Shares of SBI Life Insurance Company rallied 8 per cent to Rs 1,284 on the BSE in Friday’s intra-day trade after the insurer reported 18 per cent year-on-year (YoY) growth in its net profit at Rs 263 crore in the April–June quarter (first quarter, or Q1) of 2022-23 (FY23), aided by a healthy jump in gross written premium. In the corresponding period a year ago, the company's net profit was to the tune of Rs 223 crore.