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Informist, Thursday, Jan. 15, 2026

 

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--HDFC Life Oct-Dec net profit INR 4.21 bln 
--HDFC Life Oct-Dec net premium income INR 182.42 bln 
--HDFC Life Oct-Dec net profit INR 4.21 bln vs INR 4.15 bln year ago 
--HDFC Life Oct-Dec net premium income INR 182.42 bln vs INR 167.71 bln 
--HDFC Life Apr-Dec net profit INR 14.14 bln vs INR 13.26 bln year ago 
--HDFC Life Apr-Dec net premium income INR 514.86 bln vs INR 458.51 bln 
--HDFC Life solvency ratio 180% as on Dec 31 vs 188% year ago 
--HDFC Life 13th month persistency ratio 79.5% as on Dec 31 vs 81.9% yr ago 
--HDFC Life: AUM at INR 3.78 tln as on Dec 31, up 15% on year 
--HDFC Life value of new business INR 27.73 bln in Apr-Dec, up 7% on yr 
--HDFC Life new business margin 24.4% in Apr-Dec vs 25.1% year ago 
--HDFC Life: Growth in Oct-Dec largely driven by volumes 
--HDFC Life: Expect growth momentum of Oct-Dec to sustain into Jan-Mar 

 

By Cassandra Carvalho

 

MUMBAI – HDFC Life Insurance Co. Ltd. reported a flat bottom line for the December quarter, as a sharp rise in its total income was offset by high actuarial liabilities, which pushed up expenses. 

 

The life insurance company Thursday reported a net profit of INR 4.21 billion for the quarter ended December, up 1.4% on year. Its net premium income for the quarter rose 8.8% on year to INR 182.42 billion. Net income from investments in the policyholders' account surged to INR 106.51 billion from INR 1.92 billion in the year-ago quarter, pushing the insurer's total income up nearly 72% year over year to INR 290.38 billion. 

However, on the expenditure front, actuarial liabilities climbed to INR 153.38 billion in Oct-Dec, from INR 43 billion in the year-ago period. Along with a 30% year-on-year increase in management expenses, the insurer's total expenses rose nearly 70% year on year to INR 290.50 billion in the December quarter. 

 

The company's solvency ratio fell to 180% as of Dec. 31 from 188% a year ago, but rose from 175% as of Sept. 30. The on-quarter rise in solvency ratio is due to INR 7.49 billion of subordinated debt raised by the insurer in the December quarter, the company said in a press release. The insurer reported a 13th-month persistency ratio of 79.5% as of Dec. 31, down from 80.8% a quarter ago and 81.9% a year ago. 

 

In Apr-Dec, the life insurer reported a net profit of INR 14.14 billion, up 6.7% year on year. The company reported net premium income of INR 514.86 billion for the nine months ended December, up over 12% year-on-year. Excluding the impact of a one-time labour code and the rationalisation of goods and services tax, which took effect late September, the underlying growth in profit after tax for both the December quarter and for the nine months ended December was 15%, the release said. The insurer's new business margin was 24.4% in the nine-month period, down from 25.1% a year ago.  

 

The company's value of new business was INR 27.73 billion for Apr-Dec, up 7% on year. Excluding the impact of the GST cut and a change in regulation — as per which surrender value increases after completion of the first policy year — the adjusted growth in value of new business would have been 13% in Apr-Dec and 11% in the December quarter, Vibha Padalkar, managing director and chief executive officer of HDFC Life, said. As of Dec. 31, the insurer's assets under management stood at INR 3.78 trillion, up 15% on year. 

 

"This improvement (growth in Oct-Dec) was largely volume-driven, with the number of policies recording double-digit growth during the quarter," Padalkar said. "We expect this momentum to sustain into Jan-Mar, supporting a balanced and healthy full-year outcome."

 

In the nine months ended December, unit-linked insurance plans contributed 43% of the company's product mix. Participating products accounted for 27%, non-par savings 19%, term plans 7%, and annuity plans 4%. On Wednesday, shares of HDFC Life Insurance ended 0.7% lower at INR 743.20 on the National Stock Exchange. The equity market is closed on Thursday due to municipal corporation elections in Maharashtra.  End

 

Edited by Saji George Titus

 

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