SBI Life Insurance Company Limited Earnings Summary — Q1 FY2027
SBI Life Reports Record 20% Growth in New Business Premium for FY26
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 1038.2% sequentially in Q1 FY2027.
- Revenue of ₹46,337 Cr is 18.8% higher year-on-year.
- Revenue has compounded at 11.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹725 Cr is 22.0% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -4.9% annualised across the period.
- Operating margin stands at 1.6% in Q1 FY2027.
- Operating margin compressed by 7 bps year-on-year.
- Over the last two years operating margin has contracted by 8 bps.
- PBT margin is 1.7%.
- Expenses grew 18.9% against revenue growth of 18.8%.
- Operating profit of ₹757 Cr is 14.1% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 58/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Volatile | 46,337 | 4,071 | 46,133 | 23,115 | 38,997 | 23,071 | 18,862 | 40,302 | 34,654 | 36,255 |
| Expenses | Volatile | 45,579 | 5,117 | 45,517 | 22,600 | 38,333 | 23,520 | 18,266 | 39,696 | 34,060 | 37,043 |
| Operating Profit | Volatile | 757 | -1,046 | 615 | 516 | 664 | -449 | 596 | 606 | 594 | -788 |
| Operating Margin | Volatile | 1.6% | -25.7% | 1.3% | 2.2% | 1.7% | -1.9% | 3.2% | 1.5% | 1.7% | -2.2% |
| Other Income | Volatile | 36 | 1,913 | 27 | 16 | -8 | 1,350 | -3 | -4 | 3 | 1,639 |
| Interest | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Depreciation | Insufficient data | — | — | — | — | — | — | — | — | — | — |
| Profit Before Tax | Accelerating | 793 | 867 | 642 | 532 | 656 | 901 | 594 | 601 | 597 | 851 |
| Tax | Volatile | 68 | 62 | 65 | 37 | 62 | 87 | 43 | 72 | 77 | 40 |
| Net Profit | Accelerating | 725 | 805 | 577 | 495 | 594 | 814 | 551 | 529 | 520 | 811 |
| Net Margin | Volatile | 1.6% | 19.8% | 1.3% | 2.1% | 1.5% | 3.5% | 2.9% | 1.3% | 1.5% | 2.2% |
Key Takeaways
- New Business Premium (NBP) grew by 20% YoY to reach ₹425.5 billion, driven by strong performance across multiple segments.
- Value of New Business (VoNB) reached ₹66.7 billion with a healthy margin of 27.5%.
- Company maintains a dominant 22.5% private market share in terms of policies issued.
- Bancassurance channel continues to be a major driver with ₹71 lacs productivity per SBI branch.
- Total Assets Under Management (AUM) crossed the ₹4,700 billion mark, representing 19% growth.
- Digital adoption is near universal with 99.7% of individual applications submitted digitally.
- Individual Savings segment remains the largest contributor at 53% of the product mix.
- Maintained a strong solvency ratio of 1.95x, highlighting capital adequacy.
Management Guidance
Management aims to maintain steady growth and long-term consistent returns by leveraging its multi-channel distribution network and focus on need-based selling. There is a strategic emphasis on expanding the agency force and enhancing digital capabilities through RPA and AI-driven underwriting.
Sentiment Shift
Improving
Strong growth in NBP (20%) and PAT (15%) alongside stable VoNB margins suggests an improving trajectory compared to previous years where industry headwinds were more pronounced.
Outlook
The outlook remains positive as the company leverages its unparalleled distribution reach (SBI network) and diversifies its product mix further into protection and annuity segments.
From the Annual Report (Key Quotes)
“Building resilient business model well positioned to maintain steady growth and long-term consistent returns.”
“Quality and scale of multichannel distribution platforms making penetration seamless.”
“Driving profitable growth through sustained improvement in VoNB.”
Official Quarterly Documents
This summary is AI-generated from SBI Life Insurance Company Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.