SBI Life Insurance Company reports 45% rise in Q1 net profit

26 Jul 2023 Evaluate

SBI Life Insurance Company has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 44.96% rise in its net profit at Rs 381.04 crore for the quarter under review as compared to Rs 262.85 crore for the same quarter in the previous year. Net premium income of the company reported 18.74% rise at Rs 13104.49 crore for Q1FY24 as compared Rs 11036.02 crore for the corresponding quarter previous year.

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

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