HDFC Life Insurance on April 17 reported a net profit of Rs 477 crore for the fourth quarter of FY25, up by 16 percent from Rs 412 crore recorded in the year-ago period.
The net premium income of the insurer came in at Rs 23,766 crore, up 16 percent from Rs 20,488 crore in the year-ago quarter.
The insurer declared final dividend of Rs 2.1 per share for FY25.
The shares of the insurer on BSE closed trading at Rs 719 apiece on April 17, 0.4 percent higher.
Its value of new business (VNB) rose by 11.5 percent year-over-year to Rs 1,376 crore in Q4, compared to Rs 1,234 crore in the year-ago period.
The solvency ratio of the insurer stood at 194 percent, up from 187 percent a year ago.
Vibha Padalkar, Managing Director and CEO of HDFC Life, commented: “FY25 was a year where we deepened our reach, continued sharpening our value propositions and demonstrated the resilience of our business model. We are happy to report an 18% growth in Individual APE for FY25, in line with our stated growth aspirations for the year. Our overall industry market share expanded by 70 bps to 11.1% and by 30 bps to 15.7% within the private sector. Retail protection continued to show strong momentum with APE growth of 25%. All channels registered double-digit growth. We continue to enhance customer experience through intuitive digital platforms, with over 90% of service requests now handled via self-service.
"As we enter our 25th year of existence, our aspiration remains, against a backdrop of a stable regulatory regime, to consistently outpace sector topline growth, deliver VNB growth in line with APE growth and double key metrics every 4 to 4.5 years.”
Record date for the purpose of ascertaining the entitlement of the shareholders’ for the final dividend shall be Friday, June 20, 2025. The payment of final dividend will be made on or after July 21, 2025.
The company's annualised premium equivalent (APE), which is a measure of new business written by a life insurance company, rose by 10 percent to Rs 5,186 crore versus Rs 4,727 crore in the year-ago period.
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