BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
SBI Life Insurance Company Ltd.’s strong growth momentum led to strengthening its leading position. The company maintained decent of new business margins in a stellar quarter.
Persistency ratios were high and SBI Life is well capitalised. Claims in Q3 increased on account of Covid-19 and sufficient reserves have been maintained to meet future possible claims.
The opex ratio was a low 5.1% at end nine months-FY22. Similarly, the commission ratio was 3.5%. We expect 4.9%/4.9% opex ratios in FY23/24 and a 3.6% commission ratio for both as the company is focused on productivity.
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