SBI Life Insurance Q3 FY25: Strong Revenue, Profit & Growth in AUM

SBI Life Insurance Q3 FY25: Strong Revenue, Profit & Growth in AUM

SBI Life Insurance Company Ltd: Overview 

SBI Life Insurance, one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions. Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike. SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,086 offices, 25,949 employees, a large and productive network of about 241,251 agents, 77 corporate agents and 14 banc assurance partners with more than 41,000 partner branches, 144 brokers and other insurance marketing firms. In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.   

Business Segments 

• Non-Participating Products: The Non-Participating segment comprises of individual savings, group savings and protection segments. These products cover the insured for a specific period and the insured do not participate in the surplus of the underlying investment pool. This segment includes Individual savings, group savings, protection, etc.  

• Participating Products: Participating life insurance products are products where the insured participates in the surplus from the segment during the term of the contract. These are savings cum protection products that provide a guaranteed sum assured and long term returns through participation in surplus. 

• Linked Products: Linked products provide the benefit of investment as well as protection. They provide returns directly linked to the performance of the underlying funds and have a transparent charge structure which is explicitly stated at the outset. The investment risk on these products is borne by the policyholder. This segment also includes a fund based group gratuity, superannuation and leave encashment product for employers. 

Subsidiary Information 

SBI Life Insurance Company Ltd has no subsidiary or investments in companies. It is a subsidiary of its parent company SBI. 

Q3 FY25 & Business Highlights 

• Revenue of ₹18862 crore in Q3 FY25 up by -52% YoY from ₹39033 crore in Q3 FY24.  

• EBITDA of ₹596 crore in this quarter at a margin of 3% compared to 1% in Q3 FY24. 

• Profit of ₹551 crore in this quarter compared to a ₹322 crore profit in Q3 FY24. 

• AUM stands at 4.4 trillion with 19% growth, individual New Business Sum Assured stands at 1,815 billion with 33% growth. 

• The Company has strong distribution network of 309,590 trained insurance professionals consisting of Agents, CIFs and SPs along with widespread operations with 1,086 offices across country. 

• Robust solvency ratio of 2.04 as on December 31, 2024 as against the regulatory requirement of 1.50 indicating strong financial position of the Company. 

• The sales through bank channels contributed about 56%, Agency 21% and other channels had contributed 22%. 

Financial Summary 

INR Cr.	Q3 FY24	Q3 FY25	FY23	FY24
Revenue	39033	18862	80636	131988
Expenses	38631	18266	80514	131742
EBITDA	352	593	122	246
OPM	1%	3%	0%	0%
Net Profit	322	551	1721	1894
NPM	0.8%	2.9%	2.1%	1.4%
EPS	3.21	5.5	17.2	18.9