SBI Life Q4 FY26 New Business Premium Up 20%

SBI Life reported a 20% YoY growth in new business premium to INR425.5 billion for FY26, with a private market share of 21.4%.
Profit after tax grew 2% to INR24.7 billion, while Value of New Business (VoNB) increased 12% to INR66.7 billion with a margin of 27.5%.
The company held an earnings call to discuss FY26 results, provide strategic updates, and address analyst questions on growth and margins.
Management reiterated a target of ~14% APE growth and guided for VoNB margins to remain in the 26-28% range going forward.