Conference Call with SBI Life Insurance Company Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
SBI Life Insurance Company announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: Net Premium Income: Rs 27,68,379 lakh against Rs 23,86,071 lakh during Q4FY25, change 16%. PBT: Rs 81,578 lakh against Rs 84,061 lakh during Q4FY25, change -3%. PAT: Rs 80,464 lakh against Rs 81,351 lakh during Q4FY25, change -1%. FY26 Financial Highlights: Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively. Annualized Premium Equivalent (APE) stands at Rs 242.7 billion with growth of 13%. Individual New Business Sum Assured stands at Rs 4,463 billion with 61% growth. Improvement in 13M & 49M persistency by 53 bps & 107 bps respectively. Value of New Business (VoNB) stands at Rs 66.7 billion with growth of 12%. VoNB Margin stands at 27.5% • Indian Embedded value (IEV) stands at Rs 807.9 billion with 15% growth. Profit After Tax (PAT) stands at Rs 24.7 billion with 2% growth. Operating Return on Embedded Value stands at 19.7%. Assets under Management stands at Rs 4.9 trillion with 9% growth. Robust Solvency ratio of 1.90. Amit Jhingran, MD & CEO, SBI Life, said: The life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a gradual shift in customer preference towards protection-oriented products. The exemption of GST on individual policies enhanced affordability and supported demand during the period. The Company’s product mix reflected evolving customer preferences, with balanced contributions from ULIPs, participating and non-participating savings products, while the Par and retail protection segments recorded strong YoY premium growth. The Company reported stable Value of New Business (VNB) margins along with steady VNB growth during FY26. SBI Life Insurance remains focused on maintaining a balanced approach to growth and profitability. The Company continues to strengthen its product portfolio, distribution capabilities and operational efficiencies, while adhering to prudent risk management practices. As one of the leading private life insurers in India, SBI Life remains committed to enhancing insurance penetration and delivering long-term value to all stakeholders. Result PDF