SBI Life Insurance Q1 FY27 Results: Gross Premium Income Rises 20% YoY, PAT Up 22%
SBI Life Insurance reported healthy Q1 FY27 growth, driven by strong first-year premium collections, higher renewal premiums, and steady expansion in assets under management.
SBI Life Insurance Q1 Results FY2027: SBI Life Insurance reported a healthy Q1 FY27 with gross premium income rising 19.51% YoY to ₹21,289.65 crore and PAT increasing 21.97% to ₹724.93 crore. Strong first-year premium growth and a 10.01% rise in assets under management supported the company's quarterly performance.
SBI Life Insurance Q1 Results FY2027: On 24 July, SBI Life Insurance Company reported a healthy performance in the first quarter of FY27, driven by strong growth in new business premiums and renewal collections. Gross Premium Income increased 19.51% year-on-year to ₹21,289.65 crore, while Profit After Tax (PAT) rose 21.97% YoY to ₹724.93 crore.
SBI Life Insurance Q1 FY2027 Results Highlights
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Gross Premium Income stood at ₹21,289.65 crore in Q1 FY27, registering 19.51% YoY growth from ₹17,813.89 crore in Q1 FY26. Compared with ₹27,938.85 crore in Q4 FY26, Gross Premium Income declined 23.80%.
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First Year Premium came in at ₹4,954.93 crore, up 39.99% YoY from ₹3,539.47 crore. Compared with ₹5,092.71 crore in Q4 FY26, it declined 2.71%.
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Renewal Premium stood at ₹12,381.79 crore, increasing 17.40% YoY from ₹10,546.28 crore. Compared with ₹16,713.96 crore in Q4 FY26, Renewal Premium declined 25.92%.
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Single Premium stood at ₹3,952.93 crore, registering 6.03% YoY growth from ₹3,728.14 crore. Compared with ₹6,132.18 crore in Q4 FY26, it declined 35.54%.
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Profit After Tax (PAT) stood at ₹724.93 crore, compared with ₹594.37 crore in Q1 FY26, reflecting 21.97% YoY growth. Compared with ₹804.64 crore in Q4 FY26, PAT declined 9.91%.
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Solvency Ratio improved to 1.96x, compared with 1.90x in Q4 FY26, while remaining unchanged from 1.96x in Q1 FY26.
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Assets Under Management (AUM) increased to ₹5,26,046.07 crore, compared with ₹4,78,181.50 crore in Q1 FY26, reflecting 10.01% YoY growth. Compared with ₹4,92,053.37 crore in Q4 FY26, AUM grew 6.91%.
|
Metric |
Q1 FY27 |
Q4 FY26 |
QoQ % |
Q1 FY26 |
YoY % |
|---|---|---|---|---|---|
|
Gross Premium Income (₹ Cr) |
21,289.65 |
27,938.85 |
-23.80% |
17,813.89 |
19.51% |
|
First Year Premium (₹ Cr) |
4,954.93 |
5,092.71 |
-2.71% |
3,539.47 |
39.99% |
|
Renewal Premium (₹ Cr) |
12,381.79 |
16,713.96 |
-25.92% |
10,546.28 |
17.40% |
|
Single Premium (₹ Cr) |
3,952.93 |
6,132.18 |
-35.54% |
3,728.14 |
6.03% |
|
PAT (₹ Cr) |
724.93 |
804.64 |
-9.91% |
594.37 |
21.97% |
|
Solvency Ratio (x) |
1.96 |
1.90 |
+6 bps |
1.96 |
0 bps |
|
Total AUM (₹ Cr) |
5,26,046.07 |
4,92,053.37 |
6.91% |
4,78,181.50 |
10.01% |
Source: SBI Life Insurance Company Q1 FY27 Financial Results.
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As of 24 July, 3:30 PM
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