- SBI Life’s net income for the third quarter is 5.5 billion rupees, showing a 71% increase year-over-year, surpassing the estimated 4.36 billion rupees.
- Total costs experienced a significant decrease of 53% year-over-year, amounting to 182 billion rupees.
- Net premium income rose by 11% year-over-year, reaching 248.3 billion rupees.
- First Year Premium grew by 14% year-over-year to 64.5 billion rupees, beating the estimated 59.7 billion rupees.
- Renewal Premium also increased by 14% year-over-year, totaling 144.7 billion rupees, compared to the estimated 136.6 billion rupees.
- Single Premium saw a marginal growth of 0.5% year-over-year, coming in at 40.8 billion rupees, slightly above the estimated 40.17 billion rupees.
- For the nine-month period, SBI Life’s solvency ratio decreased slightly to 204% from 209% year-over-year.
- Market sentiment is generally positive, with 33 buy ratings, 4 hold ratings, and no sell ratings.
A look at SBI Life Insurance Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts using Smartkarma Smart Scores see a promising long-term outlook for SBI Life Insurance Co Ltd, with a high score for resilience and growth. The company, which offers a range of financial services including claims, online banking, retirement plans, and more, has received a top score for its ability to weather economic challenges and maintain stability. Additionally, SBI Life Insurance Co Ltd has been rated highly for its growth potential, indicating opportunities for expansion and development in the future.
Despite lower scores in areas such as value, dividend, and momentum, the overall outlook for SBI Life Insurance Co Ltd remains positive. Investors may view the company as a strong contender in the long run, given its solid performance in resilience and growth, which are crucial factors for sustained success in the competitive insurance industry.
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.
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