SBI Life's Q2 profit rises 10.9% to ₹549.23 crore; net premium income up 8.2%

What happened

• Net profit for the quarter was ₹549.23 crore against ₹494.59 crore a year earlier, and net premium income rose 8.2% to ₹26,878 crore, per Elets BFSI. Whalesbook, which published at 6:53 PM on Tuesday, gave first-half profit as ₹1,274.17 crore against ₹1,088.96 crore.
• Whalesbook gave the first-half value of new business as ₹32.7 billion and embedded value as ₹873.5 billion. Kotak Neo put the same figures at ₹3,270 crore, up 19%, and ₹87,350 crore, up 15%, and gave first-half gross written premium as ₹48,400 crore, up 13%.
• Elets BFSI and Kotak Neo both gave the solvency ratio as 1.97 against the 1.50 regulatory minimum. Kotak Neo gave assets under management as ₹5.27 lakh crore.
• Zeebiz's headline said the profit growth missed analyst expectations while premium growth met them. Kotak Neo's piece, published at 8:24 PM, gave first-half profit as ₹1,270 crore, slightly different from Whalesbook's ₹1,274.17 crore. The shares closed at ₹1,633 on Tuesday, per Zerodha Kite, before the results.

Why it matters

The outlets differ in places: Elets BFSI gives the quarterly rise as 10.9% and Zeebiz as 11%, and first-half profit is ₹1,270 crore at Kotak Neo and ₹1,274.17 crore at Whalesbook.

Good to know: Value of new business is an insurer's estimate of the value of the policies it sold in a period, after the cost of capital to back them. Embedded value adds that to the value of policies already on the books.

Key facts

Q2 net profit, per Elets BFSI

₹549.23 crore (₹494.59 crore), up 10.9%

Net premium income

₹26,878 crore, up 8.2%

First-half net profit, per Whalesbook

₹1,274.17 crore (₹1,088.96 crore)

First-half value of new business, per Kotak Neo

₹3,270 crore, up 19%

Solvency ratio

1.97 (minimum 1.50)

Read the source

• SBI Life Q2 FY27 Profit Rises 10.9% to ₹549 Crore; Net Premium Income Up 8.2%Elets BFSI
• SBI Life Insurance Q2 Profit Rises to Rs 549 CroreWhalesbook
• SBI Life Insurance H1 FY27 Results: Value Of New Business Climbs 19% To ₹3,270 Crore As AUM Reaches ₹5.27 Lakh CroreKotak Neo
• SBI Life Q2 Results: PAT grows 11% but misses analyst expectations, premium income growth meets markZeebiz