- SBI Life’s net income for the first quarter is 5.94 billion rupees, a 14% increase compared to the previous year and surpassing the estimate of 5.7 billion rupees.
- Net premium income reached 171.8 billion rupees, marking a 14% rise year-over-year, slightly below the estimate of 174.19 billion rupees.
- The first-year premium income grew by 12% to 35.4 billion rupees, exceeding the estimated 34.29 billion rupees.
- Renewal premium income saw a substantial increase of 24%, totaling 105.5 billion rupees, surpassing the estimate of 97.34 billion rupees.
- Single premium income declined by 4.1% to 37.3 billion rupees, not meeting the estimate of 43.68 billion rupees.
- Total costs stood at 382.3 billion rupees, increasing by 13% compared to the previous year.
- Analyst recommendations include 35 buy ratings, 2 hold ratings, and no sell ratings for SBI Life.
A look at SBI Life Insurance Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, SBI Life Insurance Co Ltd is positioned for long-term growth and resilience. With strong ratings in Growth and Resilience factors, the company shows promise in expanding its market presence and navigating challenges effectively. Although Value and Dividend scores are moderate, the high scores in Growth and Resilience indicate a positive outlook for SBI Life Insurance Co Ltd.
SBI Life Insurance Company Limited, a financial services provider in India, offers a range of products and services including claims, general insurance, online banking, retirement plans, tax calculators, and policy revival services. With a focus on customer service, SBI Life Insurance is well-positioned to capitalize on the growth and resilience factors highlighted in the Smart Scores, suggesting a promising long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
