SBI Life Q4 Results: Net profit rises 4% to Rs 811 crore, exceeds analysts expectations
SBI Life Q4 FY24 Results: SBI Life Insurance Company reported a 4.4 per cent rise in standalone net profit to Rs 810.8 crore for the quarter ended March 31.
SBI Life Q4 FY24 Results: SBI Life Insurance Company reported a standalone net profit of Rs 810.8 crore for the January-March period, marking an increase of 4.4 per cent on a year-on-year basis and exceeding analysts' expectations.
The life insurance company registered 26.2 per cent growth in net premium income to Rs 25,116.5 crore for the fourth and final quarter of the financial year 2023-24, according to a regulatory filing.
According to Zee Business research, SBI Life's March-quarter net profit was estimated at Rs 720 crore and net premium income at Rs 23,678 crore.
What is SBI Life and what does it do?
Incorporated in October 2000, SBI Life Insurance is a life insurer registered with the Insurance Regulatory and Development Authority of India (IRDAI) that provides a wide range of products catering to individuals as well as group customers through protection, pension, savings and health solutions.
(This story will be updated shortly)
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