HDFC Life Insurance Company Ltd. has announced a consolidated net profit of Rs 497.49 crore for the fourth quarter of fiscal year 2026 (Q4 FY26). This represents a 4.65% increase compared to Rs 475.36 crore recorded in the same quarter last year.
During the quarter, the private insurer's net premium income saw a significant rise of 9.04% year-on-year, reaching Rs 25,998.42 crore. However, the company experienced a notable shift in its investment performance, reporting a net loss from investments of Rs 6,487.58 crore in Q4 FY26, a stark contrast to a profit of Rs 18.99 crore in the year-ago period.
Annual Performance Highlights
For the full fiscal year 2026, HDFC Life recorded a 6% year-on-year increase in profit after tax (PAT), reaching Rs 1,910 crore, up from Rs 1,802 crore in FY25.
- Total Annual Premium Equivalent (APE) grew by 8% year-on-year to Rs 16,641 crore.
- Individual APE increased by 7% to Rs 14,635 crore.
- New business premium rose 8% to Rs 36,096 crore.
- Renewal premium climbed 15% to Rs 43,291 crore, contributing to a 12% rise in total premium collections, which stood at Rs 79,387 crore.
Key Financial Metrics and Market Share
Assets Under Management (AUM) expanded by 12% year-on-year, reaching Rs 3,75,198 crore. The Indian Embedded Value (IEV) also saw a 12% increase, totaling Rs 62,139 crore, while the Value of New Business (VNB) grew by 2% to Rs 4,034 crore.
Vibha Padalkar, Managing Director and CEO of HDFC Life, commented on the performance, stating, "During FY26, we continued to maintain our position among the top three private insurers by individual WRP. Our private sector market share stood at 15.2 per cent for 11MFY26. We outperformed the broader industry in two key focus areas: retail protection, which grew 43 per cent, and the agency channel, which also grew ahead of the industry." She further highlighted that retail sum assured growth for 11MFY26 surpassed the industry average, reinforcing the quality of the business mix, with retail protection being a significant highlight due to lower pricing post-GST and an enhanced product portfolio.
Final Dividend Announcement
The company's board has recommended a final dividend of Rs 2.10 per equity share, with a face value of Rs 10, for FY26. This payout is contingent upon shareholder approval at the upcoming annual general meeting (AGM). The financial results were disclosed after market hours. Earlier in the day, HDFC Life shares closed 1.41% lower at Rs 631.55.