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SBI Life rises on subscribing initial investment in equity capital of Bima Sugam India Federation SBI Life is currently trading at Rs. 1576.00, up by 9.75 points or 0.62% from its previous closing of Rs. 1566.25 on the BSE. The scrip opened at Rs. 1566.25 and has touched a high and low of Rs. 1583.30 and Rs. 1566.25 respectively. So far 3635 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1935.00 on 03-Sep-2024 and a 52 week low of Rs. 1307.00 on 04-Jun-2024. Last one week high and low of the scrip stood at...
SBI Life rises on subscribing initial investment in equity capital of Bima Sugam India Federation
SBI Life rises on subscribing initial investment in equity capital of Bima Sugam India Federation
Source: Accord Fintech
2024-11-12 11:33:46 am
Buy SBI Life Insurance or Target Rs. s 2,075 By Yes Securities Ltd RoEV seems to adjust lower but settles at a still healthy level Our view – Growth issues frustrate, while margin creditably sustains APE growth – APE growth was sluggish, held back by a digital push at SBI parent that seemed to disrupt BAU sales: New business APE grew 48.1%/3.1% QoQ/YoY. The bancassurance channel APE growth was slow at 3.3% YoY for the quarter. Bancassurance growth has slowed since, at SBI parent, the company is trying to shift business to customer-initiated...
Buy SBI Life Insurance or Target Rs. s 2,075 By Yes Securities Ltd
Buy SBI Life Insurance or Target Rs. s 2,075 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-11-05 03:42:01 pm
Buy SBI Life Insurance Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd VNB margins contract due to shift in product mix Focus on protection and non-par to improve margins in FY25E * SBI Life Insurance (SBILIFE) reported a weak performance in 2QFY25. APE grew 3% YoY to INR53.9b (11% miss). For 1HFY25, it grew 9% YoY to INR90.3b. ? Absolute VNB declined 3% YoY to INR14.5b (14% miss). For 1HFY25, it grew 3% YoY to INR24.2b. The management expects VNB growth to remain in the range 12-15% in FY25. * VNB margins came in at 26.9% vs. 28.5% in 2QFY24 and 26.8% ...
Buy SBI Life Insurance Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd
Buy SBI Life Insurance Ltd For Target Rs.2,100 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-11-04 05:34:39 pm
Views on SBI Life Insurance Co. Ltd. H1FY25 Results by Manish Chowdhury, Head of Research, Stoxbox Below the Views on SBI Life Insurance Co. Ltd.  H1FY25 Results by Manish Chowdhury, Head of Research, Stoxbox   - Gross Written Premium (GWP) stood at Rs. 35,990 crores, up 7% YoY, mainly due to 11% growth in New Business Regular Premium (RP) and 16% growth in Renewal Premium (RP) in H1FY25. While Annualized Premium Equivalent (APE) stood at Rs. 9,030 crores, up 9% YoY. - Assets under Management stood at Rs. 4,38,950 crores in H1FY25 compared to Rs. 3,45,150 crores in H1...
Views on SBI Life Insurance Co. Ltd. H1FY25 Results by Manish Chowdhury, Head of Research, Stoxbox
Views on SBI Life Insurance Co. Ltd. H1FY25 Results by Manish Chowdhury, Head of Research, Stoxbox
Source: StoxBox
2024-10-27 06:06:52 pm
Indian insurer SBI Life`s Q2 profit rises on higher investment income India's SBI Life Insurance Company reported a nearly 40% year-on-year rise in second-quarter profit on Wednesday, helped by higher investment income and sustained demand for insurance products. SBI Life said its profit rose to 5.29 billion rupees ($62.92 million) for the quarter ended Sept. 30, from 3.8 billion rupees a year earlier. Net premium income rose 1% to 202.66 billion rupees, while investment income more than doubled to 197.53 billion rupees. SBI Life's annualised p...
