SBI Life Q2 FY27 PAT Up 17% to ₹12.7 Billion; APE Grows 18% to ₹117.5 Billion
SBI Life reported a 17% year-on-year increase in Profit After Tax (PAT) to ₹12.7 billion for H1 FY27. APE grew 18% to ₹117.5 billion, and VoNB increased 19% to ₹32.7 billion. Gross Written Premium rose 13% to ₹484.0 billion. The company maintained its leadership in the private market for Individual Rated Premium with a 22.6% share.
The announcement details significant financial performance improvements for the half-year, including substantial profit growth and increased market share, which are material to investors and stakeholders.
The company reported strong double-digit growth in key financial metrics like PAT, APE, and VoNB, along with market share gains and an increased Assets Under Management, indicating a positive financial performance.
SBI Life Insurance Company Limited announced its financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved the reviewed financial results on Tuesday, October 27, 2026, in Mumbai.
For the half-year ended September 30, 2026 (H1 FY27), the company reported a Profit After Tax (PAT) of ₹12.7 billion, marking a 17% growth compared to ₹10.9 billion in H1 FY26. The Annualized Premium Equivalent (APE) stood at ₹117.5 billion, an 18% increase from ₹99.2 billion in the previous year. The Value of New Business (VoNB) grew by 19% to ₹32.7 billion, with the VoNB Margin remaining strong at 27.9%. The Indian Embedded Value (IEV) reached ₹873.5 billion, up 15% year-on-year. Assets under Management (AuM) grew by 9% to ₹5,271.2 billion.
The company maintained its leadership in the private market for Individual Rated Premium (IRP) with a market share of 22.6% and Individual New Business Premium (Ind. NBP) growing by 13% to ₹137.3 billion. Gross Written Premium (GWP) increased by 13% to ₹484.0 billion, driven by a 10% growth in New Business Premium and a 15% growth in Renewal Premium.
Amit Jhingran, MD & CEO of SBI Life, stated that the company remained focused on delivering sustainable business growth, strengthening its distribution network, and expanding insurance penetration. He highlighted the commitment to adapting to the evolving regulatory framework and leveraging India's resilient economy for the life insurance sector's growth.
The company also emphasized its strong distribution network, cost efficiency measures, and customer-centric initiatives, including digital advancements for improved customer experience and operational efficiencies.
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