SBI Life Insurance reported a net profit of ₹494.6 crore for the quarter ended September 30, 2025, down 6.6% from ₹529 crore in the same period last year. The company’s net premium income rose 22.6% year-on-year to ₹24,848.3 crore, supported by higher first-year and renewal premiums, which stood at ₹5,28,946 lakh and ₹14,00,283 lakh, respectively.
Total assets increased to ₹4,83,06,453 lakh, up from ₹4,42,15,438 lakh a year earlier.
The company’s expense ratio rose slightly to 11 percent from 10.57 percent in Q2 FY25. Investment income under the shareholders’ account grew to ₹32,233 lakh from ₹28,257 lakh in the year-ago quarter.
SBI Life’s solvency ratio was 1.94, compared with 2.04 a year ago. Persistency remained steady, with the 13th-month persistency ratio improving to 85.37 percent from 84.16 percent.
Linked individual life premiums recorded growth, rising to ₹10,15,639 lakh from ₹8,50,413 lakh in the same quarter last year.
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