SBI Life Insurance Company standalone net profit rises 26.25% in the March 2022 quarter

Sales rise 12.07% to Rs 17433.77 crore

Net profit of SBI Life Insurance Company rose 26.25% to Rs 672.15 crore in the quarter ended March 2022 as against Rs 532.38 crore during the previous quarter ended March 2021. Sales rose 12.07% to Rs 17433.77 crore in the quarter ended March 2022 as against Rs 15555.74 crore during the previous quarter ended March 2021.

For the full year,net profit rose 3.44% to Rs 1505.99 crore in the year ended March 2022 as against Rs 1455.85 crore during the previous year ended March 2021. Sales rose 17.41% to Rs 58432.29 crore in the year ended March 2022 as against Rs 49768.28 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales17433.7715555.74 12 58432.2949768.28 17 OPM %-1.55-2.15 -1.121.55 - PBDT725.13501.90 44 1686.921640.01 3 PBT725.13501.90 44 1686.921640.01 3 NP672.15532.38 26 1505.991455.85 3

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