HDFC Life Insurance Company Ltd Share Price – NSE /  BSE

Insurance, Mid Cap

HDFC Life Insurance Company has allotted 320,589 equity shares to the eligible option holders pursuant to exercise of stock options by them under various Employee Stock Option Schemes.

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Net income from investments climbed 43.26% to Rs 11,610.77 crore in Q2 FY25 as compared to Rs 8,104.41 in Q1 FY24.

Profit before tax stood at Rs 437.56 crore in Q2 FY25, registering a growth of 32.32% as against Rs 330.68 crore posted in the corresponding quarter previous year.

On half yearly basis, the company's standalone net profit rose 14.96% to Rs 910.64 in H1 FY25 from Rs 792.13 crore registered in the same period a year ago. Net premium income in H1 FY25 stood at Rs 29,079.32 crore, up by 10.83% over H1 FY24.

Assets under management (AUM) jumped 23% YoY to Rs 3,24,942 crore in H1 FY25 as compared to Rs 2,64,870 crore reported in the same period last year.

The value of new business (VNB) rose 17% to Rs 1,656 crore in H1 FY25 from Rs 1,411 crore posted in H1 FY24.

The company's Indian embedded value (IEV) in H1 FY25 was at Rs 52,114 crore, registering a growth of 21% YoY.

The life insurer's new business margin fell to 24.6% in H1 FY25 as against 26.2% recorded in H1 FY24. The solvency ratio slipped to 181% in H1 FY25 from 194% recorded in H1 FY24.

A persistency ratio for the 13th and 61st months has improved to 88% and 60%, respectively. This represents a significant increase of 120 basis points and 730 basis points compared to the previous year, highlighting the company's effectiveness in engaging with and retaining customers.

Vibha Padalkar, MD & CEO, said, “The private sector and overall industry continued its strong momentum in Q2, growing in H1FY25 by 24% and 21% respectively on an individual weighted received premium basis. We have outperformed the private sector by growing at 28% during this period and 19% on a 2 year CAGR basis. We registered an increase of 22% in the number of policies, which was significantly ahead of the private sector growth of 13%. We experienced secular growth trends across Tier 1, Tier 2 and Tier 3 geographies

On the regulatory front, we have successfully relaunched more than 40 top products contributing to about 95% of the business, in alignment with revised regulations as on 1 October 2024 and we plan to relaunch other products during the course of the quarter. We are thankful to the regulator in allowing us an additional time of three months for transitioning to the new product regulations.

Furthermore, we are happy to inform that HDFC Life continues to be recognised for its commitment to sustainability and responsible governance. HDFC Life's S&P Global ESG score saw an improvement of over 20% versus last year and we continue to be rated well amongst regional insurers. Our MSCI ESG Rating has also been upgraded to ‘A’.

We remain focused on driving sustainable growth and strengthening our leadership across key segments. We will continue to invest in customer-centric innovations to ensure we meet evolving needs and remain resilient in a dynamic market. We are confident in our ability to deliver long-term value for our stakeholders, whilst adapting to the evolving market landscape with agility and resilience.”

HDFC Life Insurance Company is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as protection, pension, savings, investment, annuity, and health. The company has more than 80 products (including individual and group products) and optional riders in its portfolio, catering to a diverse range of customer needs.

The scrip slipped 3.45% to settle at Rs 714.40 on the BSE.

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Net profit of HDFC Life Insurance Company rose 15.07% to Rs 435.18 crore in the quarter ended September 2024 as against Rs 378.20 crore during the previous quarter ended September 2023. Sales rose 12.28% to Rs 16613.72 crore in the quarter ended September 2024 as against Rs 14797.21 crore during the previous quarter ended September 2023.

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HDFC Life Insurance Company Ltd gained for a fifth straight session today. The stock is quoting at Rs 736.45, up 1.74% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25137.7. The Sensex is at 82005.67, up 0.77%. HDFC Life Insurance Company Ltd has gained around 5% in last one month.

Meanwhile, Nifty Financial Services index of which HDFC Life Insurance Company Ltd is a constituent, has gained around 0.62% in last one month and is currently quoting at 23612.55, up 0.96% on the day. The volume in the stock stood at 22.18 lakh shares today, compared to the daily average of 28.86 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 738.5, up 1.81% on the day. HDFC Life Insurance Company Ltd is up 16.89% in last one year as compared to a 27.4% jump in NIFTY and a 20.32% jump in the Nifty Financial Services index.

The PE of the stock is 95.46 based on TTM earnings ending June 24.

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