HDFC Life Q4 Review - Healthy Performance Backed By Fundamental Strength: ICICI Direct
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HDFC Life Q4 Review - Healthy Performance Backed By Fundamental Strength: ICICI Direct

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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.

ICICI Direct Report

HDFC Life Insurance Company Ltd. reported a steady performance led by healthy new business (led by diversified product mix) and renewal premium, steady persistency and investment income.

Gross premium growth remained healthy at 21.6% YoY to Rs 12,911 crore, led by steady traction in renewal to Rs 6,350 crore (up 14.9% YoY) and new business premium to Rs 6,560 crore (up 28.9% YoY).

On an annual premium equivalent basis, growth in premiums increased 36.3% YoY to Rs 2,806 crore.

Individual annual premium equivalent for FY21 was at Rs 7,120 crore, up 16% YoY.

Click on the attachment to read the full report:

ICICI Direct HDFC Life Q4FY21 Result Review.pdf

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