SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 97135.70 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 241.76 Crore, down -21.17 % from last quarter Total Income of Rs 306.70 Crore and down -45.84 % from last year same quarter Total Income of Rs 446.34 Crore. Company reported net profit after tax of Rs 232.85 Crore in latest quarter.
Investment Rationale
There is a possible volume traction in life insurance companies as evinced by premium sales in the months of Dec’20, Jan’21 and Feb’21. There will be growth levers ahead which include (1) revival of traditional bancassurance channels (new tie-ups will become productive), which were subdued due to covid, (2) opening of medical tests for protection, (3) revival of ULIP sales with broad market performance and (4) weak base of H1FY21. In most of these parameters, SBI Life is better placed among peers.
Promoter/FII Holdings
Promoters held 60.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 28 per cent, DIIs 5 per cent and public and others 6.4 per cent.
