{"id":135046,"date":"2022-10-21T13:15:48","date_gmt":"2022-10-21T17:15:48","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135046"},"modified":"2022-10-21T13:15:50","modified_gmt":"2022-10-21T17:15:50","slug":"sbi-life-insurance-company-q2fy23-results-out-net-profit-rises-53","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/sbi-life-insurance-company-q2fy23-results-out-net-profit-rises-53\/","title":{"rendered":"SBI Life Insurance Company Q2FY23 results out: Net Profit rises 53%"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">On Friday, SBI Life Insurance reported a 53 percent jump in its net profit for second-quarter, helped by a rise in premiums and as its value of new business grew. Insurance penetration has traditionally been low in India, but that is slowly changing, especially as more people rushed to buy new policies after the pandemic.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">The new business premium increased by 8.1 percent at INR 7,500 crore vs INR 6,940 crore year-on-year. The annualized premium equivalent (APE) was 1.3 percent down at INR 3,930 crore versus INR 3,980 crore year-on-year. The value of new business (VNB) was 24 percent up at INR 1,240 crore versus INR 1,000 crore year-on-year. The VNB margin stood at 31.5 percent versus 25.1 percent year-on-year.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">&#8220;The company has maintained its leadership position in Individual Rated Premium of INR 60.5 billion with 23.7 percent private market share in H1 FY 23,&#8221; SBI Life said in an exchange filing. Its assets under management (AUM) rose by 16 percent year-on-year (YoY) to INR 2,826.3 billion in Q2 with a debt-equity mix of 71:29. The insurer&#8217;s protection individual new business premium registered a growth of 17 percent and stood at INR 434 crore in Q2.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"847\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-847x1024.png\" alt=\"\" class=\"wp-image-135047\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-847x1024.png 847w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-248x300.png 248w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-768x928.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-1271x1536.png 1271w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/6b40723f-a524-49cf-acd0-c1304f34d854-1695x2048.png 1695w\" sizes=\"auto, (max-width: 847px) 100vw, 847px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, SBI Life Insurance reported a 53 percent jump in its net profit for second-quarter, helped by a rise in premiums and as its value of new business grew. Insurance penetration has traditionally been low in India, but that is slowly changing, especially as more people rushed to buy new policies after the pandemic. [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,1],"tags":[10503,9970,10504],"class_list":["post-135046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-finance-stocks","tag-health-insurance","tag-life-insurance","tag-premium"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135099,"url":"https:\/\/alphastreet.com\/india\/bajaj-finserv-q2fy23-results-out-net-profit-soars-by-39\/","url_meta":{"origin":135046,"position":0},"title":"Bajaj Finserv Q2FY23 results out: Net profit soars by 39%","author":"Chirag Gupta","date":"October 25, 2022","format":false,"excerpt":"On Tuesday, Bajaj Finserv reported its earnings for the quarter ended September 2022. The net sales at INR 20,803.22 crore in September 2022, up by 15.52% from INR 18,008.22 crore in September 2021. The Quarterly Net Profit stood at INR 1,556.93 crore in September 2022, up by 38.75% from INR\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":178196,"url":"https:\/\/alphastreet.com\/india\/sbi-life-q3-profit-rises-to-inr-5-77-billion-narrowly-missing-estimates\/","url_meta":{"origin":135046,"position":1},"title":"SBI Life Q3 Profit Rises to INR 5.77 Billion, Narrowly Missing Estimates","author":"Staff Correspondent","date":"January 28, 2026","format":false,"excerpt":"SBI Life Insurance Company Ltd. (NSE: SBILIFE) on Wednesday reported a 5% rise in its third-quarter net profit, as a surge in premium collections and recent tax exemptions on individual policies offset a sharp increase in management expenses. The Indian private life insurer posted a net profit of INR 5.77\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142317,"url":"https:\/\/alphastreet.com\/india\/torrent-power-reported-a-88-percent-jump-in-q3fy23-net-profit\/","url_meta":{"origin":135046,"position":2},"title":"Torrent Power reported a 88 percent jump in Q3FY23 net profit","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"Torrent Power Ltd on Tuesday reported an 88% jump in net profit at INR 694.5 crore for the third quarter that ended December 31, 2022. Net profit for the year-ago period was INR 369.4 crore. During the quarter, total revenue stood at INR 6,442.8 crore, up 71 per cent against\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":136387,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-q2fy23-results-out-net-profit-slumps-by-11\/","url_meta":{"origin":135046,"position":3},"title":"Muthoot Finance Q2FY23 results out: Net profit slumps by 11%","author":"Chirag Gupta","date":"November 10, 2022","format":false,"excerpt":"Muthoot Finance reported a net profit of INR 892 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of INR 990 crore a year same quarter -- registering a decline of 11%. However, sequentially, the Q2 PAT climbed by 8.13% from INR 802 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138864,"url":"https:\/\/alphastreet.com\/india\/union-bank-q3fy23-results-out-net-profit-soared-by-107\/","url_meta":{"origin":135046,"position":4},"title":"Union Bank Q3FY23 results out; Net profit soared by 107%","author":"Chirag Gupta","date":"January 20, 2023","format":false,"excerpt":"Union Bank of India reported more than double year-on-year growth in its net profit for the quarter that ended December 31, 2022, to INR 2,234 crore. The bank reported more than double net profit alongside healthy asset quality figures. The lender recorded a net profit of INR 2,234 crore, doubling\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142828,"url":"https:\/\/alphastreet.com\/india\/tridents-q3fy23-net-profit-declines-by-32-percent\/","url_meta":{"origin":135046,"position":5},"title":"Trident&#8217;s Q3FY23 net profit declines by 32 percent","author":"Chirag Gupta","date":"February 27, 2023","format":false,"excerpt":"Textiles firm Trident Ltd reported a 32 per cent decline in consolidated profit after tax to INR 144 crore in the third quarter ended in December 2022. The company had posted a consolidated profit after tax of INR 211 crore in the same quarter previous fiscal, Trident Ltd said in\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135046"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}