SBI Life Insurance Company FY26 Results: APE at ₹242.7 Bn, AUM Near ₹4.9 Tn, PAT at ₹24.7 Bn

SBI Life maintained its leadership in the private life insurance market. The company held a 25.5% share in Individual New Business Premium and 22.9% share in Individual Rated Premium.

Annualized Premium Equivalent (APE) reached ₹242.7 billion, growing 13% YoY, while Individual New Business Sum Assured jumped 61% to ₹4,463 billion.

Premiums and Revenue Rise

The company recorded strong growth across premium segments:

• New Business Premium (NBP): ₹425.5 billion (↑20%)
• Renewal Premium: ₹587.3 billion (↑19%)
• Gross Written Premium: ₹1,012.9 billion (↑19%)
• Individual New Business Premium: ₹297.8 billion (↑13%)

This growth was driven by higher demand and balanced product offerings across ULIPs, savings and protection plans.

Profitability and Value Creation

Key profitability indicators showed steady improvement:

• Profit After Tax: ₹24.7 billion (↑2%)
• Value of New Business (VoNB): ₹66.7 billion (↑12%)
• VoNB Margin: 27.5%
• Operating Return on Embedded Value: 19.7%

The company continued focusing on profitable growth and better customer retention.

Assets, Net Worth and Financial Strength

SBI Life strengthened its balance sheet during the year:

• Assets Under Management: ₹4.87 trillion (↑9%)
• Indian Embedded Value: ₹807.9 billion (↑15%)
• Net Worth: ₹190.8 billion (↑12%)
• Solvency Ratio: 1.90 (well above regulatory requirement)

Around 94% of debt investments are in AAA and sovereign instruments, reflecting a conservative investment strategy.

Read More: India’s Gold Imports Hit Record USD 71.98 Billion in FY26 Amid Price Surge.

Management Commentary

Management highlighted stronger demand supported by regulatory changes and increasing preference for protection products. The company aims to continue balancing growth, profitability and customer experience.

SBI Life Insurance Company Share Price Movement

SBI Life Insurance Company share price (NSE: SBILIFE) closed at ₹1,885.00 on April 22, 2026, down ₹26.60 (1.39%) for the day. The stock opened at ₹1,910.00, touched a high of ₹1,930.60, and a low of ₹1,880.00 during the session. Its 52-week high stands at ₹2,132.00, while the 52-week low is ₹1,601.00. The stock offers a dividend yield of 0.18%, with a quarterly dividend of ₹0.85 per share.

Conclusion

SBI Life delivered a steady FY26 performance with strong premium growth, rising assets and improving persistency. With solid solvency and distribution strength, the company remains well positioned for long-term growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.