Dolat Capital: SBI Life Posts Strong Second Quarter Earnings
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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:

Dolat Capital SBI Life Insurance Q2FY21 Result Update.pdf

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