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Economic Times
2 days ago
- Business
- Economic Times
Navigating Growth: Insights into the Life Insurance Sector
Sector Performance and Outlook Top Companies Analysts Recommend Based on Upside Potential Company Name Current Price Stock Score Recommendation Upside Potential Target Price Analyst Count Life Insurance Corporation Of India Rs. 964.8 8 Buy 12% Rs. 1,080.00 20 HDFC Life Insurance Company Rs. 765.1 7 Buy 8% Rs. 819.00 33 SBI Life Insurance Company Rs. 1,799.9 8 Buy 8% Rs. 1,940.00 32 Live Events Life Insurance Corporation Of India HDFC Life Insurance Company SBI Life Insurance Company (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The life insurance sector has demonstrated remarkable resilience and growth potential in recent times. With a significant increase in performance over the past year, the sector is poised for further expansion. The recent repo rate cut by the Reserve Bank of India is expected to stimulate economic growth, enhancing liquidity and lowering borrowing costs for consumers and businesses. This policy shift is likely to boost lending activities and increase consumer spending, particularly benefiting small and medium enterprises(SMEs)and the insurance the sector continues to evolve, the positive sentiment among investors is reflected in the upward trajectory of stock prices. The overall outlook for the life insurance sector remains optimistic, with analysts projecting a healthy growth trajectory driven by increased demand for insurance products and services. The potential for credit growth and financial stability further supports this positive outlook, creating a conducive environment for investment and a maximum potential upside of 12% and a minimum of 8%, the sector is attracting attention from investors looking for growth opportunities. The combination of favorable economic policies and a growing awareness of the importance of life insurance is expected to drive the sector's performance in the coming years. Life Insurance Corporation of India is a prominent insurance company engaged in providing a wide range of life insurance products both in India and internationally. The company offers individual and group insurance solutions, including participating, non-participating, and unit-linked products. With a diverse portfolio that includes protection, pension, savings, investment, annuity, health, and variable products, LIC has established itself as a leader in the insurance recommend a 'Buy' for LIC, with a target price of Rs. 1,080.00, indicating a potential upside of 12%. The company's latest financial performance shows a sales figure of Rs. 339,305.63 Cr and a PAT of Rs. 20,895.05 Cr, reflecting a year-on-year PAT growth of 38.58% and a sales growth of 5.2%. Despite some fluctuations in the stock price over the past year, the overall outlook remains positive due to strong fundamentals and growth potential. HDFC Life Insurance Company Ltd is a leading life insurance provider in India, offering a comprehensive range of individual and group insurance solutions. The company's product portfolio includes protection, pension, savings, investment, annuity, and health plans. HDFC Life is known for its innovative products and customer-centric approach, catering to the diverse needs of its a stock score of 7, HDFC Life is also recommended as a 'Buy' with a target price of Rs. 819.00, presenting an upside potential of 8%. The latest financial results indicate sales of Rs. 24,661.87 Cr and a PAT of Rs. 392.02 Cr, with a year-on-year PAT growth of 2.7%. Although there has been a slight decline in sales growth, the company's strong market position and brand reputation continue to support its growth trajectory. SBI Life Insurance Company Limited is a prominent player in the Indian life insurance market, offering a wide array of life insurance products. The company operates through various segments, including participating, non-participating, and linked insurance products. SBI Life is recognized for its robust distribution network and innovative product offerings, catering to both individual and group have rated SBI Life as a 'Buy' with a target price of Rs. 1,940.00, indicating an upside potential of 8%. The company's latest financial performance shows sales of Rs. 23,630.97 Cr and a PAT of Rs. 429.07 Cr, with a year-on-year PAT growth of 18.05%. Despite a decline in sales growth, SBI Life's strong fundamentals and market presence position it well for future growth.
