SBI Life Q1 Review - Improved Margins; Risk-Reward Favourable: Prabhudas Lilladher

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..Prabhudas Lilladher Report.SBI Life Insurance Company Ltd.’s new business premium was slower with growth of 10% y-o-y led by a slower group business, while decent retail business growth of 37% y-o-y in NBP, annual premium equivalent grew by 28% y-o-y. On effective tax basis, SBI Life is catching up toward industry players with 90 basis points (400bps y-o-y) improvement seen from FY21 to 24.1%. Margin improvement has been on good mix change mainly from continued protection (best growth amongst listed players – 62% y-o-y in NBP and 86% in APE). Covid-19 claims and reserving of Rs 4.4 billion (including Rs 1.8 billion of Q4 FY22) is near to industry trends with benefits reaped from mortality changes done in FY21. .Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

SBI Life Q1 Review - Improved Margins; Risk-Reward Favourable: Prabhudas Lilladher

SBI Life Q1 Review - Improved Margins; Risk-Reward Favourable: Prabhudas Lilladher

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