Gross premium in line; VNB margin contracts to 26.8%

Company
25 Jul 2024
5 Min read 
  • SBI Life Insurance reported a decent performance in 1QFY25 with APE and VNB in line with estimates.
  •  The VNB margin contracted to 26.8% in 1QFY25.
  •  ULIPs share in APE increased to 61% in 1QFY25.
  •  The company expects a strong recovery with new product launches.
  •  SBILIFE guided for 18-20% premium growth and ~28% VNB margin for FY25.
  •  Persistency improved across all cohorts.
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