ICICI Direct: SBI Life Q1 — Optimising Product Mix, Volume To Drive Earnings

SBL Life Insurance Company’s pace of premium accretion witnessed a revival sequentially though YoY it remained moderate. Recovery in equities and increase in yields led to robust investment gains partially offset by change in actuarial liability, led to higher than expected surplus and earnings.Premium growth witnessed a revival at approximately 14% YoY to Rs 7588 crore, led by higher traction in renewal and single premium. Accretion...