{"id":102138,"date":"2023-04-27T12:02:00","date_gmt":"2023-04-27T06:32:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102138"},"modified":"2023-04-27T11:59:47","modified_gmt":"2023-04-27T06:29:47","slug":"sbi-life-q4-results-net-rises-marginally-to-rs-77-6-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sbi-life-q4-results-net-rises-marginally-to-rs-77-6-cr\/","title":{"rendered":"SBI Life Q4 results: Net rises marginally to Rs 77.6 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1627141541\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1128016455\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The largest private sector life insurer in an exchange filing said its first-year premium inched up to Rs 408.9 crore from Rs 385.3 crore, and renewal premium rose to Rs 398.6 crore from Rs 281.2 crore, of which single premium income increased to Rs 1,989.6 crore from Rs 1,743.3 crore during the reporting quarter.<\/p><p>The bottom line was impacted by the massive fall in investment income, which came down to Rs 118.6 crore from Rs 299.9 crore in the year-ago period, the company informed the exchanges. It was also impacted by higher expenses, which rose to Rs 95.8 crore from Rs 87.2 crore.<\/p><p>However, the official press release did not offer any quarterly numbers.<\/p><div class=\"trade-content_5\" id=\"trade-3724502790\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>For the full year, its new business premium rose to Rs 29,589 crore from Rs 25,457 crore in March 2022, boosted by regular premium, which increased 17 per cent. For the year, it earned a net income of Rs 1,721 crore.<\/p><p>Protection business rose 19 per cent to Rs 3,636 crore and individual new business premium rose 27 per cent to Rs 20,906 crore.<\/p><p>The company&#8217;s solvency ratio stood at 2.15x as against the regulatory requirement of 1.50x.<\/p><p>The value of new business grew 37 per cent to Rs 5,067 crore, with a robust margin of 30.1 per cent, up 420 bps for the year.<\/p><p>Assets under management stood at Rs 3,07,339 crore as of March-end, the company said.<\/p><div class=\"trade-after-content\" id=\"trade-3960963440\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins. The largest private sector life insurer in an exchange filing said its first-year premium inched up to Rs 408.9 crore from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-102138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI Life Q4 results: Net rises marginally to Rs 77.6 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=102138\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Life Q4 results: Net rises marginally to Rs 77.6 cr\" \/>\n<meta property=\"og:description\" content=\"SBI Life on Wednesday reported Rs 77.6 crore net income for the March quarter, marginally up from the Rs 67.2 crore it had booked in the 12 trailing months, despite higher premium and margins.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=102138\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T06:32:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/SBI-LIfe-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/SBI-LIfe-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=102138\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=102138\",\"name\":\"SBI Life Q4 results: Net rises marginally to Rs 77.6 cr - 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