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Informist, Tuesday, Apr. 28, 2026

--Canara HSBC Life Q4 net profit INR 347.3 mln vs INR 320.9 mln yr ago 

--Canara HSBC Life Q4 net premium income INR 30.6 bln vs INR 27.0 bln yr ago 

--Canara HSBC Life to pay INR 0.4 per share final dividend 

--Canara HSBC Life FY26 PAT INR 1.27 bln vs INR 1.17 bln year ago 

By Priyasmita Dutta

NEW DELHI – Canara HSBC Life Insurance Co. Ltd. reported a steady on-year rise in net profit during the March quarter, owing to a sharp fall in the change in actuarial liability. A sharp fall in its net investment income under policyholders' accounts capped the bottom line growth, but its impact was offset by robust rise in net premium income during the quarter.

The company posted a net profit of INR 347 million, up 8% on year. Sequentially, the net profit rose 26%. The sequential jump in profit is due to the insurance company holding back funds amounting to INR 835.60 million in policyholders' accounts, as compared to a transfer of INR 951.8 million a quarter ago. 

During the March quarter, Canara HSBC Life had a net investment loss of INR 17.16 billion against an income of INR 548.5 million a year ago. Change in actuarial liability, on the other hand, was at a negative value of INR 4.72 billion during the March quarter, compared with INR 14.99 billion a year ago.

The insurance company's net premium income during the quarter rose 13% on year and 7% on quarter to INR 30.61 billion. Assets under management of the insurer rose 12% on year to INR 461.18 billion as on Mar. 31. Net profit for 2025-26 (Apr-Mar) was INR 1.27 billion, up 8% on year. 

"Our first annual results since listing reflect a business that has delivered growth with discipline and balance," Managing Director and Chief Executive Officer Anuj Mathur said. "We have outperformed the industry on WPI (weighted premium income) growth, strengthened our protection portfolio, seen significant growth in value of new business, and improved VNB (value of new business) margins," Mathur said. Canara HSBC Life was listed on bourses in October.

"While a proven Bancassurance model continues to be our engine of growth, we are committed to diversifying our distribution mix by scaling the Agency channel in a phased manner. We continue to look at consistently delivering superior customer experience, with superior persistency and claims settlement ratio," he said. 

The company's solvency ratio was 190% as of Mar. 31, against the regulatory requirement of 150%. It was 206% at the end of March 2025. The 13th-month persistency ratio was 86.3% for FY26, up from 84.4% a year ago. The 61st-month persistency ratio was 55.4% during FY26, marginally higher than 55.1% year ago. 

For FY26, the company reported new business premiums of INR 39.17 billion, up 25% on year. Gross written premium grew 25% to INR 100.46 billion during the year. Value of new business improved 41% on year to INR 6.27 billion in FY26. New business margin also improved to 22.4% from 19.1% year ago. 

The company's board Tuesday also approved a dividend of INR 0.40 per share for FY26. Shares of the company Tuesday ended at 136.32 on the National Stock Exchange, down 2.4% from the previous close.  End

Edited by Tanima Banerjee

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