SBI Life shares soar 10% on 7% jump in value of new business, AUM surges 15% to ₹4.5 lakh crore

The company on Thursday reported a marginal increase in profit after tax (PAT) to ₹813.5 crore for the three months ending March 2025.

The insurer had posted a PAT of ₹811 crore in the same quarter of the preceding fiscal year.

Total income during the January-March period declined to ₹24,169 crore from ₹37,567 crore logged in the year-ago financial year (FY24).

Net premium income in Q4 FY25 stood at ₹23,861 crore against ₹25,116 crore a year ago.

For the full year 2024-25, the company's net profit stood at ₹2,413 crore, marking a surge of 27% from the previous year; however, total income during the period dropped to ₹1,17,118 crore from ₹1,32,631 crore.

"FY25 was an exceptional year on every front. Standing at the intersection of regulatory changes, evolving customer needs and digital acceleration, we responded with resilience and conviction,” Amit Jhingran, MD & CEO of SBI Life, said.

SBI Life said it registered a growth of 7% in the value of new business (VNB) to ₹5,950 crore in FY25.

VNB is the present value of expected future earnings from new policies written during a specified period. It reflects the additional value expected to be generated through the writing of new policies during a specified period.

The assets under management (AUM) rose by 15% to ₹4.5 lakh crore as of March 31, 2025, and net worth increased by 14% to ₹16,980 crore as of March 31, 2025.

SBI Life said it has a robust solvency ratio of 1.96 as of March 31, 2025,, against the regulatory requirement of 1.50, indicating a strong financial position.

SBI Life Insurance was incorporated in October 2000 and was registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.