SBI Life to declare interim dividend soon; check key details here

“We wish to inform you that, meeting of the Board of Directors of the Company is scheduled to be held on Friday, February 28, 2025 to consider and declare payment of Interim Dividend on equity shares of the Company for the Financial Year 2024-25,” the company said in the filing.

SBI Life further added that it has set March 7, 2025, to be the record date for determining the shareholders for the payment of interim dividend for FY25.

The company's share trading window will be closed for all designated persons and their immediate relatives from February 24, 2025 to March 2, 2025 (inclusive).

As of 11:53 AM, shares of SBI Life are trading 0.43% lower at ₹1,489 apiece on the NSE.

For October-December quarter, SBI Life Insurance Company reported a 71.2% year-on-year (YoY) jump in its net profit or profit after tax (PAT) at ₹551 crore. The company registered a net profit of ₹322 crore in the year-ago period.

The net premium income for the quarter under review increased by 11.3% YoY to ₹24,828 crore, compared to ₹22,317 crore registered in the corresponding quarter of the previous fiscal.

The new business premium came in at ₹10,530 crore, up 8% YoY, while total annualised premium equivalent, or APE, surged 13% to ₹6,940 crore. Meanwhile, retail annualised premium equivalent rose by 13% to ₹6,450 crore.