Product mix shift to non-linked drives VNB beat

Company

25 Apr 2025 | 5 Min Read

SBI Life Insurance reported a 2% YoY growth in new business APE to INR54.5b.

Absolute VNB grew 10% YoY to INR16.6b, reflecting VNB margin of 30.5%.

Shareholder PAT remained flat YoY at INR8.1b in 4QFY25.

Management expects 13-14% individual APE growth in FY26.

The company expects to achieve a 5% shift toward traditional products in FY26.

Persistency ratios have shown improvement in FY25.