New Delhi, Apr 22 (PTI) SBI Life Insurance Company on Wednesday reported a marginal decline in profit to Rs 805 crore for the fourth quarter ended March 2026.
The insurer had earned a net profit of Rs 814 crore in the same quarter of the preceding fiscal.
Total income during the January-March period declined to Rs 5,658 crore from Rs 24,169 crore in the year-ago financial year (FY25), SBI Life said in a regulatory filing.
The decline in total income was largely due to a moderation in investment income during the quarter.
However, net premium income in Q4FY26 increased to Rs 27,684 crore as against Rs 23,861 crore a year ago.
For the full year 2025-26, the company's net profit also rose marginally by 2 per cent to Rs 2,470 crore as against Rs 2,413 crore in the previous fiscal.
However, total income during the period dropped to Rs 1,12,966 crore from Rs 1,17,118 crore recorded in the previous financial year.
SBI Life said it registered a growth of 12 per cent in the value of new business (VoNB) to Rs 6,667 crore in FY26.
VoNB 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 9 per cent to Rs 4.87 lakh crore as on March 31, 2026.
The company's solvency ratio continues to remain robust at 1.90 as of March 31, 2026, as against the regulatory requirement of 1.50, indicating a strong financial position.