SBI Life Q1 Results: Profit rises 18% YoY to Rs 263 crore, meets estimates - Economic Times

7/28/2022 12:00:00 AM2 years 9 months ago
by Amit Mudgill
by Amit Mudgill
Gross written premium (GWP) for the quarter rose 35 per cent YoY to roughly Rs 11,350 crore in the June quarter, mainly due to 83 per cent growth in first-year premium (FYP) and 14 per cent growth in renewal premium.
SBI Life on Thursday reported a 17.78 per cent year-on-year (YoY) rise in net profit at Rs 262.85 crore for the June quarter compared with Rs 223.16 crore in the corresponding quarter last year. Gr… [+2220 chars]
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