HDFC Life reported a 4% year-on-year (YoY) increase in profit after tax to Rs 496 crore for the March quarter. Net premium income rose 9% YoY to Rs 25,829 crore, indicating steady traction in core business despite a challenging operating environment.
The board recommended a final dividend of Rs 2.1 per share for FY26, subject to shareholder approval. The record date is June 19, with payment expected on or after July 20.
The insurer reported 8% growth in new business (APE) for FY26, translating into a two-year CAGR of 12%. Retail protection continued to be a key growth driver, rising 46% in Q4 and 43% for the full year, with its share in the business mix expanding.
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The company maintained an overall industry market share of 11%, while retail sum assured grew 28% year-on-year, reinforcing focus on higher-quality business.
Value of new business stood at Rs 4,034 crore for FY26, with margins at 24.2%, while embedded value rose to Rs 62,139 crore. Assets under management, including pension assets, stood at Rs 5.3 trillion, reflecting scale and steady inflows.Annual profit grew 6% to Rs 1,910 crore, although underlying growth was higher after adjusting for one-offs.
The solvency ratio remained comfortable at 177%, with the proposed capital infusion from HDFC Bank expected to further strengthen the balance sheet.
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