HDFC Life Insurance Q1 Results: Profit Up 14%, Net Premium Income Rises 15%
HDFC Life's value of new business advanced by 12.7% to Rs 809 crore in the June quarter.
HDFC Life Insurance Co.'s standalone net profit rose 14% year-on-year in the April–June quarter.
The insurer posted a bottomline of Rs 546 crore in the quarter ended June 30, 2025. In the year-ago period, the company posted a net profit of Rs 478 crore.
The net premium income during the quarter under review climbed 15% year-on-year to Rs 14,466 crore, compared to Rs 12,509 crore in the corresponding quarter of the previous fiscal.
HDFC Life Q1 FY26 Highlights (Standalone, YoY)
Net premium income up 15% at Rs 14,466 crore vs Rs 12,509 crore.
Annualised premium equivalent grew 12.5% to Rs 3,225 crore versus Rs 2,866 crore (NDTV Profit estimate: Rs 3,200 crore)
Value of new business advanced by 12.7% to Rs 809 crore versus 718 crore (NDTV Profit estimate: Rs 800 crore)
VNB margins came in at 25.1% (NDTV Profit estimate: 25%)
Net profit up 14% at Rs 546 crore versus Rs 478 crore.
The company reported annualised premium equivalent of Rs 3,225 crore, marking an 12.5% year-on-year growth, while the value of new business rose by 12.7% YoY to Rs 809 crore. However, VNB margins remained flat at 25.1%, up 5 basis points YoY, while down 145 basis points sequentially. This reflected a possible shift in product mix or pricing pressures.
HDFC Life's solvency ratio increased to 192%, compared to 186% in the year-ago quarter.
The 13th month persistency ratio stood at 86%, whereas the 61st month persistency ratio improved to 64%.
Shares of HDFC Life closed 1% lower at Rs 756 apiece on the BSE, compared to a 0.45% rise in the benchmark Nifty.
