SBI Life Insurance Company Limited’s Board of Directors has declared and approved an interim dividend of ₹2.70 per equity share with a face value of ₹10 each.
On March 5, 2025, SBI Life Insurance Company share price (NSE: SBILIFE) opened at ₹1,391.15 and closed at ₹1,416.60, up by 1.69%. The stock price touched its day’s high at ₹1,424.00.
In accordance with Regulations 30(6), 42, and 43 of the Listing Regulations, the company’s Board of Directors has declared an interim dividend of ₹2.70 per equity share (27%) for the financial year 2024-25. The dividend applies to shares with a face value of ₹10 each.
The interim dividend will be distributed to shareholders whose names are recorded in the Register of Members or appear as beneficial owners in the Depository records as of the previously announced record date, Friday, March 07, 2025. The dividend payment will be completed on or before Sunday, March 30, 2025.
Assets under Management (AuM) witnessed a 19% growth, rising from ₹3,714.1 billion as of December 31, 2023, to ₹4,416.8 billion as of December 31, 2024, with a debt-equity mix of 61:39. Notably, 94% of debt investments are in AAA-rated and Sovereign instruments.
Profit After Tax (PAT) surged 48% to ₹16.0 billion for the nine months of FY25. The company’s net worth saw a 15% increase, reaching ₹165.9 billion from ₹144.3 billion in the previous year. Additionally, a strong solvency ratio of 2.04 as of December 31, 2024, is above the regulatory requirement of 1.50.
SBI Life Insurance Company Ltd operates in the life insurance and annuity sector. It was established as a joint venture between the State Bank of India and BNP Paribas Cardif S.A.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 6, 2025, 9:07 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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