Quarterly Result20 Jul 2026, 04:50 pm
Canara HSBC Life Insurance Q1 FY27: APE Up 19%, VNB Rises 29%
AI Summary
Canara HSBC Life Insurance Company Ltd reported strong business momentum for the quarter ended June 30, 2026. The company's Annualised Premium Equivalent (APE) grew by 18.8% year-on-year to ₹585 crore, while Value of New Business (VNB) surged by 28.8% to ₹124 crore. New Business Premium increased by 25.2% to ₹1,044 crore. The protection business showed significant growth, up 41.5% YoY, contributing 13% to the total APE. Profit After Tax (PAT) rose by 20.2% to ₹28 crore. Assets Under Management (AUM) grew by 13.8% to ₹49,683 crore. The company highlighted its diversified distribution model and strategic partnerships, including one with West Bengal Gramin Bank, as key drivers for its performance.
Key Highlights
- APE grew 18.8% YoY to ₹585 crore.
- VNB increased 28.8% YoY to ₹124 crore.
- New Business Premium up 25.2% YoY to ₹1,044 crore.
- Protection business APE grew 41.5% YoY.
- PAT increased 20.2% YoY to ₹28 crore.
Price Impact
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