Home / Business and Economy / Axis Max Life Sees 137% PAT Surge in H1 FY'27
Axis Max Life Sees 137% PAT Surge in H1 FY'27
30 Oct
Summary
- Consolidated PAT grew 137% to ₹219 crores in H1 FY'27.
- New business premium grew 12% to ₹4,368 crores with 10.1% market share.
- Protection business grew 37% YoY, annuities grew 130% YoY.
Max Financial Services Limited achieved a consolidated profit after tax (PAT) of ₹219 crores in the first half of FY'27, marking a substantial 137% year-over-year increase. Consolidated revenue, excluding investment income, grew by 16% to ₹17,484 crores.
Axis Max Life Insurance reported a 12% growth in new business premium, reaching ₹4,368 crores and capturing a 10.1% share of the private market. The Value of New Business (VNB) rose by 21% to ₹1,180 crores, with VNB margins expanding to 25.4%.
The company demonstrated strong performance in its protection segment, with pure retail protection business growing by 37% year-over-year. The annuity business saw exceptional growth, increasing by 130% in the second quarter of FY'27, following the launch of its SMART RISE plan.
Renewal premium grew by 18% to ₹11,247 crores in H1 FY'27, contributing to a 17% increase in Gross Written Premium to ₹18,066 crores. The company's embedded value stood at ₹31,437 crores as of September 30, 2026.
