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SBI Life Q3 profit jumps 71% to ₹551 cr
Financial Express Kochi
|January 18, 2025
SBI LIFE INSURANCE, the country's largest private life insurer, on Friday posted a 71% year-on-year growth in third-quarter net profit at ₹551 crore led by healthy growth in fresh and renewal premiums.
Gross premium income of the life insurer registered an 11% year-on-year growth to ₹24,998 crore. Of this, the new business premium stood at ₹10,530 crore while the renewal premium stood at ₹14,468 crore. Net premium income (less reinsurance) stood at ₹24,828 crore in Q3FY25.
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