Share of SBI Life Insurance Company Ltd is currently trading at around Rs.1492/-Existing as well as Prospective Investors are asking for SBI Life Share Price Targets for 2024,2025,2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the SBI Life Share Price Target from 2024 to 2040.
Discussion & Analysis of Business & Financial performance with future business prospects of SBI Life Insurance Company Ltd:
SBI Life Insurance Company Ltd has shown a strong business performance in recent quarters. For Q4 FY24, the company reported an 8% increase in net profit, reaching ₹811 crore compared to ₹776 crore in the same period the previous year. This growth is attributed to a decline in expenses and a rise in net premium income, which increased by 26.23% year-on-year to ₹25,116 crore. Additionally, the annualized premium equivalent (APE) for the entire fiscal year grew by 17% to ₹19,720 crore, reflecting a robust increase in new business
The company continues to dominate the private market with a 23.3% share in individual-rated premium. However, the value of new business (VNB) saw a modest increase of 4.86% to ₹1,510 crore, while the VNB margin decreased from 31.65% to 28.33% due to changes in the product mix. The solvency ratio remains strong at 196%, well above the regulatory requirement of 150%, and the persistency ratio improved to 85.76% from 84.35%
Looking ahead, SBI Life Insurance is expected to maintain its growth trajectory. Analysts forecast a compound annual growth rate (CAGR) of 17.1% for gross written premiums over FY23-26, driven by its extensive distribution network and strong bancassurance channel, which accounts for 62% of its business. The company’s focus on leveraging technology and digital platforms is likely to enhance customer engagement and operational efficiency, positioning it well for future growth
In summary, SBI Life Insurance’s strong financial performance, strategic market positioning, and growth prospects underscore its potential for continued success in the Indian life insurance market.
Share Price Targets:
SBI Life Share Price Target 2024
Based on the above discussion and analysis, the share price of SBI Life is likely to touch the level of around Rs.1650-1700 in 2024
SBI Life Share Price Target 2025
Based on the above discussion and analysis, the share price of SBI Life is likely to touch the level of around Rs.1900-2000 in 2025
SBI Life Price Target 2030
Based on the above discussion and analysis, the share price of SBI Life is likely to touch the level of around Rs.3200-3500 in 2030
SBI Life Price Target 2035
Based on the above discussion and analysis, the share price of SBI Life is likely to touch the level of around Rs.5500-6000 in 2035
SBI Life Price Target 2040
Based on the above discussion and analysis, the share price of SBI Life is likely to touch the level of around Rs.9500-10000 in 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
Read Also:
How to make maximum profit with minimum investment from the Stock Market ? – MoneyInsight
Also Read :
How to make money from share market? (indiatimes.com)
Visit our Website regularly for more such Educational Research Articles:
MoneyInsight – We Provide Insight to Your Money
