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SBI Life's net profit rises 18% YoY to Rs 263 crore in June quarter

Its VNB margins - a measure of profitability of life insurers - stood at 30.4 per cent, against 23.7 per cent in the year-ago period

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Q1 results | SBI Life | SBI Life Insurance

Subrata Panda  |  Mumbai 



Q1 results
Illustration: Ajay Mohanty

Private sector insurer SBI Life’s net profit grew 18 per cent year-on-year (YoY) to Rs 263 crore in the April–June quarter (first quarter, or Q1) of 2022-23 (FY23), aided by a healthy jump in gross written premium. In the corresponding period a year ago, the insurer’s net profit was to the tune of Rs 223 crore.

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First Published: Thu, July 28 2022. 20:07 IST

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