SBI Life December Quarter Result: SBI Life Insurance Company Limited has made a net profit of Rs 551 crore in the October-December 2024 quarter. According to the information given to the stock exchanges, this is 71 percent more than the profit of Rs 321.75 crore recorded a year ago. The company’s net income from premium rose 11 per cent to Rs 24827.54 crore during the December 2024 quarter from Rs 22316.47 crore a year ago.
Talking about the financial data for the April-December 2024 period i.e. the first 9 months of the financial year 2025, the net profit of SBI Life Insurance Company during this period increased by 48 percent on an annual basis to Rs 16 billion. A year ago it was Rs 10.8 billion. Meanwhile, gross written premium rose 9 percent to Rs 609.8 billion compared to Rs 561.9 billion a year ago.
SBI Life rise in shares of
SBI Life shares are rising on January 17. The price on BSE jumped 2.7 percent to Rs 1555.55 from the previous closing price during the day. At the end of trading, the stock settled at Rs 1540.50 with a gain of about 2 percent. The market cap of the company is Rs 1.5 lakh crore. The stock has risen 4 percent in a week. Promoters held 55.38 percent stake in the company by the end of December 2024.