Comments
SBI Life Insurance Company reported a 6 per cent growth in net profit at ₹225 crore in the second quarter of the fiscal.
This was its first results announcement post listing last month.
The company’s net premium income for Q2 was ₹5,384 crore, a 9 per cent growth over the corresponding period in the previous year.
Individual new business premium rose 45 per cent to ₹1,988 crore.
ULIPs accounted for 60 per cent of the new business premium, compared with 51 per cent for the full fiscal 2016-17.
Solvency ratio of the company at 2.09 was marginally lower than 2.14 recorded last year.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.