Indian insurer SBI Life`s Q2 profit rises on higher investment income
Indian insurer SBI Life`s Q2 profit rises on higher investment income
Source: Reuters
2024-10-23 04:52:16 pm
Buy SBI Life Insurance Ltd For Target Rs.1990 By Yes Securities Our view – Margins come under pressure due to unfavorable product mix but APE growth was healthy VNB margin – Calculated VNB margin has contracted sequentially on the back of unfavourable product mix, among other factors: Calculated VNB margin for 1QFY25 fell -168bps QoQ and -206bps YoY to 26.6% (on effective tax rate basis). The reason for the YoY decline were increase in share of ULIP business, Lower share of protection business and for a specific period, for non-par savings ...
Buy SBI Life Insurance Ltd For Target Rs.1990 By Yes Securities
Buy SBI Life Insurance Ltd For Target Rs.1990 By Yes Securities
Source: Yes Securities Ltd.
2024-08-02 12:34:18 pm
Buy SBI Life Insurance Ltd For Target Rs. 1990 by Yes Securities Our view – Margins come under pressure due to unfavorable product mix but APE growth was healthy VNB margin – Calculated VNB margin has contracted sequentially on the back of unfavourable product mix, among other factors: Calculated VNB margin for 1QFY25 fell -168bps QoQ and -206bps YoY to 26.6% (on effective tax rate basis). The reason for the YoY decline were increase in share of ULIP business, Lower share of protection business and for a specific period, for non-par savings ...
Buy SBI Life Insurance Ltd For Target Rs. 1990 by Yes Securities
Buy SBI Life Insurance Ltd For Target Rs. 1990 by Yes Securities
Source: Yes Securities Ltd.
2024-08-01 03:19:58 pm
Buy SBI Life Insurance For Target Rs.1,900 By Motilal Oswal Financial Services Gross premium in line; VNB margin contracts to 26.8% Focus on protection and non-par to improve margins in FY25E * SBI Life Insurance (SBILIFE) reported a decent performance in 1QFY25. APE grew 20% YoY (in line) to INR36.4b, whereas absolute VNB grew 11.5% YoY (a marginal miss of 2.4%) to INR9.7b during the quarter. * Strong growth in ULIPs and a blip in protection sales led to a contraction in VNB margin for 1QFY25. VNB margin came in at 26.8% vs. 28.8% in 1QFY24 (our estimate at 27...
Buy SBI Life Insurance For Target Rs.1,900 By Motilal Oswal Financial Services
Buy SBI Life Insurance For Target Rs.1,900 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-30 02:20:52 pm
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit SBI Life Insurance Company is currently trading at Rs. 1680.00, up by 45.90 points or 2.81% from its previous closing of Rs. 1634.10 on the BSE. The scrip opened at Rs. 1649.45 and has touched a high and low of Rs. 1683.80 and Rs. 1648.45 respectively. So far 11914 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,683.80 on 25-Jul-2024 and a 52 week low of Rs. 1251.30 on 03-Aug-2023. Last one week high and low ...
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit
SBI Life Insurance Company soras on reporting 36% rise in Q1 net profit
Source: Accord Fintech
2024-07-25 10:27:08 am
India's SBI Life posts higher Q1 profit on demand for market-linked policies  India's SBI Life Insurance Company posted a 36% rise in first-quarter profit on Wednesday, as premiums were boosted by strong demand for market-linked products. The insurer's profit rose to 5.2 billion rupees ($62 million) for the three months ended June 30 from 3.81 billion rupees, a year earlier. Net premium income increased about 15%, while investment income rose 32%. Demand for market-linked insurance plans (ULIPs) has jumped sharply in recent quarters driven by a r...
India's SBI Life posts higher Q1 profit on demand for market-linked policies
India's SBI Life posts higher Q1 profit on demand for market-linked policies
Source: Reuters
2024-07-24 04:40:59 pm
LIC shares surge nearly 80 per cent in one year India's largest insurance company, LIC's shares railed 78 per cent over the last one year, following strong operational performance or positive sentiment for PSU shares among the investors.   LIC (Life Insurance Corporation of India) share price was Rs 1,101 at 12:30 p.m. on Thursday, which was Rs 620 on July 18, 2023. The company's revenue in the financial year 2023-24 has been Rs 8.46 lakh crore, which was Rs 7.84 lakh crore in the financial year 2022-23. During this p...
