HDFC Life Insurance Company Limited announced its financial results for the half year ended September 30, 2025 (H1 FY26), reporting strong performance across key parameters, including growth in assets, profitability, and market share.
The insurer’s profit after tax (PAT) increased 9% year-on-year to Rs 994 crore, supported by consistent growth in new business and robust persistency ratios. The company’s Assets Under Management (AUM) surpassed the Rs 5 trillion milestone, marking a major achievement in its 25-year journey.
Individual New Business, measured in terms of Annualized Premium Equivalent (APE), grew 10% YoY, with a 2-year CAGR of 20%. The Value of New Business (VNB) stood at Rs 1,818 crore, up 10% YoY, maintaining a strong margin of 24.5%. HDFC Life also recorded a market share gain of 90 basis points at the overall level to 11.9%, and within the private sector, up 30 bps to 16.6%.
The Embedded Value (EV) rose 14% YoY to Rs 59,540 crore, with an operating RoEV of 15.8%. Persistency ratios remained stable with 13-month persistency at 86% and 61-month at 62%, highlighting the company’s customer retention strength.
Commenting on the results, Vibha Padalkar, Managing Director and CEO, HDFC Life, said:
“The recent GST revisions are a constructive structural shift aimed at simplifying compliance and improving affordability. We have ensured that the full benefits of the GST exemption are passed on to our customers. With pricing now more attractive across segments, we expect stronger demand over the medium to long term.”
Padalkar added that the company remains confident about sustaining growth momentum in H2 FY26, driven by healthy demand across product categories and improving consumer sentiment.
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