HDFC Life - Mixed Q3 Performance: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
HDFC Standard Life Insurance Company Ltd.’s annualised premium equivalent grew by 18% YoY although individual APE continued to grow better at 20% YoY in Q3.
This has led to APE growth to move to positive 3% YoY in nine months FY21 from down 4% YoY in H1 FY21.
Continued growth across product segments on an individual basis was seen with the strong focus remaining on protection, PAR picking up strongly and recovery in the unit-linked insurance plan.
This balanced growth also led to a gradual uptick in margins of 50 basis points from H1 to nine-month FY21.
Click on the attachment to read the full report:
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 author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.