|
HDFC Life Insurance Company, on consolidated basis, has
recorded 15% increase in net profit to Rs 421.31 crore in the quarter ended
December 2024 (Q3FY2025). PBT has increased at healthy pace of 22% to Rs 452.37
crore in Q3FY2025.
The total premium income has increased 11% to Rs 17,275
crore in Q3FY2025, driven by 12% jump in the renewal premium collection to Rs
9,375 crore. However, the new business premium increased 11% to Rs 7,899 crore.
APE moved up 12% to Rs 3,572 crore as individual APE increased 12% to Rs 3,122
crore in Q3FY2025.
The company has exhibited an improvement in the persistency
level with 13th month persistency rising to 87% in Q3FY2025 from 86% in Q3FY2024,
while 61st month persistency also rose to 61% from 54%.
The value of new business (VNB) moved up 9% to Rs 930 crore
in Q3FY2025. New business margin for 9MFY25 stood at 25.10% showing decline on
sequential basis from 24.60% for H1FY25, while declined from 26.50% in 9MFY2024.
The embedded value increased 18% Rs 53246.0 crore end
December 2024. An operating return on embedded value was steady on sequential
basis to 16.00% for 9MFY2025 from 16.00% in H1FY2025.
AUM of the company increased 18% to Rs 328,684 crore end
December 2024 from Rs 279,707 crore end December 2023 crore and also moved up
from Rs 324,942 crore a quarter ago.
The consolidated Networth stood at Rs 15,224 crore end
December 2024, while the solvency ratio of the company was at 188% end December
2024.
Embedded Value per share stood at Rs 247.3 per share at end
December 2024.
Financial
Performance 9MFY2025:
HDFC Life Insurance Company has posted 15% increase
in the net profit to Rs 1335.46 crore on consolidated basis in 9MFY2025. Total
Premium increased 12% to Rs 47013 crore in 9MFY2025, aided by renewal premium income
growth of 12% to Rs 24617 crore, while new business premium income also grew
11% to Rs 22396 crore. Value of New Business increased 14% to Rs 2586 crore and
new business margin declined to 25.1% in 9MFY2025 from 26.5% in 9MFY2024.
|
HDFC Life Insurance Company: Results Consolidated Policyholders
Account
|
|
|
2412 (3)
|
2312 (3)
|
Var %
|
2412 (9)
|
2312 (9)
|
Var %
|
2403 (12)
|
2303 (12)
|
Var %
|
|
Premium earned (net)
|
16831.84
|
15273.25
|
10
|
45993.98
|
41578.34
|
11
|
62112.05
|
56878.78
|
9
|
|
Income from Investments
|
195.42
|
11372.04
|
-98
|
25935.81
|
31109.28
|
-17
|
38363.16
|
12604.39
|
204
|
|
Other income
|
70.90
|
70.53
|
1
|
207.00
|
257.76
|
-20
|
336.40
|
465.05
|
-28
|
|
Contribution from the Shareholders` account
|
-118.88
|
20.45
|
PL
|
81.84
|
53.61
|
53
|
129.46
|
879.49
|
-85
|
|
Total Income
|
16979.28
|
26736.27
|
-36
|
72218.63
|
72998.99
|
-1
|
100941.07
|
70827.71
|
43
|
|
Commission
|
1934.13
|
1246.99
|
55
|
5260.57
|
3098.28
|
70
|
5262.09
|
2890.59
|
82
|
|
Op. expenses related to Insurance business
|
1561.68
|
1780.60
|
-12
|
4523.80
|
5157.99
|
-12
|
6921.56
|
8449.48
|
-18
|
|
Others
|
175.77
|
66.87
|
163
|
403.86
|
197.74
|
104
|
318.32
|
404.73
|
-21
|
|
Benefits paid (Net)
|
9208.87
|
9894.74
|
-7
|
28401.21
|
27346.41
|
4
|
39804.90
|
38971.53
|
2
|
|
Change in valuation of policy liabilities
|
4322.08
|
13686.12
|
-68
|
33344.95
|
37284.09
|
-11
|
48443.67
|
18590.16
|
161
|
|
Provision for taxation
|
-33.64
|
-2.41
|
1296
|
-602.69
|
-592.09
|
2
|
-592.39
|
159.11
|
LP
|
|
Total Expense
|
17168.89
|
26672.91
|
-36
|
71331.70
|
72492.42
|
-2
|
100158.15
|
69465.60
|
44
|
|
PAT
|
-189.61
|
63.36
|
PL
|
886.93
|
506.57
|
75
|
782.92
|
1362.11
|
-43
|
|
Transfer to Shareholders` account
|
102.12
|
131.37
|
-22
|
757.42
|
500.61
|
51
|
806.87
|
1472.18
|
-45
|
|
HDFC Life Insurance Company: Results Consolidated Shareholders
Account
|
|
|
2412 (3)
|
2312 (3)
|
Var %
|
2412 (9)
|
2312 (9)
|
Var %
|
2403 (12)
|
2303 (12)
|
Var %
|
|
Amounts transferred from Policyholders` account
|
102.12
|
131.37
|
-22
|
757.42
|
500.61
|
51
|
806.87
|
1472.18
|
-45
|
|
Income from investments
|
273.01
|
282.18
|
-3
|
801.30
|
752.89
|
6
|
1006.59
|
723.91
|
39
|
|
Others
|
18.68
|
11.90
|
57
|
50.96
|
42.34
|
20
|
58.95
|
92.78
|
-36
|
|
Total income
|
393.81
|
425.45
|
-7
|
1609.68
|
1295.84
|
24
|
1872.41
|
2288.87
|
-18
|
|
Expenses (apart from Insurance)
|
59.64
|
38.66
|
54
|
135.16
|
118.62
|
14
|
168.81
|
151.84
|
11
|
|
Contribution to policyholders account
|
-118.88
|
20.45
|
LP
|
81.84
|
53.61
|
53
|
129.46
|
879.49
|
-85
|
|
Others
|
0.68
|
-3.09
|
PL
|
0.68
|
3.91
|
-83
|
4.47
|
-24.67
|
PL
|
|
Total Expenses
|
-58.56
|
56.02
|
LP
|
217.68
|
176.14
|
24
|
302.74
|
1006.66
|
-70
|
|
PBT
|
452.37
|
369.43
|
22
|
1392.00
|
1119.70
|
24
|
1569.67
|
1282.21
|
22
|
|
Tax
|
31.06
|
1.90
|
1535
|
56.54
|
-42.74
|
PL
|
-4.41
|
-86.07
|
-95
|
|
PAT
|
421.31
|
367.53
|
15
|
1335.46
|
1162.44
|
15
|
1574.08
|
1368.28
|
15
|
|
EPS (Rs)*
|
7.8
|
6.8
|
|
8.3
|
7.2
|
|
7.3
|
6.4
|
|
|
EV (Rs)
|
247.3
|
210.0
|
|
247.3
|
210.0
|
|
220.7
|
183.9
|
|
|
* on current equity of Rs 2152.80 crore of face value of Rs 10
each
|
|
PL: Profit to Loss, LP: Loss to Profit
|
|
Figures in crore, Source: Capitaline Corporate Database
|
|