Noida, Apr 16 (APAC Media): HDFC Life Insurance Company reported steady financial performance in the fourth quarter of FY26, supported by growth in key operating metrics including net premium income, net profit, and value of new business, according to its quarterly earnings statement released on Thursday.
Net profit for the quarter rose 4 per cent year-on-year to Rs 497 crore, compared with Rs 476 crore in the same period last year. The company attributed the improvement in profitability to steady underwriting performance, controlled expenses, and consistent renewal income flows.
📊 HDFC Life Q4 FY26 Financial Highlights
🟦 Net Profit
Rs 546 Crore | ████████░░ (+4% YoY)
🟩 Net Premium Income
Rs 25,829.43 Crore | ██████████████████ (+8.68% YoY)
🟪 Assets Under Management (AUM)
Rs 3.75 Lakh Crore | ████████████████ (+12% YoY)
🟨 Value of New Business (VNB)
+7% YoY | ████████░░
🟧 Dividend
Rs 2.10 per share | ★ Final FY26 payout
The insurer posted a net premium income of Rs 25,829.43 crore in Q4 FY26, registering an 8.68 per cent increase from Rs 23,765.56 crore in the corresponding quarter of FY25. The growth was driven by higher policy sales across protection and savings segments and stable traction in both individual and group businesses.
The board of HDFC Life approved a final dividend of Rs 2.10 per equity share for FY26. The dividend announcement reflects stable earnings generation and a strong solvency position maintained by the company throughout the financial year.
“During FY26, we continued to maintain our position among the top three private insurers by individual WRP. Our private sector market share stood at 15.2% for 11MFY26. We outperformed the broader industry in 2 key focus areas: the first one being retail protection, which grew 43%, and the second one being agency channel, which also grew ahead of industry.” Vibha Padalkar, CEO of HDFC Life, said.
Assets under management (AUM) rose 12 per cent year-on-year to Rs 3.75 lakh crore, supported by steady fund inflows and market-linked gains during the period. The insurer reported robust operational performance, with an overall claim settlement ratio of 99.8 per cent and an individual claim settlement ratio of 99.7 per cent.
Value of New Business (VNB), a key indicator of profitability from fresh policies, increased 7 per cent year-on-year. The improvement reflected a favorable product mix, with continued focus on protection-led and non-participating savings products, which typically carry higher margins.
Individual annualised premium equivalent (APE) for the quarter was in the range of Rs 5,000–5,500 crore, supported by steady business momentum across key distribution channels.
Total expenses remained under control during the quarter despite continued investments in technology, digital infrastructure, and customer acquisition initiatives. Operating efficiency remained stable, with expense ratios broadly in line with previous quarters.
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