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