SBI Life Q4 Results: PAT at ₹814 crore; net premium income slips 5% YoY

SBI Life Q4 Results: SBI Life Insurance announced a slight year-on-year (YoY) increase of 0.3% in consolidated net profit for the March quarter, totaling ₹813.5 crore, compared to ₹810.8 crore during the same period last year.

Net premium income fell by 5% YoY to ₹23,861 crore in Q4FY25, down from ₹25,116 crore in the corresponding quarter of the previous financial year. The company experienced a growth of 7.3% YoY in first-year premiums for Q4FY25, amounting to ₹4,858.7 crore, in contrast to ₹4,528.3 crore in the same quarter last year.

The renewal premium increased by 12.9% YoY to ₹14,680.3 crore, up from ₹13,003.2 crore. However, single premiums dropped by 42.1% YoY to ₹4,462.5 crore, down from ₹7,709.5 crore. Net commission rose by 17.2% to ₹998 crore, compared to ₹851 crore in the same period last year. The 13th-month persistency ratio improved to 86.64%, compared to 85.76% the previous year, while the 61st-month persistency ratio increased to 61.51%, up from 57.81% YoY.

Business Growth and Market Share

1. The company maintained its position as a leader in Individual Rated Premium, reporting ₹19,350 crore and capturing a 22.8% share of the private market in FY25.
2. The Individual New Business Premium saw an 11% year-on-year increase, reaching ₹26,360 crore in FY25.
3. For the year, the Protection New Business Premium was recorded at ₹4,100 crore.
4. Gross Written Premium (GWP) increased by 4% to ₹84,980 crore in FY25, primarily due to an 11% growth in New Business Regular Premium and a 14% rise in Renewal Premium.

SBI Life share price today

SBI Life share price today closed 0.41% lower at ₹1,608.85 apiece on the BSE. According to Anshul Jain, Head of Research at Lakshmishree Investments, SBI Life share price broke out of a 103-day VCP pattern at 1,557 last week and has since been consolidating tightly for four sessions. This narrow range movement hints at a moving average catch-up phase, which could last another 3–4 sessions. Post this consolidation, a fresh breakout rally towards 1,740 is likely. While volumes remain subdued, the structure remains bullish, and a pickup in momentum buying could confirm the next leg of the upmove.

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