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HDFC Life Insurance Company Q1 FY26 Results: Private sector life insurer HDFC Life Insurance took centre stage on Dalal Street on Wednesday, a day after the Mumbai-headquartered company reported its financial results for the quarter ended June 30. 

HDFC Life's net profit grew 14.2 per cent to Rs 546.5 crore for the quarter ended June 30, while its net premium income increased 15.6 per cent to Rs 14,466 crore. 

According to Zee Business research, the insurance major was estimated to log a quarterly net profit of Rs 490 crore. on HDFC Life's Q1 results

According to Citi, HDFC Life's quarterly performance was steady, with a diversified and agile business model at play. 

The company's business agility warrants premiums, according to the brokerage, which maintained its 'buy' call on HDFC Life while raising its target price by Rs 40 to Rs 975.

HSBC also maintained a 'buy' rating on HDFC Life after the earnings announcement, with a target price of Rs 900. 

According to HSBC, HDFC Life's Q1 performance was in line with estimates given its healthy annual premium equivalent (APE) growth and stable margin. 

HDFC Life's annualised premium equivalent (APE)--a measure of sales performance and growth potential--came in at 12.5 per cent on a year-on-year basis, translating to a two-year CAGR of 21 per cent, according to a company statement. 

Macquarie kept its 'underperform' rating on HDFC Life with a target of Rs 720 per share after the results announcement.

According to the brokerage, the life insurer's value of new business growth was along expected lines. 

HDFC Life said its VNB grew 12.7 per cent to Rs 809 crore during the quarter.

Its assets under management (AUM) rose 15 per cent to Rs 3,55,897 lakh crore, as of June 30. 

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