SBI Life Insuran

Q1 FY27Insurance

SBI Life Insuran Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,765

Market cap₹1.8L Cr

P/E69.2

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

0 of 2 strong

RevenueRank 3

MarginRank 3

Not discussed on this call: capex, fundraise, order book.

The short version

SBI Life Insurance expects sustained growth in Individual Rated Premium (IRP) at around 14-15% annually. Value of New Business (VoNB) grew by 29% YoY to INR 14.1 billion, indicating strong future earnings growth potential.

From SBI Life Insuran's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

SBI Life Insurance expects sustained growth in Individual Rated Premium (IRP) at around 14-15% annually.
Agency channel is gaining traction with 19%+ growth in the current quarter and anticipated stronger performance in upcoming quarters.
Bancassurance (SBI and RRBs) contributes 47% to total APE, growing steadily at about 10%.
Group business growth is lumpy but showing strong momentum (313% growth in group protection APE).
Product mix is shifting towards higher-margin non-ULIP and pure protection products, supporting growth and profitability.
New business premium grew 23% year-on-year; gross written premium up 20%.
Assets under management increased by 10%, indicating expanding business volumes.
The company aims to capitalize on regulatory changes positively affecting market conditions.
Launch of new products (e.g., regular pay deferred annuity plans) expected next quarter contributing to growth.

Profitability & Margins

Value of New Business (VoNB) grew by 29% YoY to INR 14.1 billion, indicating strong future earnings growth potential.
VoNB margin guidance maintained at a healthy 26%-28%; margins expected to move towards the upper end as product mix normalizes.
Individual Rated Premium (IRP) growth target remains at 14%-15%, supported by strong agency and bancassurance channel expansion.
Profit after tax rose 22% YoY to INR 7.2 billion, reflecting growth momentum.
Operating leverage gains are expected but tempered by product mix (e.g., GTI business drag) and regulatory costs like GST; product repricing and focus on higher-margin lines should support margin improvement.
Agency channel growth (~20% individual APE growth) and non-ULIP product mix improvements projected to drive sustained profit growth.
Management anticipates regulatory environment to remain positive, supporting overall industry and company growth prospects.

See what SBI Life Insuran said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The provided pages of the SBI Life Insurance Company Limited document do not mention any specific current or future capex, capital investment, or strategic investment plans. The discussion primarily focuses on: - Business performance metrics (premium growth, margins, value of new business). - Product mix and growth strategies, including rider attachment rates. - Regulatory environment and margin outlook. - Channel performance (agency and bancassurance growth). - Operational efficiency and customer service initiatives. No explicit information on capital expenditure or strategic investments is disclosed on the analyzed pages.

Top-ranked in Insurance

Ranked on what management guided this quarter

5x potential

1Max Financial₹51.0K Cr

Rev 2Mar 3

2Niva Bupa Health₹14.8K Cr

Rev 2Mar 3

3₹2.4K Cr

Rev 2Mar 3

4₹1.2L Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity in the provided transcript.
The management did not discuss or indicate any intention regarding raising capital via debt or equity issuance during the call.
Focus was primarily on product mix, growth, margins, regulatory environment, and operational efficiency.
No questions or responses covered capital raising activities.

See what SBI Life Insuran said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided from SBI Life Insurance Company's Q1 FY27 earnings call does not contain any specific information regarding current or expected order book or pending orders. The discussion revolves primarily around: - Growth in new business premium and APE - Product mix and margin analysis - Regulatory landscape and company strategy - Business channel performance (agency, banca, ULIPs) - Persistency, claim settlement ratios, and operational efficiency Since SBI Life Insurance operates in the insurance sector, they typically do not report an "order book" as in manufacturing or services industries. There is no mention of pending orders or their equivalent in the insurance context (such as pending policy issuances). Hence, there is no data available on current or expected order book or pending orders in this transcript.

SBI Life Insuran — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.1K Cr, net profit ₹805 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What SBI Life Insurance Company Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SBI Life Insuran Q1 FY27 results?

What is SBI Life Insuran share price analysis?

SBI Life Insuran currently shows a below-average growth signal. The stock trades at a P/E of 69.2 with a market cap of ₹179,875 Cr. Investors should review the full earnings analysis for detailed insights.

Is SBI Life Insuran planning capital expenditure?

The provided pages of the SBI Life Insurance Company Limited document do not mention any specific current or future capex, capital investment, or strategic investment plans.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

What the Q1 FY27 call signalled

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Insurance

Fundraising & Capital Structure

Order Book & Pipeline

SBI Life Insuran — Quarterly revenue & net profit

Continue your research

What SBI Life Insurance Company Ltd's management said in earlier quarters

Others in Insurance this season

Frequently Asked Questions