SBI Life Insurance Company reports 18% rise in Q1 net profit

01 Aug 2022 Evaluate

SBI Life Insurance Company has reported results for first quarter ended June 30, 2022.

The company has reported rise of 17.79% in its net profit at Rs 262.85 crore for the quarter under review as compared to Rs 223.16 crore for the same quarter in the previous year. However, total income of the company decreased by 70.51% at Rs 4641.12 crore for Q1FY23 as compared Rs 15736.91 crore for the corresponding quarter previous year.

SBI Life Insurance Company is carrying on business of life insurance and annuity.

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