HDFC Life Q3 Review - Steady Growth In Premium; New Business Margin Stable: Motilal Oswal

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 Company Ltd. reported ~28% YoY growth in premium, led by 40%/19% YoY growth in single/first year premium. Persistency trends improved across cohorts, with 13th/61st month persistency improving 100 basis points QoQ each to 92%/57%. Shareholders’ profit after tax grew 3% YoY to Rs 2.74 billion (10% miss).  Value of new business growth stood at 22% YoY (~11% beat), with VNB margin coming broadly in line at 26.7%. HDFC Life's embedded value operating profit after tax grew 18.6% YoY in 9MFY22 (16.2% growth post the impact of excess mortality reserve of Rs 6.5 billion).On the annual premium equivalent front, the individual protection business grew 20% YoY versus a 2% YoY growth in 9MFY22, while strong trends continued in annuity and non-par savings business. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

HDFC Life Q3 Review - Steady Growth In Premium; New Business Margin Stable: Motilal Oswal

HDFC Life Q3 Review - Steady Growth In Premium; New Business Margin Stable: Motilal Oswal

Choose a plan