SBI Life Q2 Results: PAT down 6%, misses estimates; gross premium income meets mark

SBI Life Insurance Company on Friday reported a net profit of Rs 513.2 crore for the quarter ended September 30, a fall of 6.2 per cent over the corresponding period a year ago. The quarterly net profit fell short of analysts' expectations.

Its gross premium income grew 22.9 per cent to Rs 25,083.9 crore, according to a regulatory filing. The top line exceeded Street estimates.

SBI Life Q2 earnings vs estimates

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According to Zee Business research, SBI Life Insurance was estimated to register a second-quarter net profit of Rs 540 crore with Rs 23,510 crore in gross revenue income.

SBI Life July-September net premium income

The insurance provider's net premium income jumped 22.6 per cent to Rs 24,848.3 crore, according to the filing.

Net premium income determines the underwriting revenue of an insurer.

SBI Life Results | Management commentary

Welcoming the government’s GST 2.0 move, SBI Life MD and CEO Amit Jhingran said the reforms will drive broader adoption, financial security and sustainable sector growth. "Q2 FY26 saw growth along with strategic product mix shifts and strong performance in Individual and group protection segments. Individual New Business Premiums gained momentum, shifting towards guaranteed nonpar savings and protection solutions," he said.

Jhingran also said the company remains committed to customer trust, product innovation and disciplined execution for sustained growth and long-term value creation.

SBI Life H1 value of new business and margin

For the first six months of the financial year, SBI's value of new business (VoNB) stood at Rs 2,750 crore, marking 14 per cent year-on-year growth.

The company's VoNB margin came in at 27.8 per cent.

SBI Life shares

Minutes after the earnings announcement, SBI Life shares ended 0.7 per cent at Rs 1,840.5 apiece on BSE.

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