| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 12.8K | 3.6% |
| Total Income | 12.8K | 3.5% |
| Expenditure | 12.7K | 2.8% |
| PBT | 101.48 | 321.4% |
| Net Profit | 86.45 | 125.8% |
| OPM | 0.92% | 0.76pp |
| NPM | 0.67% | 0.36pp |
| EPS | 2.03 | 111.5% |
Axis Max Life Reports 23% YoY Growth in Individual Adjusted First Year Premium in Q1 FY’26
07 Aug 2025 · 7 Aug 2025, 08:03 pm
Summary
Max Financial Services Ltd. reported an 18% growth in consolidated revenue excluding investment income in Q1 FY’26. Axis Max Life Insurance Limited’s Individual Adjusted First Year Premium grew 23% YoY, gross written premium increased by 18% YoY, and Value of New Business (VNB) increased by 32% YoY. The company also reported an embedded value growth of 20%.
Key Highlights
- 1
Max Financial Services Limited reports 18% growth in consolidated revenue excluding investment income
- 2
Axis Max Life Insurance Limited’s Individual Adjusted First Year Premium grew 23% YoY
- 3
Gross Written Premium: 26,397 crores, up 18% Year-on-Year (YoY)
- 4
VNB (measure of profitability) at 335 crores, up 32% YoY; New business margin improved by 260 bps to 20.1%
- 5
Embedded Value at 326,478 crores, grows 20% with an Operating RoEV of 14.3%
- 6
Individual New Business Sum Assured grew by 26%
- 7
Assets Under Management (AUM) at %1,83,211 crores, up by 14%
- 8
New retail policy sales increase by 10%
Management Comments
Prashant Tripathy
CEO and Managing Director, Axis Max Life
We have started the fiscal on a positive momentum, achieving a 23% year-on-year increase in Individual Adjusted First Year Premium. This robust growth is built on a foundation of a balanced product mix, a wide-reaching and diversified distribution network, and a relentless focus on innovation to meet the emergent customer needs. Our New Business Margin improved significantly to 20.1% in the first quarter, while the Value of New Business (VNB) saw a 32% year- on-year growth reflecting a proactive and strategic market approach, delivering a 121 basis point gain in Axis Max Life’s private industry market share. This performance not only demonstrates our operational efficiency but also the ability to generate sustainable, long-term value.
Informational and educational content only. Not investment advice.