|
HDFC Life Insurance Company, on consolidated basis, has
recorded 15% increase in net profit to Rs 435.18 crore in the quarter ended
September 2024 (Q2FY2025). PBT has increased at strong pace of 33% to Rs 440.46
crore in Q2FY2025.
The total premium income has increased 13% to Rs 16,927
crore in Q2FY2025, driven by 13% jump in the renewal premium collection to Rs
8,831 crore. Further, the new business premium increased 14% to Rs 8,097 crore.
APE moved up 27% to Rs 3,855 crore as individual APE increased 31% to Rs 3,397
crore in Q2FY2025.
The company has exhibited an improvement in the persistency
level with 13th month persistency rising to 88% in Q2FY2025 from 86% in
Q2FY2024, while 61st month persistency also rose to 60% from 53%.
The value of new business (VNB) galloped 17% to Rs 938 crore
in Q2FY2025. New business margin for H1FY25 stood at 24.60% showing decline on
sequential basis from 25.00% for Q1FY25 and over a year ago from 26.20% in H1FY2024
due to change in the business mix.
The embedded value surged 21% Rs 52114.0 crore end September
2024. An operating return on embedded
value rose on sequential basis to 16.00% for H1FY2025 up from 15.50% in
Q1FY2025.
AUM of the company increased 23% to Rs 324,942 crore end
September 2024 from Rs 264,870 crore end September 2023 crore and also moved up
from Rs 310,244 crore end June 2024.
The consolidated Networth stood at Rs 14,767 crore end
September 2024, while the solvency ratio of the company was at 181% end
September 2024.
Embedded Value per share stood at Rs 242.1 per share at end
September 2024.
Financial
Performance H1FY2025:
HDFC Life Insurance Company has posted 15% increase
in the net profit to Rs 914.15 crore on consolidated basis in H1FY2025. Total
Premium increased 12% to Rs 29738 crore in H1FY2025, aided by renewal premium income
growth of 12% to Rs 15242 crore, while new business premium income also grew
12% to Rs 14497 crore. Value of New Business increased 17% to Rs 1656 crore and
new business margin declined to 24.6% in H1FY2025 from 26.2% in H1FY2024.
|
HDFC Life Insurance Company: Results Consolidated Policyholders
Account
|
|
|
2409 (3)
|
2309 (3)
|
Var %
|
2409 (6)
|
2309 (6)
|
Var %
|
2403 (12)
|
2303 (12)
|
Var %
|
|
Premium earned (net)
|
16613.72
|
14797.21
|
12
|
29162.14
|
26305.09
|
11
|
62112.05
|
56878.78
|
9
|
|
Income from Investments
|
11613.28
|
8106.54
|
43
|
25740.39
|
19737.24
|
30
|
38363.16
|
12604.39
|
204
|
|
Other income
|
69.16
|
100.81
|
-31
|
136.10
|
187.23
|
-27
|
336.40
|
465.05
|
-28
|
|
Contribution from the Shareholders` account
|
193.13
|
14.40
|
1241
|
200.72
|
33.16
|
505
|
129.46
|
879.49
|
-85
|
|
Total Income
|
28489.29
|
23018.96
|
24
|
55239.35
|
46262.72
|
19
|
100941.07
|
70827.71
|
43
|
|
Commission
|
1854.61
|
1188.45
|
56
|
3326.44
|
1851.30
|
80
|
5262.09
|
2890.59
|
82
|
|
Op. expenses related to Insurance business
|
1688.73
|
1745.85
|
-3
|
2962.12
|
3377.39
|
-12
|
6921.56
|
8449.48
|
-18
|
|
Others
|
116.23
|
76.33
|
52
|
228.09
|
130.87
|
74
|
318.32
|
404.73
|
-21
|
|
Benefits paid (Net)
|
10339.20
|
9356.67
|
11
|
19192.34
|
17451.67
|
10
|
39804.90
|
38971.53
|
2
|
|
Change in valuation of policy liabilities
|
14448.81
|
11032.75
|
31
|
29022.87
|
23597.97
|
23
|
48443.67
|
18590.16
|
161
|
|
Provision for taxation
|
-470.66
|
-611.46
|
-23
|
-569.05
|
-589.68
|
-3
|
-592.39
|
159.11
|
-472
|
|
Total Expense
|
27976.92
|
22788.59
|
23
|
54162.81
|
45819.52
|
18
|
100158.15
|
69465.60
|
44
|
|
PAT
|
512.37
|
230.37
|
122
|
1076.54
|
443.20
|
143
|
782.92
|
1362.11
|
-43
|
|
Transfer to Shareholders` account
|
387.40
|
136.55
|
184
|
655.30
|
369.23
|
77
|
806.87
|
1472.18
|
-45
|
|
HDFC Life Insurance Company: Results Consolidated Shareholders
Account
|
|
|
2409 (3)
|
2309 (3)
|
Var %
|
2409 (6)
|
2309 (6)
|
Var %
|
2403 (12)
|
2303 (12)
|
Var %
|
|
Amounts transferred from Policyholders` account
|
387.40
|
136.55
|
184
|
655.30
|
369.23
|
77
|
806.87
|
1472.18
|
-45
|
|
Income from investments
|
269.97
|
237.87
|
13
|
528.29
|
470.71
|
12
|
1006.59
|
723.91
|
39
|
|
Others
|
17.17
|
20.90
|
-18
|
32.28
|
30.44
|
6
|
58.95
|
92.78
|
-36
|
|
Total income
|
674.54
|
395.32
|
71
|
1215.87
|
870.38
|
40
|
1872.41
|
2288.87
|
-18
|
|
Expenses (apart from Insurance)
|
40.95
|
35.19
|
16
|
75.52
|
79.96
|
-6
|
168.81
|
151.84
|
11
|
|
Contribution to policyholders account
|
193.13
|
14.40
|
1241
|
200.72
|
33.16
|
505
|
129.46
|
879.49
|
-85
|
|
Others
|
0.00
|
13.54
|
-100
|
0.00
|
7.00
|
-100
|
4.47
|
-24.67
|
-118
|
|
Total Expenses
|
234.08
|
63.13
|
271
|
276.24
|
120.12
|
130
|
302.74
|
1006.66
|
-70
|
|
PBT
|
440.46
|
332.19
|
33
|
939.63
|
750.26
|
25
|
1569.67
|
1282.21
|
22
|
|
Tax
|
5.28
|
-46.01
|
PL
|
25.48
|
-44.64
|
PL
|
-4.41
|
-86.07
|
-95
|
|
PAT
|
435.18
|
378.20
|
15
|
914.15
|
794.90
|
15
|
1574.08
|
1368.28
|
15
|
|
EPS (Rs)*
|
8.1
|
7.0
|
|
8.5
|
7.4
|
|
7.3
|
6.4
|
|
|
EV (Rs)
|
242.1
|
199.6
|
|
242.1
|
199.6
|
|
220.7
|
183.9
|
|
|
* on current equity of Rs 2152.22 crore of face value of Rs 10
each
|
|
PL: Profit to Loss, LP: Loss to Profit
|
|
Figures in crore, Source: Capitaline Corporate Database
|
|