SBI Life Insurance Company reports marginal rise in Q4 net profit

29 Apr 2024 Evaluate

SBI Life Insurance Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 4.37% rise in its net profit at Rs 810.80 crore for the quarter under review as compared to Rs 776.85 crore for the same quarter in the previous year. Net premium income of the company increased by 26.23% at Rs 25,116.47 crore for Q4FY24 as compared Rs 19,896.92 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 10.07% rise in its net profit at Rs 1,893.78 crore as compared to Rs 1,720.57 crore for the previous year. Net premium income of the company increased by 21.04% at Rs 80,587.10 crore for year under review as compared to Rs 66,581.00 crore for year ended March 31, 2023.


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