Mumbai, July 15, 2025 — HDFC Life Insurance Company Ltd has posted a robust financial performance for the first quarter of FY26, registering a 14% year-on-year increase in standalone net profit to ₹546 crore, up from ₹478 crore in the same period last year.
The insurer’s total premium income surged 16.1% to ₹14,875 crore, driven by an 18.6% rise in renewal premiums and a 13.6% increase in new business premiums. Net premium income stood at ₹14,466 crore, reflecting a 15% growth compared to Q1 FY25.
Assets Under Management (AUM) rose 15% year-on-year to ₹3.56 trillion, underscoring the company’s expanding portfolio and investor confidence. The Value of New Business (VNB) climbed 12.7% to ₹809 crore, with margins remaining steady at 25.1%.
Individual Annualised Premium Equivalent (APE) grew 12.5% year-on-year, translating into a two-year compound annual growth rate (CAGR) of 21%. The company also reported a 70 basis point increase in overall market share to 12.1%, and a 40 basis point gain within the private sector, taking its share to 17.5%.
Commenting on the results, Vibha Padalkar, Managing Director and CEO of HDFC Life, stated, “Q1 FY26 began on a strong note, with healthy growth across topline, value of new business and steady margins. Over 70% of new customers acquired in Q1 were first-time buyers, reflecting our deepening presence across Tier 1, 2, and 3 markets”.
Persistency metrics showed mixed trends, with the 13th-month ratio declining to 82.7% from 87.3%, while the 61st-month ratio improved to 61% from 59.9%. The company’s solvency ratio stood at a healthy 192%, well above the regulatory minimum of 150%.
Shares of HDFC Life closed at ₹757 apiece on the BSE, down 1% from the previous session. The insurer’s performance in Q1 positions it strongly for continued growth amid evolving market dynamics.
