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SBI Life Interim Dividend 2025 Record Date: SBI Life Insurance reported a net profit of Rs 550.82 crore for Q3 FY25, marking a substantial 71% increase from Rs 321.75 crore during the same period last year.
SBI Life Interim Dividend 2025 Record Date.
SBI Life Interim Dividend 2025 Record Date: SBI Life Insurance Company announced on Monday that its Board of Directors will convene a meeting this month to consider an interim dividend payment on equity shares for the financial year 2024-25. The company has also set the record date, contingent on board approval.
SBI Life Insurance Company’s shares dipped slightly by 0.40 per cent during intraday trading. The stock was priced at Rs 1488.90 apiece, unchanged from its opening value.
SBI Life Insurance Company boasts a market capitalisation of Rs 1.49 lakh crore, securing its position on the BSE 100 index.
SBI Life Board Meeting On 28 February
SBI Life Insurance Company stated in a regulatory filing that a meeting of its Board of Directors is scheduled for Friday, 28 February 2025. The primary agenda of this meeting is to discuss and potentially declare an interim dividend payment on equity shares for the financial year 2024-25.
SBI Life Interim Dividend 2025 Record Date
The record date to determine eligible shareholders for the interim dividend payment for FY 2024-25, if approved by the Board of Directors, has been set as Friday, 7 March 2025.
SBI Q3 FY25 Results
SBI Life Insurance reported a net profit of Rs 550.82 crore for Q3 FY25, marking a substantial 71% increase from Rs 321.75 crore during the same period last year. This performance exceeded market expectations. The impressive growth was driven by an 11% rise in net premium income, which reached Rs 24,828 crore. This was largely attributed to a 14% surge in new business premiums, totalling Rs 1,446.76 crore. The company maintains a robust solvency ratio of 2.04, comfortably surpassing the regulatory requirement.
SBI Life also recorded a 13.2% increase in annualised premium equivalent (APE), reaching Rs 6,940 crore, exceeding analyst projections. Value of New Business (VNB) experienced an 11% growth, reaching Rs 1,870 crore, with a healthy VNB margin of 27.4%.
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