Home / Companies / Results / SBI Life posts Rs 870 crore profit in 9 months of FY19, up 13%

SBI Life posts Rs 870 crore profit in 9 months of FY19, up 13%

New business premium up 32 per cent to Rs 9,470 crore in the nine months of this fiscal; gross written premium was Rs 21,660 crore, up 34.5 per cent

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Last Updated : Jan 18 2019 | 11:15 PM IST

Private life insurer, SBI Life Insurance, has reported a profit after tax of Rs 870 crore in the first nine months of FY19, up 13 per cent in the same period of FY18.

The new business premium of the life insurer was up 32 per cent from Rs 7,200 crore to Rs 9,470 crore in the nine months of this fiscal. The gross written premium of the company was Rs 21,660 crore, up 34.5 per cent from Rs 16,060 crore.

The net worth of the company rose 14 per cent from Rs 6,440 crore to Rs 7,330 crore and the

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