HDFC Life Q1 results preview, HDFC Life Q1 results date: Private sector life insurer HDFC Life Insurance Company is all set to report its financial results today, July 21. According to Zee Business research, HDFC Life is likely to report a 12.2 per cent year-on-year increase in standalone net profit to Rs 410 crore for the quarter ended June 30, 2023 driven by growth in new business premium. The insurer's net premium income is estimated to grow 20 per cent to Rs 11,130 crore for the first quarter of the current financial year, according to the research.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The analysts estimate the insurer's value of new business (VNB) — a key measure of revenue that determines the present value of future earnings from policies issued over a given period of time — to grow 27.5 per cent to Rs 650 crore. They peg the company's VNB margin to improve by 100 basis points on a year-on-year basis to 27.8 per cent.

According to Zee Business research, HDFC Life Insurance Company's annualised premium equivalent (APE) is expected to grow 22.9 per cent to Rs 2,340 crore. The analysts estimate its assets under management (AUM) to increase 26.5 per cent to Rs 2.53 lakh crore. Zee Business analysts peg HDFC Life's solvency ratio at 205 per cent for the quarter ended June 2023 from 178 per cent a year ago. A solvency ratio determines an insurer's ability to meet its financial obligations over the long term.

How HDFC Life Insurance Company fared in Q4

For the quarter ended March 31, 2023, HDFC Life reported a 0.3 per cent year-on-year increase in standalone net profit to Rs 358.6 crore over 35.9 per cent growth in net premium income to Rs 19,426.6 crore. Its value of new business increased 67.8 per cent to Rs 1,511 crore and VNB margin stood at 27.6 per cent for the final quarter of the financial year 2022-23, according to a regulatory filing.

HDFC Life's solvency ratio improved to 203 per cent from 176 per cent a year ago. Its assets under management increased 16.6 per cent to Rs 2.38 lakh crore for the quarter ended March 31, 2023.

HDFC Life share price history

As of July 19, HDFC Life shares have grown 23 per cent in value in one year, in line with a 19 per cent rally in the benchmark Nifty index.

Catch latest minute-by-minute stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.