SBI Life Insurance Company Limited (NSE: SBILIFE)

SBILIFE Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Premiums & Annuity Revenue	828,045	805,871	665,810	584,323	497,683	403,240
Total Interest & Dividend Income	338,715	178,334	146,750	117,732	102,659	93,847
Gain (Loss) on Sale of Investments	336,328	335,782	-6,317	126,937	220,744	-59,897
Other Revenue	195.78	194.18	155.85	174.16	194.16	263.7
Total Revenue	1,503,283	1,320,181	806,398	829,166	821,280	437,453
Revenue Growth (YoY)	43.45%	63.71%	-2.75%	0.96%	87.74%	-1.79%
Policy Benefits	1,391,855	1,217,326	714,397	752,530	756,455	372,878
Policy Acquisition & Underwriting Costs	33,443	32,553	30,625	21,583	17,788	16,249
Depreciation & Amortization	-	-	-	1.38	2.07	3.91
Selling, General & Administrative	38,621	38,782	32,621	28,501	23,046	23,235
Provision for Bad Debts	31.73	25.43	9.33	305.15	-0.75	6.55
Other Operating Expenses	13,469	10,621	9,590	9,804	7,508	6,560
Total Operating Expenses	1,478,997	1,299,312	787,239	812,197	804,797	419,466
Operating Income	24,286	20,869	19,159	16,969	16,483	17,988
Interest Expense	-91.32	-91.32	-100.83	-100.15	-83.19	-84.86
Other Non Operating Income (Expenses)	0.1	-	-0	-	-	-
Pretax Income	24,195	20,778	19,059	16,869	16,400	17,903
Income Tax Expense	2,380	1,840	1,853	1,809	1,842	3,681
Net Income	21,815	18,938	17,206	15,060	14,558	14,222
Net Income to Common	21,815	18,938	17,206	15,060	14,558	14,222
Net Income Growth	18.42%	10.07%	14.25%	3.44%	2.37%	7.19%
Shares Outstanding (Basic)	1,001	1,001	1,001	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,003	1,002	1,001	1,001	1,000	1,000
Shares Change (YoY)	0.07%	0.05%	0.04%	0.06%	0.00%	0.04%
EPS (Basic)	21.79	18.92	17.19	15.06	14.56	14.22
EPS (Diluted)	21.76	18.90	17.18	15.04	14.55	14.22
EPS Growth	18.33%	10.01%	14.23%	3.37%	2.32%	7.18%
Free Cash Flow	239,526	290,075	285,928	217,961	237,731	192,176
Free Cash Flow Per Share	238.93	289.52	285.52	217.74	237.63	192.10
Dividend Per Share	-	2.700	2.500	2.000	2.500	-
Dividend Growth	-	8.00%	25.00%	-20.00%	-	-
Operating Margin	1.62%	1.58%	2.38%	2.05%	2.01%	4.11%
Profit Margin	1.45%	1.43%	2.13%	1.82%	1.77%	3.25%
Free Cash Flow Margin	15.93%	21.97%	35.46%	26.29%	28.95%	43.93%
EBITDA	24,967	21,549	19,837	17,718	17,477	18,888
EBITDA Margin	1.66%	1.63%	2.46%	2.14%	2.13%	4.32%
D&A For EBITDA	681.07	680.02	677.91	748.96	993.98	900.31
EBIT	24,286	20,869	19,159	16,969	16,483	17,988
EBIT Margin	1.62%	1.58%	2.38%	2.05%	2.01%	4.11%
Effective Tax Rate	9.84%	8.86%	9.72%	10.72%	11.23%	20.56%

Source: S&P Capital IQ. Insurance template. Financial Sources.