India's SBI Life Insurance Company posted a higher third-quarter profit on Friday, led by growth in renewed and new insurance policies.

SBI Life Insurance Company reported a net profit of ₹550.82 crore for Q3FY25, marking a 71.2% increase from ₹321.75 crore year-on-year. Sequentially, the profit rose by 4% from ₹529.42 crore in the previous quarter.

SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third quarter ended December.

The company’s net premium income for Q3 FY25 stood at Rs 24,827.5 crore, reporting an increase of 11 per cent from Rs 22,316.4 crore in the corresponding quarter in the year-ago period. Management expenses stood at Rs 2,

SBI Life Insurance reported a 71 per cent year-on-year (YoY) rise in net profit to Rs 550.82 crore in the December 2024 quarter of financial year 2025 (Q3FY25)

Out of 39 analysts tracking SBI Life, 33 have a 'buy' rating on the stock and four recommend a 'hold', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 25.3%. ADVERTISEMENT

SBI Life Insurance reported a 71% increase in net profit, reaching Rs 551 crore in Q3. The profit boost was driven by an uptick in new and renewal premiums, despite a drop in total income due to investment returns.

Results: Value of New Business (VNB) increased by 11.3% from the same quarter last year to ₹1,870 crore. The figure was in-line with expectations of ₹1,842 crore.

SBI Life Insurance reports strong financial growth with increased profit, premium, and assets under management in 2024.

The insurer's VNB margin, a measure of profitability for life insurance companies, remained at 26.9 per cent in Q3 FY25