Business Standard
25-04-2025
- Business
- Business Standard
SBI Life rallies after Q4 PAT rises to Rs 814 crore
SBI Life Insurance Company jumped 4.48% to Rs 1,681 after the company's net profit rose marginally to Rs 813.51 crore in Q4 FY25 as against Rs 810.80 crore posted in Q4 FY24. However, total income dropped 35.66% YoY to Rs 24,169.41 crore in the quarter ended 31 March 2025. On a sequential basis, the company's net profit and revenue jumped by 47.69% and 30.34%, respectively, compared to Q3 FY25. The life insurer's net premium income declined 4.99% YoY to Rs 23,860.71 crore in Q4 FY25. However, the company reported a loss of Rs 1,040.83 crore from investments in the March quarter of FY25, compared to an investment income of Rs 10,811.70 crore in the same period of FY24. On a full-year basis, the company's net profit jumped by 27.43% to Rs 2,413.30 crore despite an 11.69% decline in total income to Rs 1,17,118.67 crore in FY25 over FY24. The companys net worth grew by 14% YoY to Rs 16,980 crore in FY25 as compared to Rs 14,910 crore recorded in FY24. SBI Life reported a robust solvency ratio of 1.96 as on 31 March 2025 as against the regulatory requirement of 1.50 indicating strong financial position of the company. Assets under management (AuM) grew by 15% YoY to Rs 4,48,040 crore as of 31 March 2025, with a debt-equity mix of 61:39. Over 94% of the debt investments are in AAA and sovereign instruments. Value of new business (VoNB) increased by 7% YoY to Rs 5,950 crore for FY25. VoNB margin reduced to 27.8% in FY25 as against 28.1% recorded in FY24. New business premium (NBP) slipped 7% YoY to Rs 35,580 crore in FY25. Gross written premium (GWP) grew 4% to 84,980 crore in FY25, mainly due to 11% growth in new business regular premium (RP) and 14% growth in renewal premium (RP) in FY25. The companys total cost ratio for FY25 was at 9.7% as compared with 8.9% reported in FY24. The commission ratio was at 4.4% in FY25 as against 4% in FY24. Operating expense ratio for FY25 was 5.3% as against 4.9% in FY24. Annualized premium equivalent (APE) stood at Rs 21,420 crore, registering growth of 9% YoY. SBI Life recorded strong growth in 13th-month and 61st-month persistency (based on premium considering regular premium/limited premium payment under the individual category) in FY25 by 63 bps and 528 bps respectively, due to our focus on improving the quality of business and customer retention. SBI Life Insurance Company is carrying on the business of life insurance. The company's life insurance business comprises individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health, and microinsurance. Some of these policies have riders such as accident and disability benefit, level term, and critical illness.
Business Standard
24-04-2025
- Business
- Business Standard
SBI Life Q4 PAT rises to Rs 814 crore; net premium income slides 5%
SBI Life Insurance Company's net profit rose marginally to Rs 813.51 crore in Q4 FY25 as against Rs 810.80 crore posted in Q4 FY24. However, total income dropped 35.66% YoY to Rs 24,169.41 crore in the quarter ended 31 March 2025. On a sequential basis, the company's net profit and revenue jumped by 47.69% and 30.34%, respectively, compared to Q3 FY25. The life insurer's net premium income declined 4.99% YoY to Rs 23,860.71 crore in Q4 FY25. However, the company reported a loss of Rs 1,040.83 crore from investments in the March quarter of FY25, compared to an investment income of Rs 10,811.70 crore in the same period of FY24. On a full-year basis, the company's net profit jumped by 27.43% to Rs 2,413.30 crore despite an 11.69% decline in total income to Rs 1,17,118.67 crore in FY25 over FY24. The companys net worth grew by 14% YoY to Rs 16,980 crore in FY25 as compared to Rs 14,910 crore recorded in FY24. SBI Life reported a robust solvency ratio of 1.96 as on 31 March 2025 as against the regulatory requirement of 1.50 indicating strong financial position of the company. Assets under management (AuM) grew by 15% YoY to Rs 4,48,040 crore as of 31 March 2025, with a debt-equity mix of 61:39. Over 94% of the debt investments are in AAA and