SBI Life Insurance Reports Strong FY25 Growth in Profit and Assets Under Management

SBI Life Insurance, a leading life insurer in India, reported a New Business Premium of Rs. 35,577 crores for the fiscal year ending March 31, 2025, marking a slight decline from Rs. 38,238 crores the previous year. Despite this, the company saw an 11% increase in regular premium income over the same period, underscoring steady growth in policyholder contributions. The protection segment also showed focus with the protection new business premium reaching Rs. 4,095 crores.

The insurer's financial health remains robust with a profit after tax (PAT) of Rs. 2,413 crores for the year ended March 31, 2025, reflecting a 27% increase from the prior year. SBI Life maintained a strong solvency ratio of 1.96, well above the regulatory minimum requirement of 1.50, indicating ample capital coverage against its underwriting risks.

Assets under Management (AUM) grew by 15% to Rs. 4,48,039 crores, supported by a conservative debt-equity allocation with 94% of debt investments rated AAA or sovereign. This prudent investment strategy aligns with the company's risk management practices critical for insurance firms managing large policyholder funds.

The company recorded growth across key performance indicators, including a 22.8% market share in individual rated premium at Rs. 19,354 crores, a 9% rise in Annualized Premium Equivalent (APE) to Rs. 21,417 crores, and a 43% increase in new business sum assured. Persistent improvement in policy retention rates and a Value of New Business (VoNB) growth of 7% further illustrate SBI Life's operational strengths.

SBI Life also benefits from a diverse distribution network comprising over 309,000 trained professionals and 1,110 offices countrywide. The multi-channel approach includes bancassurance, agency, corporate agents, brokers, and digital platforms, ensuring broad market penetration and accessibility.

This financial summary highlights SBI Life's ongoing ability to balance growth with risk management, sustaining competitive positions in India's life insurance market. The company's performance metrics such as Operating Return on Embedded Value of 20.2% and Indian Embedded Value growth of 21% showcase efficiency in capital utilization and business value creation.