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540719 — Sbi Life Insurance News Story

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FinancialsConservativeLarge Cap

India's SBI Life turns positive after Q1 profit growth

BUZZ-India's SBI Life turns positive after Q1 profit growth

** Shares of SBI Life Insurance Company SBIL.NS reverse losses to trade 1.9% higher at 1,887.9 rupees

** Insurer's Q1 profit rises 22% Y/Y, helped by growth in premiums from new policies, strong renewals

** Net premium income increases ~17%

** Stock rated "strong buy" on avg by 35 analysts; median PT 2360 rupees - data compiled by LSEG

** Stock down 9.5% YTD


(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

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