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Informist, Monday, Jul. 20, 2026

 

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--Canara HSBC Life Apr-Jun net profit INR 281.4 mln 
--Canara HSBC Life Q1 net profit INR 281.4 mln vs INR 234.2 mln yr ago 
--Canara HSBC Life Apr-Jun net premium income at INR 20.48 bln vs INR 16.53 bln 
--Canara HSBC Life 13th mo premium-basis persistency ratio 81.8% on Jun 30 
--Canara HSBC Life solvency ratio 198% on Jun 30 vs 200% year ago 

 

By Priyasmita Dutta

 

NEW DELHI – Canara HSBC Life Insurance Co. Ltd. reported a steady year-on-year rise in net profit for the June quarter owing to a healthy rise in its net premium income and income from investments. A sharp jump in the change in actuarial liability, however, limited the overall rise in profit.

 

The company posted a net profit of INR 281 million, up 20% on year. Sequentially, the net profit fell 19%. The sequential fall in profit was because of the insurance company transferring funds amounting to INR 240.8 million to policyholders' accounts. In the trailing quarter, it had withheld INR 835.60 million.

 

The insurance company's net premium income for the quarter rose 24% on year but fell 33% on quarter to INR 20.48 billion. Its assets under management rose 14% on year to INR 496.83 billion as on Jun. 30. Canara HSBC Life was listed on the bourses in October.

 

"Our focus on profitable growth continued to deliver results in Q1, supported by a strong distribution network and product mix improvements," Managing Director and Chief Executive Officer Anuj Mathur said. "Despite a complex global economic environment, we reported APE (annualised premium equivalent) growth of 18.8% YoY, in line with our stated guidance," he said.

 

The company's solvency ratio was 198% at the end of June, against the regulatory requirement of 150%. It was 200% at the end of June 2025. The 13th-month persistency ratio was 85.90% for the June quarter, up from 84.0% a year ago. The 61st-month persistency ratio was 55.30% during Apr-Jun, unchanged from a year ago. 

 

During the quarter under review, the company reported new business premiums of INR 10.44 billion, up 25% on year. Value of new business improved 29% on year to INR 1.24 billion. New business margin also improved to 21.1%.

 

During the June quarter, Canara HSBC Life's total expenses rose 18% on year and 214% on quarter to INR 42.79 billion, limiting the rise in net profit. This jump in expenses was despite a 25?ll in benefits paid. Change in actuarial liability totalled INR 29.97 billion, up 39% on year. It was at a negative value of INR 4.72 billion during the March quarter.

 

Shares of the company Monday ended at 149.77 on the National Stock Exchange, practically flat against Friday's close.  End

 

Edited by Rajeev Pai

 

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