HDFC Life Insurance coverage Firm introduced a 15 per cent enhance in its consolidated web revenue for the December quarter, reaching ₹421.31 crore in comparison with ₹367.54 crore in the identical interval final 12 months. The corporate’s web premium revenue for Q3FY25 rose by 10 per cent, totaling ₹16,832 crore, up from ₹15,273 crore within the corresponding quarter of the earlier 12 months.
The expansion in revenue after tax (PAT) was pushed by a report 24 per cent rise in HDFC Life’s particular person annual premium equal (APE).
Nevertheless, on a sequential foundation, PAT decreased by 3.2 per cent from ₹435.18 crore reported in Q2FY24. Then again, the web premium revenue noticed a 13 per cent quarter-on-quarter enhance from ₹16,614 crore within the July-September interval.
Vibha Padalkar, the Managing Director and CEO of HDFC Life, talked about that the insurer skilled a 22 p.c development in particular person WRP (weighted acquired premium) for the 9 months ending in December, surpassing the business’s total development of 14 p.c. “Now we have witnessed each ticket measurement and quantity enlargement throughout this era. The variety of insurance policies has grown by 15 p.c, outperforming the non-public sector’s development of 9 p.c,” she mentioned.
AUM and different key financials
The insurance coverage big’s belongings beneath administration (AUM) grew by 18 per cent year-over-year, reaching ₹3.3 lakh crore. The persistency ratios noticed appreciable enchancment, with the Thirteenth-month persistency ratio rising to 87 per cent, and the 61st-month ratio rising to 61 per cent. The solvency ratio stayed robust at 188 per cent, comfortably exceeding the regulatory requirement of 150 per cent.
HDFC Life acknowledged that when it comes to distribution, it has a community of over 240,000 brokers, securing its place among the many prime three non-public life insurers based mostly on company energy. Moreover, the insurer boasts roughly 90 bancassurance partnerships. The corporate emphasised that its collaborations with banks, NBFCs, and digital ecosystems improve its market attain.
The corporate additionally highlighted its diversified product portfolio, with unit-linked merchandise accounting for 37 per cent, non-par financial savings for 35 per cent, and safety merchandise making up 6 per cent of particular person APE.
