HDFC Life’s Q2FY26 net profit rises 3% to Rs 448 crore; total premium up 15% YoY

HDFC Life Insurance Company Ltd reported a 3 percent year-on-year increase in consolidated net profit to Rs 448 crore for the quarter ended September 2025 (Q2 FY26), compared to Rs 435 crore in the same period last year.

HDFC Life Insurance Company on October 15, 2025, reported a 3 percent year-on-year increase in consolidated net profit to Rs 448 crore for the quarter ended September 2025 (Q2 FY26), compared to Rs 435 crore in the same period last year.

The insurer’s total premium income rose 15 percent year-on-year to Rs 34,162 crore, driven by growth across both new business and renewal segments, according to their investor presentation. New business premium grew 12 percent to Rs 16,222 crore, while renewal premium surged 18 percent to Rs 17,940 crore.

Individual Annualized Premium Equivalent (APE) stood at Rs 6,471 crore, marking a 10 percent rise from Rs 5,864 crore last year. The company’s Value of New Business (VNB) also grew 10 percent to Rs 1,818 crore, with new business margins at 24.5 percent.

HDFC Life’s Assets Under Management (AUM) Rs 5 lakh crore, rising 11 percent year-on-year to Rs 3,59,999 crore. The insurer’s Embedded Value (EV) climbed 14 percent to Rs 59,540 crore, while the Operating Return on EV (RoEV) stood at 15.8 percent on a rolling 12-month basis.

Persistency ratios remained steady, with the 13-month persistency at 86 percent and the 61-month persistency at 62 percent.

The company maintained a solvency ratio of 175 percent.

HDFC Life plans to raise up to Rs 750 crore in subordinated debt during the second half of FY26.

Market share gains continued, with HDFC Life capturing 11.9 percent of the overall market and 16.6 percent among private insurers.

Managing Director and CEO Vibha Padalkar said the recent GST revisions were a “constructive structural shift” that simplified compliance and improved affordability. “With product pricing now more attractive, we expect stronger demand over the medium to long term,” she added.