India · Delayed Price · Currency is INR SBI Life Insurance Company Earnings Call Transcripts
Fiscal Year 2026
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Strong growth in new business premium, VNB, and embedded value was achieved despite regulatory and cost headwinds. Focus remains on product diversification, digitalization, and strengthening agency channels, with VNB margins guided at 26%-28% and APE growth targeted at 14%.
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AUM surpassed INR 5.1 trillion with strong growth in new business, protection, and par products. VONB margin held at 27.2% despite GST and labor law impacts, and solvency remains robust. Full-year APE growth guidance is maintained at 13%-14%.
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Strong growth in new business premium, protection, and digital channels drove robust H1 results, with margins resilient despite GST headwinds. Margin guidance and growth outlook remain positive, supported by product mix and operational efficiency.
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Q1 FY26 saw robust growth in new business premium, profit, and AUM, with strong performance in protection and group segments. Persistency and operational efficiency improved, while digitalization and product innovation supported growth. Guidance for mid-teens growth and stable margins is maintained.
Fiscal Year 2025
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Strong growth in new business premium, profit, and embedded value, with robust agency and bancassurance performance. Product mix is shifting toward traditional products, supporting stable VNB margins, while digitalization and branch expansion drive operational efficiency.
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Strong growth in new business premium, profit, and AUM was achieved, with robust agency and banca channel performance. Product innovation and digitalization drove operational efficiency, while guidance remains for double-digit APE growth and stable VNB margins.
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Strong H1 FY25 performance with 13% growth in individual new business premium and 38% rise in profit after tax. Agency channel led growth, while Banca channel moderated due to high base and digital transition. VNB margin guidance remains at 26-27% for FY25.
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Strong double-digit growth in new business and gross written premium, with profit after tax up 36% year-over-year. Margins remain resilient despite regulatory changes, and digital initiatives plus new product launches are expected to drive further growth.