HDFC Life Q3 Results: PAT climbs 14% to ₹415 crore, total income falls 37%

However, the company reported a 36.64% year-on-year dip in its total income, which dropped to ₹16,914 crore in the quarter ended December 31 of FY25, compared to ₹26,694 crore in the year-ago period.

Although its solvency ratio declined to 188% from 190% as of December 31, 2023, it was above the regulatory requirement of 150%.

HDFC 9M FY25 ended result

The company’s assets under management (AUM) grew 18% to ₹3.29 lakh crore in the nine months ended December 31 of FY25 from ₹2.80 lakh crore in the year-ago period.

HDFC Life saw a 15% rise in its 9MFY25 profit, which jumped to ₹1,326 crore from ₹1,157 in the same period a year earlier.

Its Value of New Business (VNB) increased 14% year-on-year to ₹2,586 crore in 9MFY25, compared to ₹2,267 crore it previously recorded.

“We have registered a healthy growth of 22%, based on individual WRP for 9MFY25, outpacing overall industry growth of 14%. We have witnessed both ticket size and volume expansion during this period. The number of policies has grown by 15%, outperforming the private sector's growth of 9%,” commented Vibha Padalkar, the Managing Director and CEO of HDFC Life.

“Retail protection continues to grow well. Retail protection APE for nine months saw a growth of 28%. We are committed to adapting to the evolving market landscape with agility and resilience. This includes continued investment in distribution, tech and customer-centric product innovations to deliver long-term value for our stakeholders,” Padalkar added.