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Informist, Thursday, Apr. 16, 2026

 

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--HDFC Life Jan-Mar net profit INR 4.96 bln vs INR 4.77 bln year ago 
--HDFC Life Jan-Mar net premium income INR 258.29 bln vs INR 237.66 bln 
--HDFC Life FY26 net profit INR 19.10 bln vs INR 18.02 bln year ago 
--HDFC Life FY26 net premium income INR 773.15 bln vs INR 696.16 bln yr ago 
--HDFC Life final dividend record date is Jun 19 
--HDFC Life to pay INR 2.10 per share final dividend 
--HDFC Life to issue 14.52 mln pref shrs to HDFC Bank at INR 688.52 per share 
--HDFC Life to issue 14.52 mln pref shrs aggregating to INR 10 bln to HDFC Bank 
--HDFC Life reappoints Niraj Shah as ED, CFO for five years 
--HDFC Life: AUM at INR 3.75 tln on Mar 31, up 12% on year 
--HDFC Life 13th month persistency ratio 85% on Mar 31 vs 87% yr ago 
--HDFC Life solvency ratio 177% on Mar 31 vs 194% year ago 
--HDFC Life FY26 new business margin 24.2% vs 25.6% year ago 
 

 

By Krity Ambey

 

NEW DELHI – Losses on investments of HDFC Life Insurance Co. Ltd. weighed on its net profit in the March quarter, marking the third consecutive quarter of the life insurer posting sub-5% on-year growth in its bottom line.

 

The life insurance company Thursday reported a net profit of INR 4.96 billion for the quarter ended March, up 4% on year. Sequentially, the insurer's profit jumped nearly 18% from INR 4.21 billion in the December quarter.

 

HDFC Life's net premium income rose nearly 9% on year and 42% on quarter to INR 258.29 billion in the March quarter. But a loss of INR 64.81 billion on investments dragged the company's total income to INR 197.32 billion, down 17% on-year and 32% on-quarter. 

 

The change in actuarial liabilities fell 62% on-year and 80% on-quarter to INR 31 billion in the reporting quarter. Meanwhile, the insurer's paid benefits were nearly flat on year at INR 111.51 billion in Jan-Mar. As such, the total expenditure for the quarter was down nearly 19% on year and 34% on quarter at INR 192.89 billion.

 

For 2025–26 (April–Mar), the company reported a net profit of INR 19.10 billion, up 6%. The insurer's total income rose 2% to INR 982.86 billion. The net premium income grew 11% to INR 773.15 billion during the year, but net investment income fell 22% to INR 201.75 billion. 

 

The solvency ratio fell to 177% as of Mar. 31 from 194% a year ago and 180% as of Dec. 31. The insurer reported a 13-month persistency ratio of 85% as of Mar. 31, down from 87% at the end of FY25. On the other hand, its 61-month persistency ratio rose to 64% from 63% a year ago. As of Mar. 31, the insurer's assets under management were INR 3.75 trillion, up 12% on year.   

 

The company's new business value was INR 40.34 billion in FY26, up 2%. Its new business margin was 24.2% as of Mar. 31, compared to 25.6% a year ago. But if not for the impact of the goods and services tax cut and a change in regulation, as per which surrender value increases after completion of the first policy year, the insurer's new business margin would have been 25.5% at the end of FY26. 

 

HDFC Life, which announced its earnings post-market hours, declared a final dividend of INR 2.10 per share with Jun. 19 as the record date. Thursday, shares of the insurance company ended 1.4% lower at INR 631.50 on the National Stock Exchange. The company also announced the issuance of 14.52 million preferential shares to the promoter HDFC Bank at INR 688.52 per share, aggregating to INR 10 billion.  

 

HDFC Life's board reappointed Niraj Shah as executive director and chief financial officer for five years. Shah's term was set to end Apr. 25.  End

 

Edited by Saji George Titus

 

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