HDFC Life Insurance net profit rises 14.4% to ₹546 crore, total APE at ₹3,225 crore

Total annualised premium equivalent (APE) grew by 12.5% year-on-year (YoY) to ₹3,225 crore in Q1 FY26 as compared to ₹2,866 crore a year back. Individual APE increased 12.5% year-on-year (YoY) to ₹2,777 crore in the latest June quarter.

Value of New Business (VNB) rose by 12.7% YoY to ₹809 crore, with VNB margin was 25.1%.

The insurer's assets under management (AUM) was at ₹3,55,897 lakh crore as of June 30, 2025, reflectig an increase of 15% YoY.

HDFC Life Q1 results: Key financial summary

Solvency ratio stood at 192%, which is comfortably above the regulatory threshold of 150%

Vibha Padalkar, Managing Director and CEO of HDFC Life, commented, "Q1 FY26 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 stated that the MSCI has upgraded the insurer's ESG rating from 'A' to 'AA', placing it amongst the highest-rated insurers in India and the region.