For the first half of FY26, the company reported PAT of ₹994 crore, up 9% year-on-year. Individual new business annualised premium equivalent (APE) increased 10% to ₹6,471 crore, contributing to total APE of ₹7,413 crore.
Total new business premiums, including individual and group segments, rose 12% to ₹16,222 crore, while renewal premiums increased 18% to ₹17,940 crore, resulting in total premiums of ₹34,162 crore, a 15% YoY gain.
The value of new business (VNB) for first half of FY26 stood at ₹1,818 crore, reflecting 10% growth compared with first half of FY25. Embedded value (EV) increased to ₹59,540 crore, with an operating return on EV of 15.8% on a rolling 12-month basis.Persistency ratios remained stable, with 13-month and 61-month persistency at 86% and 62%, respectively.
The solvency ratio was reported at 175%, influenced by dividend payouts, repayment of ₹600 crore in subordinated debt, and GST-related adjustments.
HDFC Life’s market share in individual weighted received premium (WRP) was 11.9%, up 90 basis points from the previous year, and 16.6% within the private sector, up 30 basis points.
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