SBI Insurance Company's shares tumble down more than 2.52 per cent ignoring strong Q3 FY25 results announced on Friday which revealed PAT (profit after tax), surged a whopping 71 per cent to Rs 551 crore in Q3 FY25.
The shares of the SBI Life Insurance went on to touch the day low level of Rs 1,487.30 per share on the exchange, after hitting the opening bell with decline at the Rs 1,547.80 per piece compared to closing level of in the last trading session.
SBI life insurance share were trading at Rs 1,501.65 per share on the NSE (National Stock Exchange), with decline of 2.52 per cent amounting to a Rs 38.85 per share on the bourses.
SBI Life Insurance Q3
In the October–December quarter of the fiscal year 2025 (Q3 FY25), SBI Life Insurance, the biggest private sector life insurer, reported a 71.22 per cent year-over-year (Y-o-Y) increase in net profit to Rs 550.8 crore, up from Rs 321.7 crore in the same period the previous year.
Value of New Business
In comparison to the same period last year, the value of new business (VNB), which is the present value of the future profits anticipated from new policies sold during a given year, increased by 11.3 per cent year over year to Rs 1,870 crore in Q3 from Rs 1,680 crore.
Exchange Filling
As a gauge of life insurance companies' profitability, the insurer's VNB margin stayed at 26.9 per cent in Q3 FY25, down from 27.4 per cent in the same period last year. Additionally, the margin was 26.9 per cent in Q2 of FY25.
New business premium
In Q3 of FY25, its new business premiums (NBP) climbed 8.11 percent year over year to Rs 10,530 crore from Rs 9,740 crore in the same period the previous year. At Rs 6,940 crore, its annualized premium equivalent (APE) increased 13.2 per cent year over year.
APE is the total of 10 per cent weighted single premiums, single premium top-ups, and annualized first-year regular premiums.
SBI Life reported a solvency ratio of 204 per cent in Q3 FY25, up from 209 per cent in the same period last year.
