BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
HDFC Life Insurance Co. saw higher Covid-19 claims and settled gross claims of ~Rs 16 billion (over 70,000) – as claims during the second Covid-19 wave have been three to four times the peak claims seen during the first wave.
The company made an excess mortality reserve of Rs 7 billion towards potential Covid claims, which dented earnings and embedded operating profit growth.
On the annual premium equivalent front, the individual protection business declined 4% YoY as HDFC Life remains cautious over the near term.
On the other hand, strong trends continued in the non-participating/annuity and credit life segments. Thus, the share of non-par/annuity in the total APE increased to 27%/6%.
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