SBI Life Q3 Review- Another Strong Quarter: Dolat Capital
A person filling SBI Life Insurance form. (Source: BloombergQuint)

SBI Life Q3 Review- Another Strong Quarter: Dolat Capital

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 an 18% YoY increase in GWP to Rs. 138.7 billion in Q3FY21 driven by strong renewal premium, which grew 24.3%.

After 2 quarters of decline, APE growth was positive YoY for Q3FY21 (+3.6% YoY) to Rs. 35 billion.

Although savings APE was flat YoY, protection segment recorded a strong 43.5% growth YoY to Rs. 3.3 billion.

Dolat Capital expects SBI Life APE to grow in low single digit for FY21 and by ~20-25% in FY22.

Click on the attachment to read the full report:

Dolat Capital SBI Life Insurance Q3FY21 Result Update.pdf

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