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Informist, Wednesday, Jul. 15, 2026

 

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--HDFC Life Apr-Jun net profit INR 6.11 bln 
--HDFC Life Apr-Jun net profit INR 6.11 bln vs INR 5.46 bln year ago 
--HDFC Life Apr-Jun net premium income INR 165.48 bln vs INR 144.66 bln 
--HDFC Life solvency ratio 185% on Jun 30 vs 192% year ago 
--HDFC Life 13th mo premium-basis persistency ratio 80% on Jun 30 vs 82.7% 
--HDFC Life 13th mo policy count basis persistency ratio 78% on Jun 30 vs 79.4% 
--HDFC Life Apr-Jun new business margin 25% vs 25.1% year ago 
--HDFC Life Apr-Jun value of new business INR 8.79 bln, up 9% on year 
--HDFC Life Apr-Jun new business margin, excluding GST impact, at 25.6% 
--HDFC Life: AUM at INR 4.01 tln on Jun 30, up 13% on year 
--HDFC Life Q1 individual annual premium equivalent INR 29.69 bln, up 7% YoY 
--HDFC Life: FY27 growth likely to moderate due to West Asia conflict 
--HDFC Life:Number of policies in Q1 grew in double digit, ahead of industry 
--HDFC Life: Net profit growth, ex-GST impact, was 17% on year in Apr-Jun 
--HDFC Life: Aim to grow in-line or faster than industry in FY27 

 

By J. Navya Sruthi

 

MUMBAI – A strong rise in premium income and investment income lifted HDFC Life Insurance Co. Ltd.'s net profit for the June quarter to a four-quarter high. These factors also supported the insurer's total income during the June quarter.  

 

The life insurance company Wednesday reported a net profit of INR 6.11 billion for the quarter ended Jun. 30, up nearly 12% on year. Sequentially, the insurer's profit jumped over 23% from INR 4.96 billion in the March quarter.

 

However, if not for the impact of the goods and services tax cut by the government last year and a change in regulation, the company's profit after tax growth would be 17% for the June quarter.  

 

HDFC Life's net premium income rose over 14% on year to INR 165.48 billion in the June quarter. The net income from investments was up over 14% on year at INR 166.53 billion, which pushed the total income to INR 333.14 billion, up over 14% on year. Other income rose nearly 28% on year to INR 945 million. 

 

The change in actuarial liabilities rose over 23% on year to INR 209.79 billion in the reporting quarter. Meanwhile, the insurer's paid benefits were down 6.3% on year at INR 81.33 billion in the June quarter. As such, total expenditure for the quarter rose over 13% on year to INR 330.01 billion.

 

"In Q1FY27 (Apr-Jun), while our proprietary channels led by agency and non-bank alliances channels grew by 17%, faster than the industry, business through our bancassurance channel saw moderate growth this quarter resulting in Individual APE growth of 7%," Managing Director and Chief Executive Officer Vibha Padalkar said in a note. "We saw encouraging improvement in our counter share at partner banks as the quarter progressed, and we expect this to normalise further over the coming months."

 

The company's solvency ratio, which is an indication of the company's financial strength and ability to withstand risks, was 185% as on Jun. 30, against 192% a year ago. The company's expenses of management ratio was 22.5% as of Jun. 30, against 21.9% a year ago. 

 

HDFC Life's 13th month premium-basis persistency ratio was 80% as on Jun 30, down from 82.7% a year ago, and the 13th month policy count basis persistency ratio was 78% as on Jun. 30, also down from 79.4% a year ago. The company's new business margin was 25%, against 25.1% a year ago, while the value of new business was INR 8.79 billion, up 9% on year. If not for the GST impact, the company's value of new business would have grown 25.6% in the June quarter. 

 

The company's assets under management rose 13% on year to INR 4.01 trillion as on Jun. 30. The consolidated assets under management, including those of wholly-owned subsidiary HDFC Pension Fund Management, were at INR 5.7 trillion. 

 

Individual annual premium equivalent of the company was up 7% on year at INR 29.69 billion. The company's growth in the current financial year 2026-27 (Apr-Mar) is likely to moderate due to the ongoing West Asia conflict and its bearing on energy prices, the company said in a press release. "Growth during the quarter was underpinned by strong customer acquisition, with the number of policies growing in double digits and ahead of industry," Padalkar said in a note.    

 

The company released its earnings for the June quarter post market hours. On Wednesday, shares of the company aclosed 2.4% higher than the previous close at INR 568.75 apiece on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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