Overview

Detailed Summary

SBI Life Insurance Company Limited is a leading Indian life insurer offering individual and group life products, participating and non-participating savings, unit-linked products, pensions and annuities, credit life and protection solutions, distributed through bancassurance, agency, direct and digital channels, while managing a large Assets Under Management franchise to serve both policyholder and shareholder funds.
In FY26 SBI Life reported robust scale: gross written premium of INR1,012.9 billion, total new business premium INR425.5 billion, individual-rated new business of INR219 billion, VoNB of INR66.7 billion with a 27.5% margin, assets under management of INR4.9 trillion and embedded value of INR807.9 billion, reflecting broad-based growth across segments.
The company is actively rebalancing product mix away from heavy ULIP dependence toward higher-margin non-par, participating and protection products; par and protection recorded strong growth and management targets medium-term APE growth near 14% while maintaining VoNB margins in the mid-to-high twenties.
Management signalled prudent governance and transition planning: seeking regulatory forbearance for Ind AS adoption from April 1, 2027, absorbing GST and labour-code impacts into operating metrics, and highlighting persistency improvements, low misselling and high claim settlement ratios as differentiators that support resilient margins and customer trust.

Sector: Insurance
Industry: Life Insurance
Market Cap: 1,86,361 Cr
Volatility: Low Risk
P/E Ratio: 75.4
Industry P/E: 16.8
PEG Ratio: 4.4
P/B Ratio: 9.9
52W High: 2,132.90
52W Low: 1,503.70

Sales CAGR

1Y: -11.44%
3Y: 12.15%
5Y: 21.72%
10Y: 22.31%

Profit CAGR

1Y: 27.43%
3Y: 17.02%
5Y: 11.16%
10Y: 12.13%

ROE

TTM: 12.94%
3Y: 13.42%
5Y: 13.43%
10Y: 14.69%

ROCE

TTM: 0.55%
3Y: 0.54%
5Y: 0.57%
10Y: 0.68%

Technicals

‌

Forecasts

Unlock more with professional

Analyst Target, Price, EPS and Revenue Projections
Get In-depth insights on EPS and Revenue forecasts

Peers

Financial Services Financial Services Insurance Life Insurance

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SBILIFE		1920.00	1,89,024 Cr	76.52	9.90	0.14	12.94	0.55	0.49
HDFCLIFE		606.55	1,34,206 Cr	70.18	7.56	0.34	10.77	0.54	0.49
ICICIGI		1714.05	91,221 Cr	32.91	5.48	0.74	16.66	22.77	3.64
ICICIPRULI		513.50	81,913 Cr	50.94	6.03	0.29	11.80	0.50	0.50
GICRE		378.95	68,562 Cr	7.12	0.97	2.56	13.64	11.68	4.33
MFSL		1640.30	58,490 Cr	412.98	11.03	0.00	3.04	3.53	0.09
STARHEALTH		520.00	30,394 Cr	54.57	3.17	0.00	5.82	3.58	2.36
Median: 7 Co.	—	606.55	81,913 Cr	54.57	6.03	0.29	11.80	3.53	0.50

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	38,803	37,568	34,392	40,015	18,542	24,169	38,696	22,809	45,803	5,658
Expenses	38,466	35,858	33,774	39,549	18,195	22,606	38,228	22,609	45,376	3,464
Operating Profit	338	1,710	618	466	347	1,563	468	200	427	2,194
OPM %	0.87	4.55	1.80	1.16	1.87	6.47	1.21	0.88	0.93	38.78
Other Income	-8.50	-874	-83	81	225	-723	143	313	170	-1,378
Interest	—	—	—	—	—	—	—	—	—	—
Depreciation	—	—	—	—	—	—	—	—	—	—
Profit Before Tax	329	836	535	547	572	841	611	513	598	816
Tax %	—	—	—	—	—	—	—	—	—	—
Net Profit	322	811	520	529	551	814	594	495	577	805
EPS in Rs	3.20	8.08	5.17	5.27	5.48	8.10	5.93	4.93	5.75	8.02

