The December quarter turned out to be a steady one for SBI Life Insurance, with growth showing up across profits, premiums, and assets under management. The company’s Q3 performance highlights a clear pickup in business momentum, driven by higher premium collections and strong demand for new policies.
Let’s break down what shaped SBI Life Q3 results and what stood out during the quarter.
Market Performance Snapshot
During the third quarter ended December 31, 2025, SBI Life reported year-on-year growth across key operational metrics, reflecting sustained activity in the life insurance space.
The momentum seen during the quarter added strength to the company’s nine-month performance, supported by higher volumes and steady policy sales.
Main News: SBI Life Q3 Results at a Glance
Net Profit Performance
SBI Life posted a net profit of ₹577 crore in Q3, marking a 5% year-on-year increase.
- Q3 FY26 net profit: ₹577 crore
- Q3 FY25 net profit: ₹551 crore
- YoY growth: 5%
The rise in profitability came alongside higher premium income, even as operating costs increased during the period.
Premium Income Trends
Premium collections remained a key growth driver during the quarter.
- Net premium income: ₹30,245 crore
- Year-on-year growth: 22%
Breaking this down further:
- One-time premium receipts: up 24%
- Renewal premiums: up nearly 21%
This trend points to both strong new customer additions and solid retention of existing policies.
Cost Structure During the Quarter
Operating expenses rose sharply in Q3.
- Management expenses: ₹3,519 crore
- Increase: over 45% YoY
Key cost contributors:
- Commissions: up 28%
- Employee expenses: up 36.6%
Despite higher costs, the overall business scale helped absorb part of the pressure.
Assets Under Management (AUM) Growth
SBI Life continued to expand its investment book.
- AUM as of Dec 31, 2025: ₹5,117.1 billion
- AUM as of Dec 31, 2024: ₹4,416.8 billion
- Growth: 16%
Portfolio Mix
- Debt–equity allocation: 59:41
- Nearly 95% of the debt portfolio invested in AAA-rated and sovereign instruments
This reflects a continued focus on portfolio quality and stability.
New Business Momentum Builds
One of the strongest highlights of SBI Life Q3 results was new business traction.
- Total New Business Sum Assured: ₹10,833.6 billion
- Growth: 69%
The rise indicates increased customer preference for higher sum assured policies during the quarter.
Company Details: Business Scale & Market Presence
SBI Life maintained its strong position in the individual insurance segment during the nine-month period.
Key Metrics for 9M FY26
- Individual Rated Premium: ₹166.8 billion
- Private market share: 25.6%
Additional performance indicators:
- Individual New Business Premium: ₹225.5 billion
- Year-on-year growth: 13.5%
Overall Premium Growth
Business expansion remained broad-based.
- Gross Written Premium (GWP): ₹733.5 billion
- YoY growth: 20%
Growth drivers:
- Single premium: up 24%
- Renewal premium: up 21%
This balance highlights both fresh sales momentum and consistency from the existing policy base.
Summary: What SBI Life Q3 Results Show?
SBI Life’s third-quarter performance reflects steady growth across profits, premiums, and assets, supported by higher volumes and rising customer participation.
Key Takeaways
- Net profit rose 5% to ₹577 crore
- Premium income increased 22% to ₹30,245 crore
- AUM climbed 16% to ₹5,117.1 billion
- New business sum assured surged 69%
- Strong presence in the individual insurance segment continued through 9M FY26
Overall, SBI Life Q3 results underline improving business momentum during the quarter, with higher premium collections and expanding assets forming the core of the performance story.
Source: Livemint
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