HDFC Life announced its H1 FY26 financial results, highlighting a consolidated Assets Under Management (AUM) that has crossed the ₹5 trillion mark. The company sustained its growth trajectory, driven by a 10% increase in Individual New Business and a 9% rise in Profit After Tax (PAT). HDFC Life continues to outperform sector growth, while maintaining a strong performance across all key metrics.
Key Financial Highlights for H1 FY26
HDFC Life reported a strong performance for the first half of fiscal year 2026. Key highlights include:
- Assets Under Management (AUM): Crossed the ₹5 trillion milestone.
- Individual New Business Growth: Recorded a 10% year-on-year increase.
- Value of New Business (VNB): Stood at ₹1,818 crore, a 10% year-on-year growth.
- Embedded Value (EV): Reached ₹59,540 crore.
- Profit After Tax (PAT): Increased by 9% year-on-year to ₹994 crore.
Market Position and Growth Strategy
HDFC Life gained 90 basis points in overall market share. The company’s solvency ratio stood at 175%. The company is focused on simplifying compliance and improving affordability, ensuring that the full benefits of GST exemption are passed on to its customers.
Management Commentary
Vibha Padalkar, Managing Director and CEO of HDFC Life, commented on the recent GST revisions, stating, “The recent GST revisions are a constructive structural shift aimed at simplifying compliance and improving affordability…we expect to see stronger demand over the medium to long term.”
Operational Performance
Operational performance indicators include:
- New Business Margin: 24.5%
- Operating Return on EV: 15.8%
- 13M Persistency: 86%
- 61M Persistency: 62%
Source: BSE