By Kosaku Narioka
SBI Life Insurance coverage Co. stated late Friday that its second-quarter web revenue rose 53% from a yr earlier thanks partly to positive aspects in premium and funding incomes.
The Indian life insurer stated that web revenue for the quarter ended Sept. 30 rose to three.77 billion rupees ($45.7 million) from INR2.47 billion a yr earlier. That missed the estimate of INR4.20 billion taken from a FactSet ballot of analysts.
Second-quarter web premium earnings elevated 12% to INR164.77 billion and web earnings from investments climbed 2.8% to INR110.37 billion.
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