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The Economic Times
The Economic Times
Akash Podishetti

SBI Life Q1 results: Profit rises 22% YoY to Rs 720 crore on strong premium growth

SBI Life SBI Life Insurance Insurance

SBI Life Insurance on Friday reported a 22% year-on-year (YoY) rise in profit for the June quarter, helped by higher new business premium, stronger renewal collections and growth in value of new business. The company’s profit after tax rose to Rs 720 crore for the quarter ended June 2026, compared with Rs 590 crore in the same quarter last year. Profit before tax increased to Rs 750 crore from Rs 610 crore.

Gross written premium rose 20% YoY to Rs 21,290 crore from Rs 17,810 crore. New business premium grew 23% to Rs 8,910 crore, while renewal premium rose 17% to Rs 12,380 crore. Individual new business premium increased 14% to Rs 5,610 crore from Rs 4,940 crore. Individual rated premium also grew 14% to Rs 3,970 crore.

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