Mumbai: SBI Life Insurance reported an 11% year-on-year increase in net profit to ₹549 crore for the quarter ended September 2026, compared with ₹495 crore in the year-ago period.
Net premium income rose 8.2% to ₹2,688 crore in the second quarter of FY27 from ₹2,485 crore a year earlier. For the first half of FY27, net profit rose 17% to ₹1,274 crore from ₹1,089 crore in the year-ago period.
Net premium income increased 11.7% to ₹4,696 crore from ₹4,203 crore.
SBI Life's solvency ratio stood at 1.97 as of September 2026, compared with 1.94 a year earlier.
Annualised Premium Equivalent (APE) grew by 18% in the first half of the financial year to ₹11,750 crore while individual rated premium rose 12%.
The company expects individual rated premium to grow 14-15% in the current financial year, maintaining its full-year outlook despite quarter-to-quarter variations in business momentum.