Margins for the Value of New Business (VNB Margins) stood at 26.9%, which may have been 50 basis points lower than last year's figure of 27.4%, but a CNBC-TV18 poll had also projected the VNB Margins to be at 26.9%.
New Business Premium for SBI Life Insurance grew by 8.1% on a year-on-year basis to ₹10,530 crore, which was also in-line with the CNBC-TV18 poll expectation of ₹10,532 crore.
Out of the 37 analysts that have coverage on SBI Life, 33 of them have a "buy" rating, while the other four have a "hold." SBI Life does not have any "sell" recommendation from analysts.
Shares of SBI Life Insurance are trading 2.3% higher post the results announcement at ₹1,548. The stock has risen 9% in the last 12 months.
New Business Premium for SBI Life Insurance grew by 8.1% on a year-on-year basis to ₹10,530 crore, which was also in-line with the CNBC-TV18 poll expectation of ₹10,532 crore.
Out of the 37 analysts that have coverage on SBI Life, 33 of them have a "buy" rating, while the other four have a "hold." SBI Life does not have any "sell" recommendation from analysts.
Shares of SBI Life Insurance are trading 2.3% higher post the results announcement at ₹1,548. The stock has risen 9% in the last 12 months.
Future Outlook
Analysts remain optimistic about SBI Life’s growth trajectory, citing increasing awareness around life insurance and the company's solid market fundamentals. With India’s insurance penetration on the rise, SBI Life is well-positioned to capitalize on emerging opportunities.
Investor Insights
SBI Life’s Q3 results reaffirm its stability and growth potential in the life insurance sector. Investors seeking consistent returns and long-term growth may find SBI Life a reliable addition to their portfolio.