Dolat Capital: SBI Life Posts Strong Second Quarter Earnings
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.
Dolat Capital Report
SBI Life Insurance Company Ltd. reported a 28% YoY increase in gross written premium to Rs 130.9 billion in Q2 FY21 driven by strong renewal premium and single premium, which grew 28% and 71% respectively to Rs 71.5 billion and Rs 36.2 billion.
Annual premium equivalent declined 3.5% YoY to Rs. 27.1 billion but more than doubled sequentially.
The savings APE declined 9.2% to Rs. 23.7 billion while the protection APE grew 70% to Rs. 3.4 billion.
We expect the company’s APE growth to be on par with the industry’s.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.