SBI Life Insurance Net Profit Surges 71% in Q3

SBI Life Insurance Company delivered a steady quarter (Sep-Dec) by reporting a net profit of ₹550.82 crore, up 71.2% YoY as compared to ₹321.75 crore in the corresponding period a year ago.

Net premium income for Q3FY25 came at ₹24,828 crore, up 11% from ₹22,316 crore in the corresponding quarter a year ago. On a QoQ basis, its net premium income soared 22% from ₹20,266 crore reported by the insurer in Q2FY25.

Renewal Premium reached ₹14,468 crore clocking a sequential growth of 23% from ₹11,721 crore in Q2FY25. Single premium came at ₹4,079 crore, up from ₹3,776 crore in Q2FY25.