SBI Life Insurance Company Limited reported standalone second-quarter profit of Rs 549.23 crore, up 11% year over year but down 24% from the June quarter, in unaudited results approved Oct. 27.
The company’s results filing showed profit after tax was 11.05% higher than the Rs 494.59 crore reported for the quarter ended Sept. 30, 2025. It was 24.24% below the Rs 724.93 crore recorded in the quarter ended June 30, 2026.
Net premium income increased 8.17% to Rs 26,877.70 crore from Rs 24,848.31 crore a year earlier. For the six months ended Sept. 30, profit after tax rose 17% to Rs 1,274.17 crore from Rs 1,088.96 crore in the year-earlier period.
In a press release, SBI Life reported a solvency ratio of 1.97 as of Sept. 30, against a stated regulatory requirement of 1.50. The company said gross written premium reached Rs 48,400 crore in the first half, up 13%. New business premium grew 10%, while renewal premium grew 15%.
The board outcome set an electronic voting window from Nov. 4 to Dec. 3 on the proposed appointment of Nihar Niranjan Jambusaria as an independent director.