sovereign instruments. Value of new business (VoNB) increased by 7% YoY to Rs 5,950 crore for FY25. VoNB margin reduced to 27.8% in FY25 as against 28.1% recorded in FY24. New business premium (NBP) slipped 7% YoY to Rs 35,580 crore in FY25. Gross written premium (GWP) grew 4% to 84,980 crore in FY25, mainly due to 11% growth in new business regular premium (RP) and 14% growth in renewal premium (RP) in FY25. The companys total cost ratio for FY25 was at 9.7% as compared with 8.9% reported in FY24. The commission ratio was at 4.4% in FY25 as against 4% in FY24. Operating expense ratio for FY25 was 5.3% as against 4.9% in FY24. Annualized premium equivalent (APE) stood at Rs 21,420 crore, registering growth of 9% YoY. SBI Life recorded strong growth in 13th-month and 61st-month persistency (based on premium considering regular premium/limited premium payment under the individual category) in FY25 by 63 bps and 528 bps respectively, due to our focus on improving the quality of business and customer retention. SBI Life Insurance Company is carrying on the business of life insurance. The company's life insurance business comprises individual life and group business, including participating, non-participating, pension, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health, and microinsurance. Some of these policies have riders such as accident and disability benefit, level term, and critical illness. The scrip shed 0.41% to end at Rs 1,608.85 on the BSE.
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Business Standard
24-04-2025
- Business
- Business Standard
SBI Life Q4 results: Net profit increases marginally to Rs 814 crore
SBI Life's net premium income fell about 5% to Rs 23,861 crore as single premiums dropped nearly 73% while first-year premiums rose about 7% Reuters India's SBI Life Insurance Company posted flat year-on-year fourth-quarter profit on Thursday amid a slowdown in group insurance business. Profit rose 0.3% to Rs 814 crore ($95.5 million) for the quarter ended March 31 from Rs 810 crore a year earlier. Analysts said heightened competition in the group insurance category has affected SBI Life's premiums earned in the segment. Peers ICICI Prudential Life Insurance and HDFC Life Insurance reported a rise in quarterly profit, boosted by their group insurance offerings. SBI Life's net premium income fell about 5% to Rs 23,861 crore as single premiums dropped nearly 73% while first-year premiums rose about 7%. The company's value of new business (VNB), or expected profit from new policies - one of the key metrics for insurers - rose 10% year-on-year. Its annualised premium equivalent (APE) sales, which is the total value of all single- and recurring-premium policies, rose 2% to 54.5 billion rupees, as per a Reuters calculation. Demand for market or unit-linked insurance plans (ULIP) dropped as India's stock markets underwent a sharp correction. Market-linked insurance plans, which have a lower profit margin compared to term policies, accounted for 64% of SBI Life's overall product mix by individual APE during the fiscal year, compared with 60% in the previous fiscal year.
Business Standard
24-04-2025
- Business
- Business Standard
SBI Life Insurance Company standalone net profit rises 0.33% in the March 2025 quarter
Sales decline 5.00% to Rs 23860.71 crore Net profit of SBI Life Insurance Company rose 0.33% to Rs 813.51 crore in the quarter ended March 2025 as against Rs 810.80 crore during the previous quarter ended March 2024. Sales declined 5.00% to Rs 23860.71 crore in the quarter ended March 2025 as against Rs 25116.47 crore during the previous quarter ended March 2024. For the full year,net profit rose 27.43% to Rs 2413.30 crore in the year ended March 2025 as against Rs 1893.78 crore during the previous year ended March 2024. Sales rose 4.31% to Rs 84059.83 crore in the year ended March 2025 as against Rs 80587.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 23860.7125116.47 -5 84059.8380587.10 4 OPM % -1.88-3.14 - 1.600.50 - PBDT 900.63851.13 6 2692.602077.79 30 PBT 900.63851.13 6 2692.602077.79 30 NP 813.51810.80 0 2413.301893.78 27
