SBI Life Q3 Results Review - Slower Growth; Optimistic On Long Term Outlook: ICICI Direct

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.SBI Life Insurance Company Ltd. has posted a slower but steady performance with 6% YoY growth in premium growth to Rs 19171 crore. New business premium growth remained muted with a decline of 1% YoY to Rs 8424 crore while renewal premium increasing 13% YoY to Rs 10908 crore. On annualised premium equivalent basis, the growth remains healthy at 19% YoY in Q3 FY23. On nine months-FY23 basis, APE growth is healthy at 20% YoY to Rs 12260 crore.Private market share based on rated individual premium was maintained at 25.7% in 9MFY23.Value of new business margin was reported at 29.6% in 9MFY23 versus 24.8% in 9MFY22 though marginal decline was seen sequentially led by a change in product mix. Non-par segment, which generally has higher margin contributed 38% (APE basis) in 9MFY23 compared to ~28% in 9MFY22. SBI Life's assets under management grew at a decent pace of 17% YoY to Rs 299900 crore. Shareholders and policyholders (excluding linked liabilities) assets together witnessed healthy growth at ~17%. Assets held in lieu of linked products rose ~13% YoY. Income from investment was boosted on a YoY basis at Rs 7443 crore..Click on the attachment to read the full report:.SBI Life Insurance Q3 Results: Profit Falls, Misses Estimates.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

SBI Life Q3 Results Review - Slower Growth; Optimistic On Long Term Outlook: ICICI Direct

SBI Life Insurance Company has posted a slower but steady performance with 6% YoY growth in premium growth to Rs 19171 crore.

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