Q4FY22 Result Update - SBI Life Insurance - ICICI Direct

PAT ahead of estimates, premium growth in line.

- Gross premium growth at 12.1% YoY; individual NBP growth at 87% YoY

- VNB margins healthy at 25.9%, aided by product mix and rise in pricing

- PAT at Rs. 672 crore, up 26.3% YoY as actuarial liabilities, benefits paid fall

- AUM growth remains healthy at 21% YoY to Rs. 267410 crore

Key triggers for future price performance

- Launch of non-par & protection product to aid overall growth and VNB

- Scope for improvement in RoEV aided by increase in VNB margin ahead

- Strong distribution network remains core to maintain business momentum

- Improving persistency and healthy solvency to aid operating performance

For details, click on the link below: Link to the report

Shares of SBI Life Insurance Company Limited was last trading in BSE at Rs. 1107.90 as compared to the previous close of Rs. 1116.55. The total number of shares traded during the day was 87665 in over 4586 trades.

The stock hit an intraday high of Rs. 1132.10 and intraday low of 1066.60. The net turnover during the day was Rs. 96482810.00.

Source : Equity Bulls

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SBILifeInsuranceCompany INE123W01016 Q4FY22 ResultUpdate ICICIDirect