SBI Life posts 11% growth in Q2 net profit
SBI Life Insurance has unveiled an impressive 11% net profit growth year-on-year for the September 2026 quarter, alongside an 8.2% rise in net premium income. Looking ahead, the company recorded a robust 17% net profit increase for the first half of FY27 and anticipates ongoing growth in individual rated premium this financial year. Additionally, the improvement in SBI Life's solvency ratio further solidifies its strong financial standing.
Mumbai: SBI Life Insurance reported an 11% year-on-year increase in net profit to ₹549 crore for the quarter ended September 2026, compared with ₹495 crore in the year-ago period.
Net premium income rose 8.2% to ₹2,688 crore in the second quarter of FY27 from ₹2,485 crore a year earlier. For the first half of FY27, net profit rose 17% to ₹1,274 crore from ₹1,089 crore in the year-ago period.
Net premium income increased 11.7% to ₹4,696 crore from ₹4,203 crore.
Read more: Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoY
SBI Life's solvency ratio stood at 1.97 as of September 2026, compared with 1.94 a year earlier.
Annualised Premium Equivalent (APE) grew by 18% in the first half of the financial year to ₹11,750 crore while individual rated premium rose 12%.
Read more : Jio’s big-bang listing may give it stock market’s No.2 crown after Reliance Industries
The company expects individual rated premium to grow 14-15% in the current financial year, maintaining its full-year outlook despite quarter-to-quarter variations in business momentum.
Related Stories
Park Medi World Q2 Results: Stock falls 8% after profit, margins come under pressure
Shares of Park Medi World 7.7% to hit an intraday low of ₹236.01 apiece. The stock is up 1% in the past month, has declined 4% in the last six months but has gained 58.3% in 2026, so far.
Hitachi Energy soars 12%: Motilal upgrades, Jefferies sees 48% upside – Time to Buy?
Hitachi Energy shares jump 12% after strong Q2 results as Jefferies sees 48% upside and Motilal Oswal upgrades the stock to Buy.
LIC, Meesho, Coforge stocks on radar amid MSCI Nov rejig; what charts say?
Hitesh Tailor of Choice Broking sees a favourable chart setup for Coforge and Meesho, while flagging that the LIC stock seems trapped in a trading range.