BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
We conducted a deep dive comparative analysis of the annual reports of the top three private life insurers.
Our analysis revealed that -of-in-force unwind conversion to profit after tax has deteriorated across companies with the worst hit being ICICI Prudential Life Insurance Company Ltd. (61.9% down 7,586 basis points since FY17).
HDFC Standard Life Insurance Company Ltd./SBI Life Insurance Company Ltd. continued to report stable conversion trends at 94.7/74.9% for FY20.
With life insurers focusing on growing non-participating businesses, return on average equities (RoAE) continue to slide as the new business strain has increased.
HDFC Life/SBI Life reported non-linked RoAE of 9.1/10.6% (down 851/down 1,251 basis points since FY17) versus ICICI Prudential’s 21.3% i.e. down 5,581 basis points since FY17.
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
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