SBI Life Insurance Company Ltd. share price target

SBI Life's overall APE declined by 35% YoY as FYP de-grew by 34% YoY and despite 30% growth in single premium. Renewal premiums were also better growing 30% YoY, although 13M persistency (regular pay) saw weakness by110bps at 82.6% over FY20, while other buckets saw improved trends. Overall APE was slower on slower protection growth both on individual & group (lower loan attachments), while growth has been led in group savings showing lower reflection in APE growth. Margins at 18.7% were slightly lower than expectation dragged by not passing re-insurance rate hikes which it will...

Offer for sale (OFS) issue details for SBI LIFE INSURANCE COMPANY LTD are as below. Issue Period: June. 15, 2020 Discount to Retail Investor: NA Cut Off Rate: Rs. 742.60/- Reservation: 10% of Offer size Outlook & Valuation: We believe the Indian Life Insurance industry is in a phase

Challenging Years Ahead for Industry Leader: SBILIFE's 4QFY20 performance was marginally below expectations, as NBP/APE declined 11.8/12.6% YoY due to the lockdown

SBI Life Insurance Company Limited, is a joint venture between SBI and BNP Paribas formed in 2001, which offers individual and group insurance plans, including traditional and unit linked plans. Its products cover life, health,...

medical services whereas normal business growth was led by protection (marketing the increase in rates was one factor) and push from online channel sales. We believe, May & Jun should trend with similar de-growth numbers and will pick up only in 2HFY21....

SBI Life reported a largely stable fourth quarter with PAT growth of 16% YoY to Rs 5.3bn on moderation in change in valuation of policy liabilities. APE declined by 13% YoY on ULIP sale decline of 15%.

Premium accretion witnessed moderation amid the Covid-19 lockdown at the end of the quarter. Despite moderation in premium, focus on investments (net MTM loss of ~| 75 crore for shareholders) and higher shareholders surplus enabled better profitability. Opex growth witnessed a dip at 7.9% YoY to | 1180 crore with opex ratio steady at 9.9%. Moderation in new business premium & investment loss led to a decline in topline, offset by a decline in actuarial liability resulting in healthy policyholder surplus at | 659 crore. Such high surplus led to betterthan-expected earnings at | 531 crore; up 16% YoY. Volatility in market led...

Protection Guaranteed and Annuity Protection is Paving Way to Protection Segment Rise: Value of new business APE has increased

Yet another strong quarter for insurance giant SBI Life Insurance Company Limited, is a joint venture between SBI and BNP Paribas formed in 2001, which offers individual and group insurance plans, including traditional and unit linked plans. Its products cover life, health,...

SBI Life Insurance (SBILIFE) among private life insurers possesses by far the largest bancassurance network, bancassurance network size being most critical for scalability. Its individual agency force is highly productive among key private sector life insurer peers leading to cost efficiencies.