SBI Life reports robust half-year growth, strong solvency in H1 FY26

SBI Life Insurance Company Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported a 19% growth in Gross Written Premium (GWP) to INR 429.0 bn for H1 FY26, with New Business Premium (NBP) rising 17% to INR 183.5 bn. Profit After Tax (PAT) increased by 4% to INR 10.9 bn. The Solvency Ratio remained robust at 1.94, well above the regulatory requirement of 1.50, underscoring the company’s strong financial health.

The Indian Embedded Value (IEV) grew by 15% to INR 760 bn, and the Value of New Business (VoNB) increased by 14% to INR 27.5 bn, with a VoNB Margin of 27.8%. Assets Under Management (AuM) expanded by 10% to INR 4,814.6 bn. The company maintained its leadership in Individual Rated Premium with a 22.6% private market share and demonstrated improved persistency, with a 70 bps rise in 13th-month persistency.

The results, reviewed by the Board Audit Committee and approved on October 24, 2025, reflect SBI Life's focus on customer-centricity and digital transformation, enhancing efficiency across its distribution network. The company's diverse product portfolio and multi-channel strategy, including bancassurance and agency, contributed to its sustained growth and market penetration.