SBI Life Q4 Review - Business Gains Traction; To Continue Ahead: ICICI Direct

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 strong growth on the premium front while controlled cost ratios, sequential decline in actuarial liabilities aided the company to have a healthy surplus and profit after tax.Premium growth remained healthy at 31% YoY, 13% QoQ to Rs 15,556 crore, led by higher traction in first year premium (up 45% YoY) and single premium (up 97% YoY).Growth in renewal premium continued to remain healthy at ~16% YoY to Rs 9,459 crore.New business premium also witnessed a sequential pick-up in growth as it was up 13.8% QoQ, 62% YoY to Rs 6,189 crore, led by traction in individual business at Rs 2,930..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 Q4 Review - Business Gains Traction; To Continue Ahead: ICICI Direct

SBI Life Q4 Review - Business Gains Traction; To Continue Ahead: ICICI Direct

Choose a plan