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.
ICICI Direct Report
SBI Life Insurance Company Ltd. reported strong growth on the premium front while controlled cost ratios, sequential decline in actuarial liabilities aided the company to have a healthy surplus and profit after tax.
Premium growth remained healthy at 31% YoY, 13% QoQ to Rs 15,556 crore, led by higher traction in first year premium (up 45% YoY) and single premium (up 97% YoY).
Growth in renewal premium continued to remain healthy at ~16% YoY to Rs 9,459 crore.
New business premium also witnessed a sequential pick-up in growth as it was up 13.8% QoQ, 62% YoY to Rs 6,189 crore, led by traction in individual business at Rs 2,930.
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