HDFC Life reports 15% rise in Q3 net profit to Rs 421.31 cr
Mumbai: HDFC Life Insurance Company reported a 15% growth in consolidated net profit for the December quarter (Q3FY25), reaching Rs 421.31 crore, compared to Rs 367.54 crore in the same period last year.
Net premium income rose 10% year-on-year to Rs 16,832 crore from Rs 15,273 crore.
The growth in profit after tax (PAT) was primarily driven by a record 24% increase in individual annual premium equivalent (APE).
However, sequentially, PAT declined 3.2% from Rs 435.18 crore in the July-September quarter.
Meanwhile, net premium income saw a 13% quarter-on-quarter rise from Rs 16,614 crore.
HDFC Life's assets under management (AUM) grew 18% year-on-year, reaching Rs 3.3 lakh crore.
Persistency ratios improved notably, with the 13th-month persistency ratio rising to 87% and the 61st-month ratio increasing to 61%.
The solvency ratio remained robust at 188%, well above the regulatory requirement of 150%.
The company also highlighted its diversified product portfolio, with unit-linked products contributing 37%, non-par savings accounting for 35%, and protection products comprising 6% of individual APE.
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