HDFC Life posted a 14.4 percent year-on-year growth in profit in the first quarter of fiscal year 2025-26. The company’s profit jumped from Rs 477.6 crore in Q1FY25 to Rs 546.4 crore in Q1FY26.
Furthermore, HDFC Life’s Value of New Business (VNB) increased by 12.7 percent YoY. For Q1FY26, the Value of New Business for the company stood at Rs 809 crore. Additionally, the new business margins for the company have increased to 25.1 percent.
Healthy topline
HDFC Life reported 12.5 percent YoY growth in Individual Annualised Premium Equivalent (APE) in the quarter. Its market share also improved by 70 basis points, taking the overall market share of the company to 12.1 percent.
HDFC Life’s total APE stood at Rs 3225 crore in Q1. Its APE grew by 12.5 percent YoY as it was Rs 2866 crore in the corresponding quarter of the previous fiscal year. HDFC Life’s total premium amount stood at Rs 14,875 crore in Q1FY26 against Rs 12,811 crore in Q1FY25, posting a 16.1 percent growth.
Vibha Padalkar, Managing Director and CEO of HDFC Life, 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.” He added that the company aspires to continue to outpace industry growth whilst sustaining its position as a market leader amongst the top 3 in India.
HDFC Life reported a total of Rs 3,55,897 crore in Assets Under Management in Q1FY26. Company’s AUM has grown by 14.7 percent YoY, as it was Rs 3,10,244 crore in Q1FY25.