New Delhi, April 22 -- SBI Life Insurance Company announced its March quarter results for FY26 after-market hours on Wednesday, 22 April, reporting a 1% year-on-year decline in net profit to Rs.804 crore in Q4 FY26.

In the same period last year, the company had posted a net profit of Rs.814 crore.

Profit was impacted by higher commissions and a rise in operating expenses, which outweighed growth in renewal premiums.

The company's net premium income rose 16% YoY to Rs.27,684 crore. The growth was driven by renewal premiums, which increased to Rs.440.33 crore from Rs.370.83 crore. One-time premiums rose 37%, while first-year premiums from new policies grew a modest 5%.

Net commissions increased 10% YoY to Rs.859.11 crore, pushing the co...