LIC shares surge nearly 80 per cent in one year
LIC shares surge nearly 80 per cent in one year
Source: IANS
2024-07-18 02:23:41 pm
SBI Life Insurance Company trades higher on reporting marginal rise in Q4 net profit SBI Life Insurance Company is currently trading at Rs. 1431.40, up by 8.15 points or 0.57% from its previous closing of Rs. 1423.25 on the BSE. The scrip opened at Rs. 1433.50 and has touched a high and low of Rs. 1435.30 and Rs. 1423.80 respectively. So far 8683 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1571.55 on 29-Feb-2024 and a 52 week low of Rs. 1130.20 on 04-May-2023. Last one week high and low of ...
SBI Life Insurance Company trades higher on reporting marginal rise in Q4 net profit
SBI Life Insurance Company trades higher on reporting marginal rise in Q4 net profit
Source: Accord Fintech
2024-04-30 11:29:58 am
Buy SBI Life Ltd. For Target Rs.: 1,750 - Emkay Global SBI Life reported a broadly in-line 9MFY24 performance , with APE coming ~2% above our estimates, while VNB margin logging at 28.1%, lower by ~0.4ppts, leading to 9M VNB of Rs40.4bn (in line with our estimate). Overall, the 9M VNB margin of 28.1% and VNB growth of 11% YoY are best-in-class among peers and are a testimony to Company’s strength in brand and distribution, coupled with its cost leadership. Despite the increase in share of ULIPs in the APE products mix (+4.7ppts YoY in 9M), ...
Buy SBI Life Ltd. For Target Rs.: 1,750 - Emkay Global
Buy SBI Life Ltd. For Target Rs.: 1,750 - Emkay Global
Source: Emkay Global
2024-04-27 09:44:37 am
India's SBI Life Insurance reports lower new business margin for FY 2024 India's SBI Life Insurance reported a weaker new business margin for the year ended March 31, hurt by a rising share of low-margin products amid shifting customer preferences. The value of new business (VNB) - the expected profit from new policies - rose 9.5% to 55.50 billion rupees ($666.1 million). The VNB margin contracted to 28.1% from 30.1% a year earlier. Life insurers have seen a rise in the share of low-margin unit-linked insurance plans (ULIPs) amid a strong domestic equity...
India's SBI Life Insurance reports lower new business margin for FY 2024
India's SBI Life Insurance reports lower new business margin for FY 2024
Source: Reuters
2024-04-26 04:56:03 pm
Add SBI Life Ltd For Target Rs.1,750 - Emkay Global SBI Life reported a broadly in-line 9MFY24 performance , with APE coming ~2% above our estimates, while VNB margin logging at 28.1%, lower by ~0.4ppts, leading to 9M VNB of Rs40.4bn (in line with our estimate). Overall, the 9M VNB margin of 28.1% and VNB growth of 11% YoY are best-in-class among peers and are a testimony to Company’s strength in brand and distribution, coupled with its cost leadership. Despite the increase in share of ULIPs in the APE products mix (+4.7ppts YoY in 9M), ...
Add SBI Life Ltd For Target Rs.1,750 - Emkay Global
Add SBI Life Ltd For Target Rs.1,750 - Emkay Global
Source: Emkay Global
2024-04-26 02:09:47 pm
Buy SBI Life Insurance Ltd For Target Rs. 1,825 By Yes Securities Our view – Product mix-driven margin compression and slower growth than guidance don’t necessitate change in overall stance While VNB margin has declined, it has not declined as much as product mix change dictates, ceteris paribus: VNB margin for 9MFY24 was 28.1% compared with 29.6% in 9MFY23. There was 200 bps negative impact YoY due to change in product mix, mainly towards ULIP. The negative impact of product mix was offset to some extent by margin enhancement within the prod...
Buy SBI Life Insurance Ltd For Target Rs. 1,825 By Yes Securities
Buy SBI Life Insurance Ltd For Target Rs. 1,825 By Yes Securities
Source: Yes Securities Ltd.
