SBI Life to announce Q4 results tomorrow; 5 key things to watch out for
SBI Life Q4 Preview: Here is a look at what Zee Business Research team expects from the company.
SBI Life Q4 Preview: SBI Life, one of the leading insurance companies, which is a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif S.A., is slated to declare its financial results for the quarter ended March 31, 2024 (Q4 FY24) tomorrow, April 26. Here is a look at what Zee Business Research team expects from the company. Please note that the estimates are on a standalone basis.
Net Premium Earned
Net premium earned is expected to rise 19 per cent YoY to Rs 23,678 crore against Rs 19,897 crore logged in the year-ago period. In March, the new business premium (NBP) increased by 24.7 per cent YoY.
PAT
Profit after tax, or PAT, is estimated to fall 7.3 per cent to Rs 720 crore against Rs 777 crore in the March 2023 quarter.
APE
APE, or annual premium equivalent, is likely to rise 16 per cent to Rs 5,280 crore from Rs 4,550 crore in the corresponding quarter of the previous fiscal.
AUM
Assets under management (AUM) is seen rising 17.9 per cent to Rs 3.62 lakh crore from Rs 3.07 lakh crore. The solvency ratio is expected to come in at 187.5 per cent vs. 215 per cent.
VNB
VNB, which stands for value of new business, is seen rising 2.8 per cent YoY to Rs 1,480 crore, while VNB margins are expected to fall to 28.8 per cent from 30.1 per cent in the March 2023 quarter. The desk notes that more contributions from ULIPs will lead to a decline in margins.