SBI Life Insurance Q2 FY26

SBI Life Insurance reported its financial results for the quarter ended September 30, 2025 (Q2 FY26), highlighting robust growth in core operations alongside a decline in net profit. Financial Performance: Net Premium Income increased significantly by 22.6% year-on-year (YoY) to ₹24,848.3 crore, driven by strong growth in both first-year and renewal premiums, which stood at ₹5,28,946 lakh and ₹14,00,283 lakh, respectively. Linked individual life premiums grew notably to ₹10,15,639 lakh from ₹8,50,413 lakh in Q2 FY25, indicating strong customer uptake in market-linked products. Net Profit for the quarter was ₹494.6 crore, marking a 6.6% decline from ₹529 crore in the corresponding period last year. Investment income under the shareholders’ account showed positive momentum, increasing to ₹32,233 lakh from ₹28,257 lakh YoY. Operational and Solvency Metrics: Expense Ratio saw a marginal increase to 11.00% from 10.57% in Q2 FY25. Solvency Ratio stood at 1.94, a decrease from 2.04 a year ago, yet remaining comfortably above the regulatory requirement. Persistency Ratios showed a stable trend. The crucial 13th-month persistency improved to 85.37% from 84.16%, demonstrating improved policy retention. The 61st-month persistency was reported at 56.24%. Total Assets grew to ₹4,83,06,453 lakh, up from ₹4,42,15,438 lakh a year earlier, underscoring the company’s expanding asset base. The results reflect strong premium collection and asset base expansion, while the focus remains on optimizing profitability and maintaining healthy persistency.