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	30,276	33,761	44,261	43,843	82,085	83,027	81,598	1,32,631	1,17,129	1,21,423
Expenses	29,622	32,738	43,175	41,948	80,277	81,143	78,742	1,29,840	1,14,135	1,18,578
Operating Profit	654	1,023	1,087	1,895	1,807	1,884	2,856	2,791	2,994	2,844
OPM %	2.16	3.03	2.46	4.32	2.20	2.27	3.50	2.10	2.56	2.34
Other Income	320	162	286	-481	-265	-323	-1,098	-849	-500	-274
Interest	—	—	—	—	—	—	—	—	—	0.00
Depreciation	—	—	—	—	—	—	—	—	—	0.00
Profit Before Tax	975	1,184	1,373	1,414	1,542	1,561	1,758	1,942	2,495	2,570
Tax %	—	—	—	—	—	—	—	—	—	3.19
Net Profit	955	1,150	1,327	1,422	1,456	1,506	1,721	1,894	2,413	2,488
EPS in Rs	—	11.47	13.23	14.18	14.52	15.01	17.15	18.86	24.03	24.62
Dividend Payout %	15.71	17.39	15.07	0.00	17.18	13.30	14.55	14.29	11.22	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,001	1,001	1,002
Reserves	3,733	4,552	5,528	6,576	7,743	9,400	10,622	12,017	13,907	15,983
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	78,696	96,687	1,15,193	1,39,157	1,56,837	2,16,430	2,61,715	3,01,582	3,83,390	4,40,110
Total Liabilities	83,429	1,02,240	1,21,720	1,46,734	1,65,580	2,26,830	2,73,337	3,14,599	3,98,299	4,57,095
Fixed Assets	447	538	581	595	581	565	527	522	557	590
CWIP	146	31	70	32	13	1.49	2.81	1.07	5.74	10
Investments	77,843	95,830	1,14,436	1,39,325	1,58,813	2,18,756	2,64,832	3,04,334	3,85,590	4,47,467
Other Assets	4,993	5,840	6,633	6,782	6,172	7,507	7,976	9,742	12,146	9,028
Total Assets	83,429	1,02,240	1,21,720	1,46,734	1,65,580	2,26,830	2,73,337	3,14,599	3,98,299	4,57,095

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	5,778	8,525	10,395	13,473	19,299	23,878	21,852	28,656	29,122	25,547
Cash from Investing Activity	-7,204	-9,032	-8,910	-13,552	-16,986	-19,203	-21,611	-30,203	-31,221	-21,789
Cash from Financing Activity	-144	-144	-221	-241	-198	2.65	-231	-415	-227	-215
Net Cash Flow	-1,570	-651	1,264	-321	2,114	4,677	9.92	-1,962	-2,327	3,543

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	55.45%	55.44%	55.43%	55.42%	55.41%	55.39%	55.38%	55.38%	55.37%	55.36%	55.34%	55.33%
FIIs	26.22%	26.18%	25.92%	25.16%	24.71%	25.19%	22.48%	21.88%	22.34%	21.85%	21.88%	21.51%
DIIs	14.15%	14.28%	14.63%	15.41%	15.89%	15.32%	17.92%	18.68%	18.24%	18.70%	18.72%	19.13%
Public	4.18%	4.10%	4.02%	4.01%	3.99%	4.10%	4.22%	4.06%	4.05%	4.10%	4.05%	4.02%
Total Shareholders	3,58,088	3,49,407	3,38,525	3,35,114	3,45,541	3,35,864	3,74,916	3,63,505	3,55,321	3,57,764	3,52,496	3,54,662

Market Transactions

Unlock more with professional

Real-time bulk & block deal transactions
Export transaction data for analysis

Projection

Unlock more with professional

Analyst Target, Price, EPS and Revenue Projections
Get In-depth insights on EPS and Revenue forecasts

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY26

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Available on Pro Plan