FY24 Annual Result Announced for SBI Life Insurance Company Ltd.
SBI Life Insurance Company announced FY24 results: Financial Highlights: Private Market leadership in NBP of Rs 382.4 billion with 29% growth and 24.6% market share Private Market leadership in Individual NBP of Rs 238.3 billion with 14% growth and 25.8% market share Annualized Premium Equivalent (APE) stands at Rs 197.2 billion with growth of 17% Protection Annualized Premium Equivalent (APE) stands at Rs 21.0 billion with growth of 18% Annuity and Pension New Business stands at Rs 89.3 billion with 6% growth Value of New Business (VoNB) stands at Rs 55.5 billion with 9% growth VoNB Margin stands at 28.1% Operating Return on Embedded Value stands at 21.8% Profit After Tax (PAT) stands at Rs 18.9 billion with 10% growth Solvency ratio of 1.96 Assets under Management stands at Rs 3.9 trillion with 27% growth Result PDF26-04-2024