scorecardresearchSBI Life Insurance is at a 52-week high; brokerages sees more upside

SBI Life Insurance is at a 52-week high; brokerages sees more upside

Updated: 30 Aug 2022, 11:04 AM IST
TL;DR.
After reporting robust Q1 results on July 28, the stock witnessed a one-way rally and has risen 15.04% to date. The Gross written premium (GWP) grew 35.5% YoY to Rs. 11,349 crore, mainly driven by 66.9% YoY growth in new business premium and a 14.6% YoY rise in renewal premium.
Assets under management expanded 13.3% YoY to Rs. 262,350 crore, with a debt-equity mix of 73:27. Over 97% of the debt and investment was in AAA-rated and sovereign securities.

Assets under management expanded 13.3% YoY to Rs. 262,350 crore, with a debt-equity mix of 73:27. Over 97% of the debt and investment was in AAA-rated and sovereign securities.