Shift in underlying product mix resulted in a spike in VNB margin SBILIFE reported a robust 1QFY23 with APE growth of 80% YoY (7% beat) and a sharp jump of 132% YoY in VNB (28% beat). VNB margin spiked 665bp YoY to 30.4% while shareholders' PAT grew 18% YoY to INR2.6b. Strong momentum in APE was reflected across all product segments. However, non-par savings stole the limelight in 1QFY23 with a massive growth of 645% YoY. It now forms 28% of business in APE terms. The growth was aided by a ...
The independent financial analyst theScreener just lowered the general evaluation of SBI LIFE INSURANCE (IN), active in the Life Insurance industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 8, 2022, the clo...
SBI LIFE INSURANCE: Robust VNB growth; NBP growth/margin steady (SBILIFE IN, Mkt Cap USD15.8b, CMP INR1184, TP INR1500, 27% Upside, Buy) Agency channel witnessing strong momentum SBILIFE reported a strong 2QFY22, with APE growth of 46% YoY (5% beat) and VNB growth at a stellar 91% YoY (10% beat). VNB margin improved to 25.9% (up ~560bp YoY). However, shareholders' PAT declined by ~18% YoY on account of higher claims settled in 2QFY22. Among segments, ULIP saw a strong rebound, up 67%...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at SBI Life Insurance Co Ltd sold 2,349 shares at 737.183INR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
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