SBI Life Insurance Company’s profit down 19% QOQ in Q3FY23

SBI Life Insurance Company Ltd has reported Q3FY23 financial results for the period ending December 31, 2022.

Financial Results (Q3 FY2023) – QoQ Comparison

FinancialsQ3 FY2023Q2 FY2023% Change
Total Income₹26626.71 crs₹27525.26 crsUp Tick / Down Tick-3.26%
Net Profit₹304.13 crs₹376.74 crsUp Tick / Down Tick-19.27%
EPS₹3.04₹3.76Up Tick / Down Tick-19.15%

Financial Results (Q3 FY2023) – YoY Comparison

FinancialsQ3 FY2023Q3 FY2022% Change
Total Income₹26626.71 crs₹20458.31 crsUp Tick / Down Tick30.15%
Net Profit₹304.13 crs₹364.06 crsUp Tick / Down Tick-16.46%
EPS₹3.04₹3.64Up Tick / Down Tick-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 2021Sep 2022Dec 2022
Sales20,67227,71726,817
Expenses20,27227,29226,483
Operating Profit400426333
OPM %2%2%1%
Other Income101113
Interest000
Depreciation000
Profit before tax410437346
Tax %11%14%12%
Net Profit364377304
EPS in Rs3.643.763.04
70

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