SBI Life Insurance shares slip 3% post Q4 results; net profit, VNB dips YoY
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SBI Life Insurance shares fell 3% after reporting Q4FY26 results, with net profit dipping 1.09% YoY to ₹804.6 crore. Despite a 16% rise in net premium income to ₹27,684 crore, the value of new business (VNB) decreased to ₹1,630 crore. Brokerages like Nomura and Emkay maintain 'Buy' ratings, with target prices adjusted to ₹2,440 and ₹2,250 respectively, citing strong APE growth and VNB margins. Analysts expect continued growth driven by agency channels and improved product mix, despite regulatory challenges in the insurance sector.
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