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. reported an in-line growth in premium, led by a 24%/17% YoY growth in the first year/renewal premium.
Persistency trends improved across cohorts, with 13th/61st month improving 300 basis points each YoY to 91%/56%. However, there was a miss on shareholders’ earnings by 20% due to higher Covid-19 claims settled.
HDFC Life Insurance's of new business growth stood at 24% YoY (~6% beat), with VNB margin improving by around 100 bps YoY to 26.6%, aided by strong trends in Credit Life.
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