SBI Life Insurance Company Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.
Financial Results (Q3 FY2023) – QoQ Comparison
| Financials | Q3 FY2023 | Q2 FY2023 | % Change |
| Total Income | ₹26626.71 crs | ₹27525.26 crs |  -3.26% |
| Net Profit | ₹304.13 crs | ₹376.74 crs | -19.27% |
| EPS | ₹3.04 | ₹3.76 | -19.15% |
Financial Results (Q3 FY2023) – YoY Comparison
| Financials | Q3 FY2023 | Q3 FY2022 | % Change |
| Total Income | ₹26626.71 crs | ₹20458.31 crs |  30.15% |
| Net Profit | ₹304.13 crs | ₹364.06 crs | -16.46% |
| EPS | ₹3.04 | ₹3.64 | -16.48% |
APE (Annualized premium equivalent) is up 18.8% at Rs 5,430 cr Vs Rs 4,570 cr (YoY)
Value of new business (VNB) margin at 27.8% Vs 26.4% (YoY)
Detailed Quarterly Results
Consolidated Figures in Rs. Crores
| Dec 2021 | Sep 2022 | Dec 2022 | |
|---|---|---|---|
| Sales | 20,672 | 27,717 | 26,817 |
| Expenses | 20,272 | 27,292 | 26,483 |
| Operating Profit | 400 | 426 | 333 |
| OPM % | 2% | 2% | 1% |
| Other Income | 10 | 11 | 13 |
| Interest | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 |
| Profit before tax | 410 | 437 | 346 |
| Tax % | 11% | 14% | 12% |
| Net Profit | 364 | 377 | 304 |
| EPS in Rs | 3.64 | 3.76 | 3.04 |
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