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India's largest private life insurer by premium, a joint venture between State Bank of India and France's BNP Paribas Cardif.
India's largest private life insurer by premium, a joint venture between State Bank of India and France's BNP Paribas Cardif.
Collects premiums on policies sold mainly through State Bank of India's branches, much of it in unit-linked plans (savings tied to market funds), and earns charges on the funds it manages plus the margin on money held against long-term guarantees. State Bank of India holds the majority; BNP Paribas Cardif is the foreign partner.
In one line: India's smaller MetLife/Prudential Financial.
Moat: wide (brand, distribution, scale). Access to State Bank of India's vast branch/customer network gives an unmatched bancassurance distribution advantage.
Headquarters: Mumbai, India · Founded: 2001 · Employees: 29,344
Size SBI Life Insurance (SBILIFE.NS) is an India Financials company (Life/Health Insurance) with a market value of $18.9B, the 54th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,784 on 6 Nov 2026.
Performance Over six months the shares fell 4.7%, against +19.9% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +9.6%); the operating margin is 2.4% (peer median 10.0%).
Valuation It trades at 8.72× book value against a peer median of 2.33× (2nd most expensive of 20).
Price implies The share price implies a return on equity of about 105.4%; SBI Life Insurance delivers 13.7%, so the price asks more than the business earns today.
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.21T | ₹1.34T | ₹1.14T | ₹1.06T | ₹816B |
| Revenue growth | — | +17% | +7% | +30% | — |
| Net income | ₹26.6B | ₹24.7B | ₹24.1B | ₹18.9B | ₹17.2B |
| Free cash flow | n/a | ₹343B | ₹254B | ₹290B | ₹417B |
| Capital expenditure | n/a | ₹1.85B | ₹1.06B | ₹1.14B | ₹632M |
| Total debt | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SBI Life Insurance SBILIFE.NS | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% |
| ICICI Life Insurance ICICILIFE.NS | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% |
| HDFC Life Insurance HDFCLIFE.NS | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% |
| Life Insurance Corp. of India LICI.NS | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% |
| Max Financial Services MFSL.NS | $4.68B | -25% | +18% | 3% | 7.71× | 78.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SBILIFE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | +2.4% | 10th highest of 21 |
| 6-month return | -4.7% | +19.9% | 3rd lowest of 21 |
| Return on equity | 13.7% | 12.5% | 9th highest of 21 |
| Price / book | 8.72× | 2.33× | 2nd most expensive of 20 |
| Trailing P/E | 67.4× | 12.9× | most expensive of 20 |
| ROE the price implies | 105.4% | 9.2% | most demanding of 19 |
| ROE delivered | 13.7% | 13.3% | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
| Japan Post Hldgs 6178.T | Japan | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% | 4.5% |
| Hannover Rueck HNR1.DE | Germany | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% | 22.4% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |