SBI Life Q4 Review - Strong Pullback; Momentum Should Continue: Prabhudas Lilladher
A person filling SBI Life Insurance form. (Source: BloombergQuint)

SBI Life Q4 Review - Strong Pullback; Momentum Should Continue: Prabhudas Lilladher

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Prabhudas Lilladher Report

SBI Life Insurance Company Ltd. ended the FY21 with 6.6% of annual premium equivalent growth which grew 48% YoY/13% QoQ on back of 24% growth in new business premium in FY21 and 62% YoY/14% QoQ in Q4 FY21.

Strong topline and mix also enhanced margins to be better than expectations at 20.4% in FY21 (our estimate: 19.9%) and implying 22.2% exit margin in Q4 FY21 (our estimate:21.2%).

This led to a strong 20% YoY growth in the absolute value of new business.

Strong growth was seen in non-par savings, individual protection, group business and recovery in unit-linked insurance plans happening quarter to quarter.

Click on the attachment to read the full report:

Prabhudas Lilladher SBI Life Insurance Q4FY21 Result Update.pdf


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.

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