SBI Life Q4 Review - Strong Performance, Comfortable Valuations: Axis Securities
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.
Axis Securities Report
In Q4 FY21, SBI Life Insurance Co. reported a strong annual premium equivalent of Rs 39.7 billion, up 46.5% year-on-year and 13% quarter-on-quarter led by growth across all products.
Individual protection share was 7.1% while unit linked insurance plan share stood at 70% in total APE.
The two-year APE compound annual growth rate stood at 13.2%.
Individual protection growth at ~47% YoY was significantly better than peers.
Value of new business margins expanded 170 basis points YoY to 20.4% led by a superior product mix.
Banca channel continues to do well while agency and other banca distribution channels have also picked up well.
Click on the attachment to read the full report:
This 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.