HDFC Life Q4 Review - Strong FY21 Validates Execution Capability: ICICI Securities
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HDFC Life Q4 Review - Strong FY21 Validates Execution Capability: ICICI Securities

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 Securities Report

HDFC Life Insurance Company Ltd. has pulled off a strong FY21 with 14%/13% value of new business/ annual premium equivalent growth on FY20 annual premium equivalent base of more than Rs 70 billion.

This was driven by banca (29% individual APE growth in FY21) and par (107% individual APE growth in FY21).

With available growth levers for volumes as well as margins, we remain optimistic about the company’s ability to maintain more than a 15% APE growth trajectory with improving margins.

Click on the attachment to read the full report:

ICICI Securities HDFC Life Q4FY21 Results Update.pdf


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.

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