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HDFC Life Insurance’s solvency ratio stood at 187 per cent, up from 203 per cent a year ago.
HDFC Life Q4 Results: Its net premium income stood at Rs 20,488 crore, a 5.4 per cent increase as compared with Rs 19,426 crore a year ago
Private sector insurer HDFC Life Insurance on Thursday, April 18, reported a 14.8 per cent jump in its net profit to Rs 411 crore for the January-March 2024 quarter. It surpasses the market expectation of 6.1 per cent growth in profit to Rs 382.1 crore.
HDFC Life Insurance’s net profit had stood at Rs 358 crore in the corresponding period last year.
Its net premium income stood at Rs 20,488 crore, a 5.4 per cent increase as compared with Rs 19,426 crore a year ago.
The insurer’s solvency ratio stood at 187 per cent, up from 203 per cent a year ago.
The total annual premium equivalent (APE) was at Rs 4,727 crore against Rs 5,162 crore a year ago. Its value of new business (VNB) was at Rs 1,234 crore, down 18.3 per cent.
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