Mumbai, Apr 24 (UNI) SBI Life Insurance Company Ltd on Thursday reported a 5.1 per cent year-on-year decline in total premium income to Rs 23,860 crore for the quarter ended March 31, 2025 (Q4FY25), weighed down by a sharp fall in single premium collections.
According to the company’s investor presentation, single premiums dropped significantly to Rs 4,462.55 crore in the March quarter, compared to Rs 7,709.56 crore in the same period last year. However, first year premiums registered a 7.3 per cent increase to Rs 4,858.69 crore, while renewal premiums grew 12.9 per cent to Rs 14,680 crore.
On a full-year basis, total premium income rose 4.3 per cent to Rs 84,059.83 crore in FY25, supported by a 10.9 per cent increase in renewal premiums to Rs 49,407.79 crore, which partly offset the 22 per cent decline in single premiums.
The insurer reported shareholders' profit before tax at Rs 1,105.83 crore for FY25, up from Rs 947.59 crore a year ago.
The solvency ratio remained strong at 1.96x as of March 31, 2025, in line with regulatory norms. The expense management ratio rose to 8.40 per cent in the fourth quarter, reflecting higher investments in digital infrastructure and distribution networks, the company said.
Persistency at the 13-month mark improved to 86.64 per cent, up from 85.76 per cent in the corresponding quarter last year.
SBI Life’s Value of New Business (VNB) for FY25 stood at Rs 59,500 crore. UNI BDN SSP