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Insurance company SBI Life has reported a net profit of Rs 519.52 crore in the first quarter of the financial year 2024-25. It has increased by 36.34% on an annual basis. In the same quarter a year ago i.e. Q1FY24, the company had earned a profit of Rs 381.04 crore.
During this period, the company’s net premium income increased by 15% to Rs 15,105 crore as compared to the April-June 2023 quarter. A year ago, the company’s premium earnings were Rs 13,104 crore. At the same time, earnings from investment increased by 32.27% to Rs 19,283.50 crore.
SBI Life’s net profit increased by 36% in the first quarter
| SBI Life | FY25 (April-June) | FY24 (April-June) | Change % |
| Net Premium Income | ₹15,105.48 | ₹13,104.49 | 15.27% |
| Investment Income | ₹19,283.50 | ₹14,578.90 | 32.27% |
| Total Income | ₹34,392.05 | ₹27,691.96 | 24.20% |
| Management Expenses | ₹1,640.36 | ₹1,460.90 | 12.28% |
| net profit | ₹519.52 | ₹381.04 | 36.34% |
Note- Figures are in crores of rupees…
Net premium income decreased by 39.86% compared to the previous quarter
| SBI Life | FY25 (April-June) | FY24 (January-March) | Change % |
| Net Premium Income | ₹15,105.48 | ₹25,116.47 | -39.86% |
| Investment Income | ₹19,283.50 | ₹10,811.70 | 78.36% |
| Total Income | ₹34,392.05 | ₹37,567.50 | -8.45% |
| Management Expenses | ₹1,640.36 | ₹1,676.44 | -2.15% |
| net profit | ₹519.52 | ₹810.80 | -35.92% |
Note- Figures are in crores of rupees…
SBI Life stock rose 14% this year
SBI Life’s stock today (24 July) rose 2.37% to close at Rs 1,632. The company’s stock has given a return of 0.65% in the last 5 days, 12.38% in one month, 15.75% in 6 months and 23.95% in one year. If we talk only about this year (from 1 January till now), then SBI Life’s stock has risen by 14.00%.
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