SBI Life Insurance on Tuesday reported an 11.05 per cent year-on-year increase in its net profit to Rs 549.23 crore (yaani about Rs 5.49 billion) for the second quarter of FY27, backed by around 8 per cent growth in net premium income, according to its stock exchange filing reported by The Hindu BusinessLine. The insurer had posted a net profit of Rs 494.59 crore in the same quarter of FY26.

Source: The Hindu BusinessLine

Net premium income grew 8.17 per cent to Rs 26,877.70 crore, against Rs 24,848.31 crore a year earlier. First-year premium rose 8.81 per cent to Rs 5,755.86 crore and renewal premium increased 12.57 per cent to Rs 15,763.64 crore, while single premium fell 3.38 per cent to Rs 5,595.63 crore. Expenses of management rose 11.89 per cent to Rs 3,087.47 crore.

Rs 549.23 croreQ2 FY27 net profit, up 11.05%
Rs 26,877.70 croreQ2 net premium income, up 8.17%
Rs 1,274 croreH1 FY27 net profit, up about 17%
1.97Solvency ratio at September 2026

For the first half of FY27, net profit climbed about 17 per cent to Rs 1,274.17 crore from Rs 1,088.96 crore, and the solvency ratio stood at 1.97, comfortably above the regulatory minimum of 1.5, Elets BFSI reported from the same filing. Annualised Premium Equivalent (APE) grew 18 per cent in the first half to Rs 11,750 crore, while the Value of New Business (VoNB) rose 19 per cent to Rs 3,270 crore, with the VoNB margin at 27.9 per cent against 27.8 per cent a year earlier.

Source: Elets BFSI

The 13th-month persistency ratio improved to 87.6 per cent in the first half from 87.1 per cent, while the 61st-month persistency ratio fell to 58.7 per cent from 60.6 per cent, the filing showed.

What the management said

MD and CEO Amit Jhingran said the insurer remained focused during the first half on sustainable business growth, strengthening its distribution network and expanding insurance penetration, with a focus on customer-centric solutions, protection-led offerings and a diversified product portfolio. On the insurance regulator IRDAI's consultation paper on recalibrating the economics of insurance distribution, Jhingran called it a constructive step towards strengthening the ecosystem with a focus on policyholder interests and transparency, and said SBI Life would be the least impacted company — remarks reported by The Hindu BusinessLine from the earnings call.