HDFC Life Q3 results 2024: Profit rises 16% to Rs 365 crore

HDFC Life Q3 results 2024: HDFC Life on Friday reported a 16 per cent increase in net profit to Rs 365 crore in the third quarter ended December. The private sector insurer's profit stood at Rs 315 crore in the year-ago period, HDFC Life said in a regulatory filing.

Total income increased to Rs 26,694 crore in the latest December quarter from Rs 19,693 crore in October-December 2022.However, the company's solvency ratio declined to 190 per cent from 209 per cent as on December 31, 2022.

The regulatory requirement is 150 per cent. For the nine-month period ended December, the life insurer posted a profit of Rs 1,157 crore as against Rs 1,001 crore in the corresponding period a year ago.