SBI Life Insurance to announce interim dividend for FY25; board meeting set for February 28

SBI Life Insurance, a leading private insurer and subsidiary of State Bank of India, announced on Monday that its Board of Directors will meet on February 28, 2025, to consider and declare an interim dividend for the financial year 2024-25. 

In an exchange filing dated February 24, the company stated,  "The meeting of the Board of Directors of the Company is scheduled to be held on Friday, February 28, 2025, to consider and declare the payment of an interim dividend on equity shares of the Company for the Financial Year 2024-25." 

When is record date for SBI Life Insurance's interim dividend?

If announced by the board of directors of SBI Life Insurance Company, the record date for identifying the shareholders who are entitled to receive the FY25 interim dividend is Friday, March 7, 2025.

SBI Life share price history vs Nifty 50

SBI Life Insurance Company opened Monday's trading session on a weaker note, with its stock starting at Rs 1,480 per share, down from the previous close of Rs 1,495.40 on the National Stock Exchange (NSE). By the end of the session, the shares had declined 0.76 per cent from their previous close.

The stock has delivered a mixed performance over the past year. While the share price gained around 3 per cent in the last month, it fell 17 per cent over the past six months and nearly 4 per cent in the last one year. In contrast, the benchmark Nifty 50 index rose only 1.95 per cent during the same period.

SBI Q3 FY25 Results

SBI Life Insurance reported a net profit of Rs 550.82 crore for Q3 FY25, marking a robust 71 per cent surge from Rs 321.75 crore in the corresponding period last year, surpassing market expectations. The impressive growth was driven by an 11 per cent rise in net premium income to Rs 24,828 crore, fueled by a 14 per cent increase in new business premiums, which reached Rs 1,446.76 crore. The company maintains a solid solvency ratio of 2.04, comfortably exceeding the regulatory requirement.