HDFC Life Q1FY27: VNB Growth 9% to ₹879 Crore, PAT Up 12% to ₹611 Crore
HDFC Life reported Q1FY27 results with VNB growth of 9% to ₹879 crore and PAT up 12% to ₹611 crore. AUM crossed ₹4 lakh crore. Individual APE grew 7%, driven by strong growth in retail protection (42%) and credit protect (20%). The company aims for industry-aligned growth in FY27.
The announcement provides detailed financial results for the quarter, including key performance indicators like VNB, PAT, and AUM growth, which are crucial for investors and stakeholders to assess the company's financial health and future prospects.
The company reported positive financial results with growth in key metrics like VNB and PAT, alongside strong growth in specific business segments like retail protection. The AUM crossing a significant milestone also contributes to the positive sentiment.
HDFC Life Insurance Company Limited announced its financial results for the quarter ended June 30, 2026. The company reported a Value of New Business (VNB) growth of 9% to ₹879 crore, with New Business Margins (NBM) at 25.0%. Excluding the impact of GST, the NBM would have been 25.6%.
Profit after Tax (PAT) for the quarter grew by 12% year-on-year to ₹611 crore. Excluding the GST impact, the underlying PAT growth stood at 17%. The company's Assets Under Management (AUM) crossed ₹4 lakh crore, reaching ₹4,00,870 crore.
Vibha Padalkar, MD & CEO, HDFC Life, noted that while proprietary channels grew by 17%, the bancassurance channel saw moderate growth, resulting in Individual APE growth of 7%. Retail protection grew by 42%, retail sum assured by 31%, and credit protect by nearly 20%.
Niraj Shah, ED & CFO, highlighted that VNB grew 9% to ₹879 crore. He also mentioned that the company remains confident in its franchise strength and aims for FY27 growth to be in line with or faster than the industry, with VNB growth broadly in line with APE growth.
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HDFC Life Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by HDFC Life Insurance Company Limited. Read the original for the full detail.