- Net Income: SBI Life’s net income for the first quarter stands at 5.20 billion rupees, representing a 36% year-over-year increase. This surpasses the estimated net income of 4.19 billion rupees.
- Total Costs: The company’s total costs have risen to 337.7 billion rupees, marking a 24% increase from the previous year.
- Net Premium Income: Net premium income reached 151.1 billion rupees, which is a 15% increase year-over-year.
- First Year Premium: First-year premium income has grown to 31.5 billion rupees, up 19% from the previous year.
- Renewal Premium: Renewal premium income stands at 85.4 billion rupees, showing a 16% increase year-over-year.
- Single Premium: Single premium income is at 38.9 billion rupees, reflecting a 9% increase from the previous year.
- Share Performance: SBI Life shares have risen by 2.5% to 1,635 rupees, with 2.1 million shares traded.
- Analyst Ratings: The company has received 32 buy ratings, 1 hold rating, and no sell ratings.
A look at SBI Life Insurance Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, SBI Life Insurance Co Ltd demonstrates a positive long-term outlook. The company received a solid score of 5 in Resilience, indicating a strong ability to withstand market challenges and uncertainties. This resilience factor bodes well for the company’s stability and ability to navigate various economic conditions.
Additionally, SBI Life Insurance scored a 3 in Growth and Momentum, suggesting promising potential for expansion and continued market performance. While the Value and Dividend scores were moderate at 2, the company’s strengths in growth, resilience, and momentum indicate a favorable outlook for investors seeking long-term opportunities in the insurance sector.
### Summary: SBI Life Insurance Company Limited offers a range of financial services, such as claims, general insurance, online banking, retirement plans, tax calculators, and policy revival services, catering to customers in India. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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