SBI Life Insurance Company announced impressive results for Q3FY25 on January 17, with net profit surging 71% year-on-year to ₹550.82 crore, compared to ₹321.75 crore in the same quarter last year. Sequentially, the profit rose by a modest 4% from ₹529.42 crore in Q2FY25, signaling consistent performance. The company’s net premium income hit ₹24,828 crore, marking an 11% YoY increase and a 22% rise over the previous quarter. Renewal premiums played a significant role, growing 14% YoY to ₹14,468 crore and showing a strong 23% sequential jump. Single premiums also exhibited steady demand, reaching ₹4,079 crore, up slightly from ₹4,062 crore a year earlier. For the nine-month period ending December 2024, SBI Life reported a marginal 1% growth in New Business Premiums (NBP), totaling ₹26,260 crore. However, renewal premiums demonstrated robust growth, climbing 15% YoY to ₹34,730 crore. The Gross Written Premium (GWP) for the period rose 9% to ₹60,980 crore, driven by a 12% increase in New Business Regular Premiums and sustained growth in renewals. Investors responded positively to the results, pushing the stock up by 2.7% to a day high of ₹1,555.55. Although it remains 20% below its September 2024 peak of ₹1,935, the stock has recovered 19% from its 52-week low of ₹1,307 recorded in June 2024. With strong renewal premiums and steady growth across segments, SBI Life Insurance continues to demonstrate resilience and a promising outlook for the remainder of FY25.