2024-04-07 10:10:07 am
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1600 - Religare Broking SBI Life Insurance Ltd  * SBILIFE has been in a steady uptrend from last more than 6 months, forming base on base pattern. * It has rebounded higher finding support around its previous neckline area with formation of bullish candlestick pattern. * Following price action and buoyancy in the insurance pack suggests price is set to surpass its previous swing high. * We thus recommend creating fresh longs in the mentioned range. Buy SBI Life Insurance Ltd CMP 1520.40;...
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1600 - Religare Broking
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1600 - Religare Broking
Source: Religare Broking Ltd
2024-03-07 09:29:19 am
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1590 - Religare Broking SBI Life Insurance Ltd * SBILIFE has been in a steady uptrend from last more than 10 months and currently trading at record high levels. * It has given a fresh breakout from the basing pattern with strong volumes. * Following price pattern and Bullish positioning of the momentum indicator suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned range. Buy SBI Life Insurance Ltd CMP 1508.45; Range 1505-1510; SL 1465; Target 1590 ...
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1590 - Religare Broking
Stock of the day : SBI Life Insurance Ltd For Target Rs. 1590 - Religare Broking
Source: Religare Broking Ltd
2024-02-19 10:13:23 am
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer Life Insurance Corporation of India reported a nearly 50% rise in third-quarter profit on Thursday, as it moved more money to a shareholders' fund. LIC, India's largest insurer, posted a profit after tax of 94.44 billion rupees ($1.14 billion) for the quarter ended Dec. 31, up from 63.34 billion rupees a year ago. The company transferred 76.92 billion rupees from its non-participating fund to a shareholders' fund for the quarter, it said. LIC had transferred 56.70 billion rupees i...
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer
Source: Reuters
2024-02-09 09:19:12 am
Private Life insurance industry reports strong growth in retail APE for October 2023; expect slowdown in growth during November 2023: Emkay Global Financial Services According to the latest Insurance report from Emkay Global Financial Services, the private life insurance industry clocked a robust 19.8% YoY Retail APE growth in Oct-23, on a favorable base of Oct-22 (up almost 3% YoY, owing to Diwali holidays). Owing to the stronger base of Nov-22 and Diwali festivities this year coming in November, Emkay Global Financial Services expects some slowdown in growth during Nov-23. With private players continuing to log robust growth momentum, the l...
Private Life insurance industry reports strong growth in retail APE for October 2023; expect slowdown in growth during November 2023: Emkay Global Financial Services
Private Life insurance industry reports strong growth in retail APE for October 2023; expect slowdown in growth during November 2023: Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-09 05:18:59 pm
Buy SBI Life Insurance Ltd For Target Rs.1,570 - Motilal Oswal Financial Services APE & VNB margins in line Maintains 20% APE growth and 28-30% VNB margin guidance * SBI Life Insurance (SBILIFE) reported in-line performance in 2QFY24. APE grew 33% YoY (in line) while VNB rose 20% YoY. Margin contracted 310bp YoY to 28.5% as product mix shifted towards ULIPs. PAT was flat YoY at INR3.8b (vs. our estimate of INR4.2b; 10% miss). * In terms of NBP, the Group Savings posted a healthy growth of 70% YoY, while Non-Par savings declined 6% YoY in 2QFY24. Protection and...
Buy SBI Life Insurance Ltd For Target Rs.1,570 - Motilal Oswal Financial Services
Buy SBI Life Insurance Ltd For Target Rs.1,570 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-03 12:48:29 pm
Buy SBI Life Insurance Ltd For Target Rs.1,720 - Yes Securities SBIL largely protects margin despite rise in the share of ULIP Result Highlights (See “Our View” for elaboration and insight) * VNB margin: Calculated VNB margin for 2QFY24 fell -22bps QoQ and -306bps YoY to 28.5% (on effective tax rate basis) * VNB growth: VNB growth was at 71.3%/20.2% QoQ/YoY where the YoY was driven by growth in APE * APE growth: New business APE grew 72.6%/33.1% QoQ/YoY driven higher YoY by ULIP, Group Protection and Group Savings * Expense cont...
