SBI Life Insurance Company Ltd. News and Updates

Name: Latest research reports of SBI Life Insurance Company Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: SBI Life Insurance Company Ltd.
Rating: 5
Author: KRChoksey

Keep track of all breaking news on SBI Life Insurance Company Ltd. from all sources in a single place.

Load latest

SBI Life Insurance Company Ltd.

29 Oct 2020

1774.80

-0.06%

SBI Life Insurance Company

SBI Life Insurance Company...

SMC online

The company has posted 27% growth in net premium collection to Rs 12857.95 crore in Q2FY2021, aided by 28% growth in the renewal business to Rs 7150 crore, while new business premium also jumped 27% to Rs 5940 crore in Q2FY2021. New Business APE eased 4% to Rs 2710 crore in Q2FY2021 from Rs 2810 crore in Q2FY2020. The Value of New Business (VoNB) fell 2% to Rs 510 crore in Q2FY2021, while VoNB margins...

SBI Life Insurance Company Ltd. is trading above all available SMAs

SBI Life Insurance Company Ltd.

28 Oct 2020

1774.80

-0.06%

SBI Life Insura

Buy: SBI Life Insurance Company...

KRChoksey

The business for SBI life improved sequentially and annually, growing 28% YoY/71% QoQ as business across channels improve. The renewal premium grew 28% YoY/123% QoQ as persistency across tenure improved materially. The market share rose to 24.5% from 23.9% in Q1FY21. The growth was also witnessed from new Banca partnerships. Overall Banca partnership from non SBI is likely to have risen 71% YoY in H1FY20 but was lower 25% YoY in the SBI channel and lower by 21% YoY in agency. The agency productivity is...

Number of FII/FPI investors increased from 883 to 897 in Mar 2025 qtr.

SBI Life Insurance Company Ltd.

27 Oct 2020

1774.80

-0.06%

SBI Life Insura

Buy: SBI Life Insurance Company...

Dolat Capital

SBILIFE reported a 28% YoY increase in GWP to Rs. 130.9bn in Q2FY21 driven by strong renewal premium and single premium, which grew 28% and 71% respectively to Rs 71.5bn and Rs 36.2bn. APE declined 3.5% YoY to Rs. 27.1bn but more than doubled sequentially. The savings APE declined 9.2% to Rs. 23.7bn while the protection APE grew 70% to Rs. 3.4bn. We expect SBILIFE's APE growth to be on par with the industry's. Individual savings APE declined 15% YoY to Rs. 21.1bn and comprise of 78% of the overall mix (Q2FY20: 88% Q1FY21: 75%). Although ULIP APE...

Number of MF schemes increased from 36 to 42 in Mar 2025 qtr.

SBI Life Insurance Company Ltd.

27 Oct 2020

1774.80

-0.06%

Q2FY21 Result Update - Recovery in growth with right business mix - BUY

Buy: SBI Life Insurance Company...

Recommendation Target

Prabhudas Lilladhar

Strong recovery in GWP led by protection & group savings SBI Life delivered 28% YoY growth in GWP mainly from renewal & single premium, while some recovery in regular premiums. This has led to APE recovery with de-growth of -4%/-15% YoY in Q2/H1FY21 vis--vis -32% YoY de-growth in Q1FY21. New business was driven by group savings, protection and recovery in ULIP. This change in business mix kept the margins steady at 18.8% (PLe of 19.6%) as recovery in ULIP offset the protection margin benefit. Improving protection mix and other higher margin products will help...

SBI Life Insurance Company Ltd. is trading above all available SMAs

SBI Life Insurance Company Ltd.

27 Oct 2020

1774.80

-0.06%

Result Update:SBI Life Insuran

Buy: SBI Life Insurance Company...

Target

Axis Direct

We remain positive on the stock and maintain Buy with a Target Price of Rs 998 (2.8x FY22EV)

SBI Life Insurance Company Ltd. has gained 22.18% in the last 6 Months

SBI Life Insurance Company Ltd.

27 Oct 2020

1774.80

-0.06%

SBI Life Insurance Co. Ltd

Buy: SBI Life Insurance Company...

Target

ICICI Securities Limited

SBI Life Insurance reported a healthy set of numbers led by strong renewal premium and investment income. Higher actuarial liability and elevated claims were offset by steady opex, which led to reasonable PAT growth. Healthy NBP accretion led to elevated commission expenses at | 414 crore, up 1.5% YoY, 83.9% QoQ. Elevated commissions despite higher sourcing via banks (banca + others) were at ~87%. Higher commission expenses were offset by steady opex, leading to overall opex to come in at | 1003 crore vs. | 1014 crore in Q2FY20. Strong premium growth coupled with...

SBI Life Insurance Company Ltd. has gained 27.40% in the last 3 Months

SBI Life Insurance Company Ltd.

26 Oct 2020

1774.80

-0.06%

SBI Life Insura

Buy: SBI Life Insurance Company...

Yes Securities

and revival in the ULIP business. It continues to focus on extracting more from its bancassurance and agency channels. Limited presence on the online platforms, however, is a dampener. The stock trades at FY22E P/EV of 2.1x, which we find...

SBI Life Insurance Company Ltd. has gained 32.56% in the last 1 Year

SBI Life Insurance Company Ltd.

26 Oct 2020

1774.80

-0.06%

Persistency improves across cohorts; Cost leadership continues

Buy: SBI Life Insurance Company...

Motilal Oswal

Persistency improved across cohorts, with the highest improvement seen in 61st month (by 340bp YoY to 60.9% in 1HFY21), which aided growth in the Renewal business. The company continues to maintain cost leadership, with the total expense ratio declining to 7.7% (~220bp YoY improvement). 2QFY21 shareholders' PAT grew 131% YoY to ~INR3.0b (in-line). Overall, we expect SBILIFE to deliver 17% VNB growth over FY2023E. We further expect VNB margins to improve to ~21% and operating RoEV to...