SBI Life Q2 Results: Profit falls 6% YoY to Rs 495 crore, but net premium income jumps 23%

The company reported steady performance for the first half of the fiscal year, driven by broad-based growth across premium segments, improvement in persistency, and a robust distribution expansion.

For H1FY26, the insurer’s profit after tax (PAT) rose 4% year-on-year to Rs 1,090 crore, supported by higher renewals, cost discipline, and a balanced product mix.

The company’s Value of New Business (VoNB) — a key profitability measure — increased 14% to Rs 2,750 crore, with the VoNB margin improving to 27.8% from 27% last year.