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.
Motilal Oswal Report
SBI Life Insurance Company Ltd. reported a strong Q2 FY22, with annual premium equivalent growth of 46% YoY (5% beat) and of new business growth at a stellar 91% YoY (10% beat).
VNB margin improved to 25.9% (up ~560 basis points YoY). However, shareholders’ profit after tax declined by ~18% YoY on account of higher claims settled in Q2 FY22.
Among segments, unit linked insurance plan saw a strong rebound, up 67% YoY.
SBI Life's non participating/protection grew better than its peers, up 68%/21% YoY.
Persistency has improved across cohorts, with 13th month persistency improving by ~180 bps YoY to 87.7% and steady trends in the 61st month at 60.7%.
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