Home / Business and Economy / HDFC Life Profit Soars 11.89% in Q1 FY27
HDFC Life Profit Soars 11.89% in Q1 FY27
15 Jul
Summary
- HDFC Life reported Rs 611.19 crore net profit in Q1 FY27, an 11.89% increase YoY.
- Net premium income grew 14.39% to Rs 16,547.97 crore in Q1 FY27.
- Assets under management expanded by 13% to Rs 4,00,870 crore.
HDFC Life Insurance Company has reported a standalone net profit of Rs 611.19 crore for the first quarter of fiscal year 2027. This represents an increase of 11.89% compared to the same period last year.
Net premium income for Q1 FY27 rose by 14.39% year-on-year, amounting to Rs 16,547.97 crore. The insurer also experienced a 14.1% jump in net income from investments, reaching Rs 16,653.06 crore.
Total APE grew by 9% to Rs 3,515 crore, with individual APE increasing by 7%. New business premium saw a 12% rise, contributing to a 15% increase in total premium collections. Assets under management expanded by 13% to Rs 4,00,870 crore.
The company's solvency ratio stood at a comfortable 185%, well above the regulatory requirement. The value of new business (VNB) increased by 9% to Rs 879 crore, with a VNB margin of 25%.
