HDFC Life Share Price Dips 2.76%; AUM Crosses ₹5 Trillion in H1 FY26 Results

HDFC Life Insurance Company Limited reported robust standalone and consolidated results for the half year ended September 30, 2025. Individual New Business in terms of Annualised Premium Equivalent (APE) grew 10% YoY, achieving a two-year CAGR of 20%, reflecting traction across key products and channels.

Market Share and Value of New Business

The company gained 90 basis points in overall market share to 11.9%, and 30 basis points in the private sector, taking its private share to 16.6%. Value of New Business (VNB) for H1 FY26 stood at ₹1,818 crore, up 10% YoY with a two-year CAGR of 14%, while maintaining new business margins at 24.5%, consistent with the prior year.

Assets Under Management and Persistency

Assets under Management (AUM), including HDFC Pension Fund Management, crossed the ₹5 trillion milestone, marking a significant landmark in HDFC Life’s 25-year journey. Persistency ratios remained stable, with 13-month persistency at 86% and 61-month persistency at 62%.

Financial Performance and Solvency

Embedded Value (EV) stood at ₹59,540 crore, with an operating RoEV of 15.8% on a rolling 12-month basis. Profit After Tax (PAT) rose 9% YoY to ₹994 crore for H1 FY26. The Solvency Ratio was reported at 175%, reflecting a combination of dividend payout, repayment of ₹600 crore subordinated debt, increased protection business, and GST impact. HDFC Life plans to raise up to ₹750 crore in subordinated debt in H2 FY26 in one or more tranches.

Vibha Padalkar, Managing Director and CEO of HDFC Life, stated, “The recent GST revisions are a constructive structural shift aimed at simplifying compliance and improving affordability. We have ensured that the full benefits of the GST exemption are passed on to our customers. With product pricing now more attractive to customers across segments, we expect to see stronger demand over the medium to long term. H1FY26 concluded with topline performance broadly in line with expectations, with us outperforming both the overall industry and the private sector.”

HDFC Life Share Price Performance

On October 16, 2025, HDFC Life share price (NSE: HDFCLIFE) opened at ₹759.95, down from its previous close of ₹761.15. At 9:37 AM, the share price of HDFC Life was trading at ₹740.15, down by 2.76% on the NSE.

Also Read: HDFC AMC Announces Q2 FY26 Results and 1:1 Bonus Issue!

Conclusion

HDFC Life’s H1 FY26 results highlight strong growth across new business, AUM, and profitability, underpinned by solid market share gains and stable persistency. The company continues to strengthen its leadership in India’s life insurance sector while maintaining robust financial and solvency metrics.

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