VNB in line; margin improves QoQ

29 Apr 2024
5 Min read 
  • SBI Life Insurance reported decent performance in 4QFY24 with APE and VNB in line with estimates.
  •  The company is focusing on protection and non-par to improve margins in FY25.
  •  The financials and valuations show a positive outlook with expected CAGR in APE and VNB.
  •  The distribution mix includes banca, agency, and other channels.
  •  The management commentary highlights the company's focus on penetration and new product launches.
  •  Persistency improved across all cohorts except for the 37th month.
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