILIFE) Q4 24/25 earnings summary

Executive summary

• Celebrated 25 years of operations with strong growth, digital adoption, and market leadership in private life insurance, holding a 22.8% market share in IRP.

• Focused on agency and bancassurance productivity, new product launches, and digital transformation, with customer-centricity and sustainable value creation.

• Recognized for excellence in governance, sustainability, and digital innovation.

• Gross premium income for FY25 rose to ₹84,05,983 lakhs, with growth in both first year and renewal premiums.

• Net profit after tax for FY25 was ₹2,41,330 lakhs, an increase from ₹1,89,378 lakhs in FY24.

Financial highlights

• Gross Written Premium (GWP) rose to ₹849.8bn, a 4% increase year-over-year and 16% CAGR over five years.

• New business premium reached INR 355.8 billion; individual new business premium grew 11% to INR 263.6 billion.

• Profit after tax rose 27% to INR 24.13 billion.

• Embedded value increased 21% to INR 702.5 billion as of March 31, 2025, validated by Willis Towers Watson.

• Value of new business (VNB) at INR 59.5 billion with a 27.8% margin.

Outlook and guidance

• Expects 13-14% growth in individual APE, outpacing industry growth.

• Agency channel targeted for 25% growth; bancassurance expected to grow in low double digits.

• VNB margin guidance maintained at 27-28% for FY 2026.

• Positioned for steady double-digit premium growth, leveraging digital and distribution strengths.

• Product mix expected to shift from 70/30 (ULIP/traditional) to 65/35 in FY 2026.