Buy SBI Life Insurance Ltd For Target Rs.1,720 - Yes Securities
Buy SBI Life Insurance Ltd For Target Rs.1,720 - Yes Securities
Source: Yes Securities Ltd
2023-11-02 11:19:35 am
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services SBI Life achieved good results for H1FY24, with 20.9% YoY APE growth and VNB margins remaining intact at 28.6% (Emkay Est.: 28%; H1FY23: 31%) led to VNB standing at Rs23.6bn (+11.3% YoY)—a minor beat on our estimate. Against the backdrop of increased share of ULIP in the product mix (+6.4ppts YoY) and reduced share of non-par savings (-8.2ppts YoY), this margin softness is on expected lines. A notable feature of SBI Life’s playbook is that it continues its superb execution by leve...
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2023-10-31 12:07:49 pm
SBI Life Insurance Company gains on reporting rise in Q2 net profit SBI Life Insurance Company is currently trading at Rs. 1323.85, up by 21.30 points or 1.64% from its previous closing of Rs. 1302.55 on the BSE. The scrip opened at Rs. 1313.80 and has touched a high and low of Rs. 1329.45 and Rs. 1305.70 respectively. So far 11359 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1392.10 on 18-Sep-2023 and a 52 week low of Rs. 1039.25 on 20-Mar-2023. Last one week high and low o...
SBI Life Insurance Company gains on reporting rise in Q2 net profit
SBI Life Insurance Company gains on reporting rise in Q2 net profit
Source: Accord Fintech
2023-10-30 11:46:06 am
India`s SBI Life reports flat Q2 profit as higher expenses weigh India's SBI Life Insurance Co Ltd reported a near-flat quarterly profit on Friday as higher expenses offset a surge in premium income. SBI Life, one of India's largest life insurers, reported profit after tax of 3.8 billion rupees ($45.66 million) for the three months ended Sept. 30, compared with 3.77 billion rupees a year earlier. Net premium income rose 21.7% to 200.5 billion rupees from 164.77 billion rupees, while expenses surged 22.1%, mainly due to higher commissions and ...
India`s SBI Life reports flat Q2 profit as higher expenses weigh
India`s SBI Life reports flat Q2 profit as higher expenses weigh
Source: Reuters
2023-10-27 04:50:49 pm
India`s Bharti Group to buy out French partner AXA`s stake in JV Bharti Group will acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades.It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities.Bharti and AXA did not immediately respond to Reuter...
India`s Bharti Group to buy out French partner AXA`s stake in JV
India`s Bharti Group to buy out French partner AXA`s stake in JV
Source: Reuters
2023-10-12 10:13:04 am
SBI Life`s `Thanks a Dot` initiative launches yet another innovative lifesaving tool to emphasize the critical need for self-breast examination & early detection October is observed as Breast Cancer Awareness Month, it serves as a poignant reminder for every woman to make their health a priority and practise self-breast examination on a regular basis. In this pivotal month, SBI Life Insurance embarks on yet another year long journey enabling women to learn and form a habit of self-breast examination through its ?Thanks A Dot? initiative. As a part of the initiative, SBI Life has developed a new innovative tool to promote self-breas...
SBI Life`s `Thanks a Dot` initiative launches yet another innovative lifesaving tool to emphasize the critical need for self-breast examination & early detection
SBI Life`s `Thanks a Dot` initiative launches yet another innovative lifesaving tool to emphasize the critical need for self-breast examination & early detection
Source: PR Agency
2023-10-11 12:55:53 pm
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services Post the strong performance of Retail new business during Jul-Aug 2023, SBILIFE shares have not moved much, given investor concerns on such growth being a factor of ULIP-led growth and that, hence, margins are likely to come under pressure. However, our channel checks and discussions with the company suggest that these concerns are unfounded and that Company is well on track to deliver ~20% Retail APE growth in FY24 with VNB margin upholding at ~29%. Overall, SBILIFE?s franchise strengt...
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services
Buy SBI Life Insurance Ltd For Target Rs.1,690 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-09-16 02:27:10pm