Canara HSBC Life Insurance Company Ltd Q4 FY26 Results
CANHLIFEQ4 FY26 ResultsAnnounced 28 Apr, 6:24 pm| Metric | Value (₹ Cr) | vs Q3 FY26 |
|---|---|---|
| Revenue | -41.46 | 132.0% |
| Total Income | -41.46 | 132.0% |
| Expenditure | -80.07 | 181.2% |
| PBT | 38.61 | 25.2% |
| Net Profit | 34.73 | 25.6% |
| OPM | -93.13% | 116.95pp |
| NPM | -83.77% | 105.12pp |
| EPS | 0.37 | 27.6% |
Canara HSBC Life FY26 WPI up 19%; Gross Premium crosses ₹10,000 Cr
28 Apr 2026 · 28 Apr, 6:54 pm
Summary
Canara HSBC Life Insurance delivered a strong performance in FY26, closing the fiscal year with a 19% year-on-year growth in Individual Weighted Premium Income (WPI) to ₹2,593 crore. The Value of New Business (VNB) saw a significant increase of 41% year-on-year, reaching ₹627 crore, accompanied by an improved VNB Margin of 22.4%. Total Premium Income surpassed ₹10,000 crore, growing by 25% year-on-year to ₹10,046 crore, while Profit After Tax (PAT) rose 8% to ₹127 crore. MD & CEO Anuj Mathur highlighted the company's outperformance in WPI growth and strengthening of its protection portfolio, further stating that the Indian life insurance sector is entering a sustained growth phase.
Key Highlights
- 1
Canara HSBC Life Insurance closed FY26 with a 19% year-on-year growth in Individual Weighted Premium Income (WPI), reaching ₹2,593 crore.
- 2
The Value of New Business (VNB) surged by 41% year-on-year to ₹627 crore, with the VNB Margin improving significantly to 22.4% for FY26.
- 3
Total Premium Income for FY26 crossed the ₹10,000 crore mark, reaching ₹10,046 crore, reflecting a robust 25% year-on-year growth.
- 4
Profit After Tax (PAT) increased by 8% year-on-year to ₹127 crore for the fiscal year ended March 31, 2026.
- 5
Assets Under Management (AUM) grew by 12% year-on-year to ₹46,118 crore.
- 6
The company recorded its best-ever claims settlement ratio at 99.6% and improved its 13th month persistency ratio to 86.3% in FY26.
- 7
Canara HSBC Life Insurance successfully listed on Indian stock exchanges in October 2025, marking a significant institutional milestone.
Management Comments
Anuj Mathur
Our first annual results since listing reflect a business that has delivered growth with discipline and balance. We have outperformed the industry on WPI growth, strengthened our protection portfolio, seen significant growth in value of new business and improved VNB margins. While a proven Bancassurance model continues to be our engine of growth, we are committed to diversify our distribution mix by scaling the Agency channel in a phased manner. We continue to look at consistently delivering superior customer experience, with superior persistency and claims settlement ratio. With structural enablers such as the removal of GST on individual life insurance, the Indian life insurance sector is entering a sustained growth phase. Our focus remains on participating in this growth responsibly, while creating enduring value for customers, partners, and shareholders.
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