BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
SBI Life Insurance Company Ltd.'s calculated value of new business margin for Q1 FY23 rose 340 basis points QoQ and 689 bps YoY to 30.3% (on effective tax rate basis).
VNB de-growth/growth was at –20.7%/131.6% QoQ/YoY where the robust YoY growth is due to low base effect.
New business annual premium equivalent de-growth/growth was at down 29.6%/79% QoQ/YoY dragged sequentially due to seasonality of business.
SBI Life's expense ratio increased 249/101 bps QoQ/YoY to 11.5%, QOQ driven by increase of 74 bps in commission ratio and 175 bps in opex ratio.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
