Street View: India's SBI Life Insurance cushioned by parent's backing, margins to improve

Sbi Life Insurance

23/04/2026 06:29

** SBI Life Insurance SBIL.NS stock falls as much as 3.1% to two-week low after reporting new business slowdown, marginal profit decline

** Median PT of 36 brokerages is 2,400 rupees; rating "BUY" - LSEG-compiled data

MARGIN PRESSURE TO EASE ON NEW PRODUCTS

** Ambit Capital ("BUY"; PT 2,300): Overall growth data ahead of peers

** HDFC Securities ("BUY"; PT 2,400): Geopolitical headwinds weighed on business; bets on co's exclusive access to SBI's SBI.NS massive distribution network, scope for improvement in margin-accretive traditional mix and cost leadership

** Bank of Baroda ("BUY"; PT 2,415): SBIL's gradual shifting toward higher-margin traditional products while reducing the ULIP share likely to aid margins

** Jefferies ("BUY"; PT up 2,550 from 2,500): new product launches to help growth; insurer gaining market share supported by parent bank and agency network; annual premium equivalent to accelerate

(Reporting by Pranav Kashyap in Bengaluru)

((pranav.kashyap@tr.com; +919886482111;))