1. SBI Life Insurance
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97% Buy

SBI Life Insurance Share Price

SBILIFE

₹1,613.45+₹50.60 (3.24%) TodayLast updated on 15 Jul, 2024 | 15:49 IST
₹1,557.90₹1,620.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,56,531 Crs

Open

₹1,562.85

Close

₹1,562.85

Circuit range

₹1,774.75 - ₹1,452.10

Day range

₹1,557.90 - ₹1,620.90

Year range

₹1,251.65 - ₹1,620.90

Volume

24,98,480

Avg. traded

₹1,601.77

Revenue (12m)

₹1,31,988 Crs

SBI Life Insurance

SBI Life Insurance Limited, commonly referred to as SBI Life, is one of the most reputed brands in the Indian life insurance sector. It was established in October 2000 and is headquartered in Mumbai. It is owned by the State Bank of India, the largest commercial bank in India. It is a joint venture between SBI and the French financial institution BNP Paribas Cardif SA.

SBI Life received official recognition from the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. The company is listed on the BSE and the National Stock Exchange.

The market capitalisation of SBI Life Insurance Company Limited is ₹137,300 crore as of January 25, 2024. The share price of SBI Life Insurance Company Limited has gained 58.45% in the last three years.

Business Operations

SBI Life Insurance Company Limited offers a wide range of products to meet the needs of both individuals and groups, including protection, pension, savings and health insurance. Its life insurance division has individual life and group business segments. The latter includes participating and non-participating pension plans, group gratuity, group leave encashment, group superannuation, group immediate annuity, unit-linked insurance products, variable insurance products, health insurance and microinsurance.

The company offers a total of 34 individual and 9 group products. These serve diverse customer segments including mass, affluent, high net worth individuals (HNI), rural, urban, and social demographics. In FY23, the company issued 21,97,656 policies, providing coverage to 20.6 million lives.

It holds a significant position in the private insurance market with a 22.26% share in individual rated premium, a 21.34% share in new business premium and a 27.31% share in individual new policies.

SBI Life has a widespread presence nationwide. This includes around 1,000 offices and a workforce of 20,787 employees as of March 31, 2023. The company collaborates with 14 bancassurance partners, operating through over 41,000 partner branches. It also engages with 129 brokers and various other insurance marketing firms to further extend its reach and impact.

SBI Life Insurance maintains a vast network comprising 2.09 lakh individual agents, alongside 66,000 other distributors. The company operates through 992 offices and collaborates with approximately 2.8 lakh business partners. Through this vast network, the company offers its services in 28 states and 7 Union Territories.

In FY23, the company secured the top position among private players in terms of new business premium (nbp), individual nbp and individual rated NBP. It also surpassed the ₹3 trillion mark in assets under management. During FY23, the company also introduced five new products: SBI Smart Annuity Plus, SBI Life- Retire Smart Plus, SBI Life- Smart Lifetime Saver, SBI Life- Group Micro Shield- SP and SBI Life- Group Micro Shield.

As part of its expansion efforts, SBI Life Insurance Company Limited opened 40 new offices in FY23. It also established new partnerships with popular institutions such as Karur Vyasa Bank, India Post Payment Bank and Paschim Banga Gramin Bank.

Financial highlights

– SBI Life Insurance’s gross written premium (GWP) for FY23 stood at ₹67,316 crore, up 14.6% compared to ₹58,760 crore in FY22. – The net profit after tax for the financial year 2022-23 was ₹1,721 crore compared to ₹1,506 crore during the previous year. – In FY23, the new business premium (NBP) grew 16%YoY to ₹29,589 crore. – The company's earnings per share (EPS) stood at ₹17.19 in FY23 compared to ₹15.06 in the previous financial year.

SBI Life Insurance Key indicators

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52 week high

₹1,620.90

52 week low

₹1,251.65

P/E ratio

82.73

P/B ratio

10.72

ROE

14.14%

ROCE

14.45%

Dividend yield

0.17%

Debt/Equity ratio

EPS

17.19

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Investment checklist: (4/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

97%

Hold

3%

Sell

0%

This analysis is based on the reviews of 30 experts in the last 7 days

Brands by SBI Life Insurance

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EasyAccess

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SBILifeInsurance

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

4.51%

Net profit margin

2.58%

ROE

14.14%

ROA

0.6%

ROCE

14.45%

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SBI Life Insurance Shareholder returns

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1 day

+0.26%

1 week

+2.19%

1 month

+7.58%

3 months

+4.67%

1 year

+20.16%

3 years

+51.23%

5 years

+100.19%

SBI Life Insurance Share Price history

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DayOpenCloseDay’s change
Fri, Jul 12 2024
₹1,562.90
₹1,562.85
+0.26%
Thu, Jul 11 2024
₹1,562.00
₹1,558.80
0.00%
Wed, Jul 10 2024
₹1,524.75
₹1,558.80
+2.23%
Tue, Jul 9 2024
₹1,525.00
₹1,524.75
+0.65%
Mon, Jul 8 2024
₹1,529.40
₹1,514.95
-0.94%
Fri, Jul 5 2024
₹1,507.75
₹1,529.40
+1.44%
Thu, Jul 4 2024
₹1,496.40
₹1,507.75
+0.76%
Wed, Jul 3 2024
₹1,503.00
₹1,496.35
+0.10%

Shareholding info

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Promoters (55.42%)

Mutual Funds (12.33%)

Retail and other (4.01%)

Foreign institutions-FII (25.16%)

Other domestic institutions (3.08%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹2.7/share

    Ex date 15 Mar 2024

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  • Dividend • ₹2.5/share

    Ex date 16 Mar 2023

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  • Dividend • ₹2/share

    Ex date 29 Mar 2022

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Frequently asked questions