Canara HSBC Life Insurance Company Ltd Share Price – NSE /  BSE

Insurance, Small Cap

In the March quarter, standalone net premium income rose 13.21% YoY to Rs 3,060.66 crore, while sequential (QoQ) growth stood at 6.75%.

Profit before tax came in at Rs 38.61 crore, up 10.22% YoY and 25.19% QoQ. Profit after tax rose 8.23% YoY to Rs 34.73 crore, while jumping 25.61% sequentially.

That said, employee expenses surged 20.01% YoY and 30.60% QoQ to Rs 234.3 crore, suggesting continued investments in distribution and expansion.

For FY26, individual weighted premium income stood at Rs 2,593 crore, rising 19% YoY, outpacing both industry and private sector peers. Total APE grew 20% YoY to Rs 2,799 crore, while new business premium rose 25% to Rs 3,917 crore.

Total premium income climbed sharply to Rs 10,046 crore (up 25% YoY), while renewal premium increased to Rs 6,129 crore (up 25% YoY), reflecting a strengthening customer base.

On the profitability front, value of new business jumped 41% YoY to Rs 627 crore, with VNB margin expanding to 22.4% from 19.1%. Net profit for FY26 stood at Rs 127 crore, up 8% YoY.

Assets under management rose 12% YoY to Rs 46,118 crore, while embedded value reached Rs 7,233 crore with an operating RoEV of 20.7%, highlighting improving franchise value.

Operationally, persistency ratios improved, with the 13-month ratio at 86.3% and 61-month ratio at 55.4%. The solvency ratio stood at a comfortable 190%, indicating a strong capital position.

The company also saw traction in distribution, onboarding 500 new distributors during the year, while policy count grew 7% YoY to over 2.08 lakh.

Its product mix remained diversified, led by ULIPs at 51%, followed by non-par savings 19%, non-par protection 7%, par 8%, annuity 14% and fund-based business 1%.

Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank (36.5%) and HSBC Insurance (Asia Pacific) Holdings (25.5%). As a bancassurance-led insurance company with its corporate office at Gurugram, Haryana and 107 branch offices as of 31 March 2026, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks.

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Canara HSBC Life Insurance Co. announced that the Board of Directors of the Company at its meeting held on 28 April 2026, inter alia, have recommended the final dividend of Rs 0.4 per equity Share (i.e. 4%) , subject to the approval of the shareholders.

Net profit of Canara HSBC Life Insurance Company rose 8.23% to Rs 34.73 crore in the quarter ended March 2026 as against Rs 32.09 crore during the previous quarter ended March 2025. Sales rose 13.21% to Rs 3060.66 crore in the quarter ended March 2026 as against Rs 2703.47 crore during the previous quarter ended March 2025.

For the full year,net profit rose 8.23% to Rs 126.61 crore in the year ended March 2026 as against Rs 116.98 crore during the previous year ended March 2025. Sales rose 25.36% to Rs 9840.98 crore in the year ended March 2026 as against Rs 7850.24 crore during the previous year ended March 2025.

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Canara HSBC Life Insurance Company has allotted 25,000 unsecured, subordinated, listed, rated, redeemable, non cumulative, fully paid-up, non-convertible debentures in the nature of 'Subordinated Debt', each having a face value of Rs 1,00,000 (Debentures), for a nominal value of Rs 250 crore for cash, on private placement basis.

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