The company’s net premium income rose 16% at Rs 14,466 crore versus Rs 12,510 crore posted in the year-ago period.
The company’s profit after tax (PAT) was 15% higher on a sequential basis versus Rs 477 crore reported in Q4FY25.
ETMarkets.comHowever, the net premium income fell sharply by 39% as compared to Rs 23,766 crore in the January-March quarter of FY25.
Other Key Takeaways
— Topline Growth: Individual Annualized Premium Equivalent (APE) grew by 12.5% YoY, translating into a robust 2-year CAGR of 21%.– Market Share: The company outperformed the overall industry and private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%, the exchange filing said.– Value of New Business (VNB) for Q1 FY26 stood at Rs 809 crore, a growth of 12.7% YoY and a 2-year CAGR of 15% with new business margins improving to 25.1%.
— Assets under Management (AUM) stood at Rs 3,55,897 lakh crore as on June 30, 2025, an increase of 15% YoY.
— Persistency: Persistency metrics remained healthy, with 13th and 61st month persistency at 86% and 64% respectively. 61st month persistency improved across cohorts, supported by stronger retention in long-term savings products.
— Embedded Value (EV) increased to Rs 58,355 crore, with an operating RoEV of 16.3% on a rolling 12-month basis.
Management Commentary
Commenting on the company’s Q1 earnings, Vibha Padalkar, Managing Director and CEO of HDFC Life, said that the first quarter began on a strong note, with healthy growth across topline, value of new business, and steady margins.
“We outperformed both the overall industry and the private sector, resulting in a 70 bps increase in our market share at the overall level to 12.1%, a new milestone for us, and a 40 bps gain within the private sector, taking our share to 17.5%. Moreover, over 70% of new customers acquired in Q1 were first-time buyers with HDFC Life, underscoring our customer acquisition strength and deepening presence across Tier 1, 2, and 3 markets,” she said.
“While the external environment remains dynamic, our fundamentals have held strong, anchored in a balanced product mix, a diversified distribution footprint, and a consistent focus on innovation, customer centricity and disciplined execution. Our aspiration is to continue to outpace industry growth whilst sustaining our position as a market leader amongst the top 3 in India,” she further added.
