Global brokerage house Citi upgraded its rating on HDFC Life to buy from sell and also raised target price to Rs 600 from Rs 390, as value of new business (VNB) delivery was much ahead of expectations in Q1
Net Interest Income (NII) is expected to increase by 7.2 percent Y-o-Y (up 38.3 percent Q-o-Q) to Rs. 9,541.4 crore, according to Motilal Oswal.
In terms of business mix, the share of ULIPs increased to 59 percent in 9M FY19 vs 57 percent in FY18 and remained well within the management’s guided range of 50 percent -60 percent.
Listed private insurers have gained a significant edge over agency-led insurers and are now witnessing accelerated growth
While the core mortgage business is on a stable growth trajectory, the financial conglomerate stands to gain from equally strong performance of its subsidiaries. Investors cannot ignore this financial powerhouse.
While investing in the share of HDFC Standard Life can offer downside protection, investors will be better off with ICICI Prudential Life as it offers upside potential as well
ICICI Lombard General Insurance will be the first one to announce its results for the quarter ended June. It is scheduled to declare its numbers on July 17
While crop, motor losses impact general insurers’ books, protection products pull up life insurers’ profits
A report by Spark Capital said that they expect full year APE growth of HDFC Life to be ~35 percent year-on-year for FY18.
HDFC Standard Life Insurance Company Limited posted a good set of earnings in Q3. In an interview to CNBC-TV18, Amitabh Chaudhry, MD & CEO of HDFC Life spoke about the results and his outlook for the company.