ALFA Finder| Revenue growth | APE grew 9% YoY; VNB grew 9% to INR 879 Cr. |
|---|---|
| Margins | VNB margins at 25%; expecting expansion as GST impact neutralizes. |
| Demand visibility | Strong traction in protection and variable annuity products. |
| Management confidence | Confident in agency channel and HDFC Bank recovery. |
Growth
Individual APE/WRP grew 7-8%; overall APE grew 9%. Agency channel grew 21%; retail protection grew 42%.
Outlook
Targeting VNB growth in line with APE. Expect 15-17% industry growth; aims to grow slightly faster than industry.
Risks
Subdued HDFC Bank channel volumes; 60bps residual GST impact; moderating persistency in unit-linked cohorts.
Last quarter's promises, checked
Delivered
- Raise ₹750 Cr sub-debt → Raised ₹1,000 Cr via allotment (= BEAT)
- Neutralize GST margin impact → VNB margin at 25% (= BEAT)
- Launch variable annuity in Q4 FY26 → Launched and seeing momentum (= BEAT)
Partly delivered
- VNB growth in line with top line → APE 9% vs VNB 9% (= PARTIAL)
Missed
- Grow 16-18% (capacitized) → Delivered 9% APE growth (= MISS)
Investor Presentation filed with BSE, NSE: HDFCLIFE. Summary written with AI assistance from the document.
HDFC Life Insurance Company Ltd: key numbers
- Share price
- ₹597.80
- Market cap
- ₹1,29,877 Cr
- Revenue (annual)
- ₹99,432 Cr
- Net profit (annual)
- ₹1,912 Cr
- P/E (TTM)
- 63.4×Sector 20.8×
- Promoter holding
- 50.53%-0.01% QoQ
- FII holding
- 18.75%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from HDFC Life Insurance Company Ltd
All →HDFC Life Insurance Company Employee Stock Options
HDFC Life allotted 1,25,977 equity shares to employees under its ESOP schemes on November 12, 2026. Post-allotment paid-up capital stands at ₹21,72,71,49,580.
HDFC Life Insurance Company Debt & Borrowing
HDFC Life intimated a CRC meeting on November 16, 2026, to approve commercial terms for up to ₹500 Crore of unsecured subordinated NCDs. The filing only schedules the meeting; no terms are yet approved.
HDFC Life Insurance Company Debt & Borrowing: ₹57.15 Cr
HDFC Life intimated the record date for annual 7.63% interest on 74,900 listed NCDs. Coupon of ~₹57.15 Crore is payable December 15, 2026.
- Value
- ₹57.15 Cr
HDFC Life Insurance Company Annual General Meeting
HDFC Life seeks shareholder approval for an IFSC insurance office at GIFT City, a foreign branch. E-voting runs till November 26, 2026.
- Execution
- E-voting from October 28, 2026 to November 26, 2026
HDFC Life Insurance Company Investor Presentation: Key Takeaways
H1 FY27: VNB ₹2,037 cr (+12%), NBM 24.7%, PAT ₹1,119 cr (+13%), EV ₹66,461 cr, ROEV 14.9%, solvency 180%.
HDFC Life Insurance Company Other Announcement
HDFC Life filed its security cover certificate under Regulation 54(3) for the quarter ended September 30, 2026, confirming its NCDs are unsecured.