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SBI Life Q3 Results: Cons PAT surges 71% YoY to Rs 551 crore, net premium income jumps 11%

GenevaTimes by GenevaTimes
January 17, 2025
in Business
Reading Time: 7 mins read
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SBI Life Q3 Results: Cons PAT surges 71% YoY to Rs 551 crore, net premium income jumps 11%
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SBI Life Insurance Company reported a 71% year-on-year (YoY) increase in its consolidated net profit for the December quarter, reaching Rs 551 crore compared to Rs 322 crore in the same period last year.

The company’s net premium income for Q3FY25 stood at Rs 24,828 crore, an 11% rise from Rs 22,316 crore in the corresponding quarter of the previous financial year.

The earnings were announced during market hours, leading to a 2.4% surge in SBI Life shares, which reached day’s high of Rs 1,550.95 on NSE following the announcement.

On a sequential basis, profit after tax (PAT) saw a 4% increase compared to Rs 529 crore reported in Q2FY25.

Meanwhile, net premium income rose by 22%, up from Rs 20,266 crore reported by the state life insurer in the July-September quarter.

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