SBI Life Q3 Review - Business Gains Traction, Margins To Improve: ICICI Direct 
A person filling SBI Life Insurance form. (Source: BloombergQuint)

SBI Life Q3 Review - Business Gains Traction, Margins To Improve: ICICI Direct 

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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.

ICICI Direct Report

SBI Life Insurance Company Ltd. reported a mixed performance wherein premium accretion was healthy but higher actuarial liability offset investment income, led to lower than expected surplus and earnings.

Premium growth remained healthy at 18% YoY to Rs 13766 crore, led by higher traction in renewal (up 24% YoY) and single premium (up 16.5% YoY).

New Business Premium witnessed a moderation in growth at 9.5% YoY to Rs 5439 crore, led by flattish group business.

Protection business (individual + group) continued to report strong growth at Rs 710 crore in Q3 FY21 versus Rs 510 crore in Q3 FY20.

Click on the attachment to read the full report:

ICICI Direct SBI Life Q3FY21 Result Update.pdf

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