HDFC Life Insurance Co Apr-Jun earnings detailed table
This story was originally published at 15:47 IST on 15 July 2024
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MUMBAI - HDFC Life Insurance Co Ltd today detailed its results for the quarter ended June 2024, in million rupees, as follows:
| Particulars | Apr-Jun 2024 | Apr-Jun 2023 | YoY change in % | Jan-Mar 2024 | QoQ change in % |
| Policyholders' A/C | |||||
| Gross premium income | |||||
| -First year premium | 23,579.0 | 18,514.4 | 27.35 | 40,146.2 | (41.27) |
| -Renewal premium | 64,106.3 | 58,040.6 | 10.45 | 114,059.6 | (43.80) |
| -Single premium | 40,423.5 | 40,172.9 | 0.62 | 55,169.8 | (26.73) |
| Net premium income | 125,096.2 | 114,798.2 | 8.97 | 204,881.1 | (38.94) |
| Income from investments (net) | 141,244.1 | 116,286.8 | 21.46 | 72,514.1 | 94.78 |
| Other income | 667.2 | 862.7 | (22.66) | 783.5 | (14.84) |
| Contribution of fund from shareholders' A/c | 64.0 | 178.7 | (64.19) | 747.2 | (91.43) |
| Total | 267,071.5 | 232,126.4 | 15.05 | 278,925.9 | (4.25) |
| Commission on | |||||
| -First year premium | 8,397.8 | 4,194.3 | 100.22 | 13,484.6 | (37.72) |
| -Renewal premium | 1,068.5 | 830.3 | 28.69 | 1,896.3 | (43.65) |
| -Single premium | 5,236.3 | 1,592.7 | 228.77 | 6,239.6 | (16.08) |
| Rewards | 0.0 | 0.0 | N.A. | 0.0 | N.A. |
| Net commission | 14,702.6 | 6,617.3 | 122.18 | 21,620.5 | (32.00) |
| Operating expenses related to insurance business | |||||
| -Employees remuneration and welfare expenses | 6,944.6 | 8,967.9 | (22.56) | 7,265.5 | (4.42) |
| -Other operating expenses | 5,727.7 | 7,296.0 | (21.50) | 10,339.3 | (44.60) |
| Expenses of management | 27,374.9 | 22,881.2 | 19.64 | 39,225.3 | (30.21) |
| Provisions for diminution in value of investment | 33.9 | (361.4) | N.A. | 31.7 | 6.94 |
| Goods & services tax on linked charges | 1,084.7 | 906.8 | 19.62 | 1,178.9 | (7.99) |
| Provision for tax | (983.9) | 217.8 | N.A. | (2.9) | N.A. |
| Benefits paid (net) | 88,277.8 | 80,728.2 | 9.35 | 124,205.2 | (28.93) |
| Change in actuarial liability | 145,656.8 | 125,636.0 | 15.94 | 111,559.5 | 30.56 |
| Total | 261,444.2 | 230,008.6 | 13.67 | 276,197.7 | (5.34) |
| Surplus/(Deficit) | 5,627.3 | 2,117.8 | 165.71 | 2,728.2 | 106.26 |
| Appropriations | |||||
| -Transferred to shareholders A/C | 2,664.6 | 2,316.5 | 15.03 | 3,027.4 | (11.98) |
| -Funds for future appropriations | 2,962.7 | (198.7) | N.A. | (299.2) | N.A. |
| -Surplus in revenue account pending recommendation for allocation from appointed acturary | 0.0 | 0.0 | N.A. | 0.0 | N.A. |
| Details of surplus/(deficit) | |||||
| -Interim bonus paid | 4,071.3 | 3,156.8 | 28.97 | 6,164.1 | (33.95) |
| -Terminal bonus paid | 1,600.2 | 1,619.4 | (1.19) | 3,456.7 | (53.71) |
| -Allocation of bonus to policyholders | 0.0 | 0.0 | N.A. | 9,237.2 | N.A. |
| -Surplus shown in the revenue account | 5,627.3 | 2,117.8 | 165.71 | 2,728.2 | 106.26 |
| Total surplus | 11,298.8 | 6,894.0 | 63.89 | 21,586.2 | (47.66) |
| Shareholders' A/C | |||||
| Transfer from policyholders' A/C | 2,664.6 | 2,316.5 | 15.03 | 3,027.4 | (11.98) |
| Total income under shareholders account | |||||
| -Investment income | 2,571.6 | 2,317.2 | 10.98 | 2,525.8 | 1.81 |
| -Other income | 0.2 | 0.0 | N.A. | 31.1 | (99.36) |
| Expenses other than those related to insurance business | 197.5 | 354.4 | (44.27) | 334.3 | (40.92) |
| Transfer of funds to policyholders' account | 64.0 | 178.7 | (64.19) | 747.2 | (91.43) |
| Provisions for diminution in value of investments | 0.0 | (65.4) | N.A. | 5.7 | N.A. |
| Profit before tax | 4,974.9 | 4,166.0 | 19.42 | 4,497.1 | 10.62 |
| Provision for tax | 198.4 | 12.6 | 1,474.60 | 380.5 | (47.86) |
| Profit after tax and extraordinary items | 4,776.5 | 4,153.4 | 15.00 | 4,116.6 | 16.03 |
| Paid-up equity share capital | 21,509.8 | 21,496.8 | N.A. | 21,509.4 | N.A. |
At 1444 IST, HDFC Life Insurance Co shares were traded at 639.65 rupees on the NSE, up 0.65% over Friday.
Notes:
YoY: Year-on-Year
QoQ: Quarter-on-Quarter
N.A.: Not applicable
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Compiled by Siddhesh Khair
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