Quarterly Result16 Apr 2026, 04:22 pm
HDFC Life FY26 PAT up 6% to ₹1,910 Cr; APE grows 8%
AI Summary
HDFC Life Insurance Company Ltd announced its audited financial results for the year ended March 31, 2026. Profit After Tax (PAT) grew 6% to ₹1,910 crore, or 16% excluding one-time labour code and GST impacts. New Business Annualized Premium Equivalent (APE) increased by 8% year-on-year, demonstrating a healthy two-year CAGR of 12%. The Value of New Business (VNB) reached ₹4,034 crore with margins of 24.2%. Retail protection business showed robust growth of 43% for FY26. Assets under Management (AUM) stood at ₹5.3 trillion. The Solvency Ratio was 177%, and the Board approved raising up to ₹1,000 crore via a preferential issue to HDFC Bank to bolster solvency.
Key Highlights
- FY26 PAT increased 6% to ₹1,910 crore (16% ex-one-time impacts).
- New Business APE grew 8% YoY, achieving a 12% two-year CAGR.
- Retail protection business registered strong 43% growth for FY26.
- VNB stood at ₹4,034 crore with margins of 24.2%.
- Solvency Ratio at 177%; Board approved ₹1,000 crore preferential issue.