Buy SBI Life Insurance Company; target of Rs 1705: KR Choksey
Mon, May 6, 2024 3:49 PM

Buy SBI Life Insurance Company; target of Rs 1705: KR Choksey

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KR Choksey's research report on SBI Life Insurance CompanyThe Gross Written Premium (GWP) for Q4FY24 stood at INR 252,411 Mn, a growth of 26.1%/ 12.4% QoQ, primarily led by surge in the New Business Premium (NBP). GWP was 5.5% higher than our estimates because a single premium segment performed better than expected. The Annualized Equivalent Premium (APE) was INR 53,300 Mn in Q4FY24.

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