HDFC Life Q1 results: Net profit rises 14%; premium income beats estimates
Published on 15/07/2025 04:11 PM
HDFC Life Q1 results: Net profit rises 14%; premium income beats estimatesThe insurer’s total Annualised Premium Equivalent (APE) came in at ₹3,225 crore. This is higher than the CNBC-TV18 poll estimate of ₹3,186 crore. Retail APE stood at ₹2,777 crore, also above the poll estimate of ₹2,717 crore.By Anshul July 15, 2025, 4:11:36 PM IST (Published)2 Min ReadHDFC Life Insurance reported a 14.4% rise in net profit for Q1FY26. Net profit stood at ₹547 crore, up from ₹478 crore a year ago.
The insurer’s total Annualised Premium Equivalent (APE) came in at ₹3,225 crore. This is higher than the CNBC-TV18 poll estimate of ₹3,186 crore. Retail APE stood at ₹2,777 crore, also above the poll estimate of ₹2,717 crore.
However, the value of new business (VNB) was slightly lower at ₹809 crore compared to the poll estimate of ₹817 crore. The VNB margin stood at 25.1%, just below the CNBC-TV18 poll of 25.6%.
HDFC Life gained market share during the quarter. The company’s overall market share rose 70 basis points to 12%.
It also gained 40 basis points in the private sector, taking its share to 17.5%.
Assets under management (AUM) rose 15% year-on-year to ₹3.55 lakh crore. Embedded Value (EV) increased to ₹58,355 crore, with an operating return on EV of 16.3% on a rolling 12-month basis. The solvency ratio remained strong at 192%, well above the regulatory minimum of 150%.
Persistency stayed healthy with 13th and 61st month ratios at 86% and 64% respectively.
Vibha Padalkar, MD & CEO, said, “Q1 FY26 began on a strong note with healthy growth across topline, VNB and steady margins. Over 70% of new customers acquired in Q1 were first-time buyers, showing our deepening presence across Tier 1, 2 and 3 cities. We outperformed the industry and private players in market share gains. Our retail protection business grew faster than the company average at 19% YoY.”
She added that the company continues to maintain a balanced product mix and a diversified distribution network. HDFC Life was recently certified among India’s Best Workplaces in BFSI for 2025 and received an upgrade in its ESG rating from MSCI to ‘AA’.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsHDFC life