HDFC Life Insurance Company has reported a stable financial performance for the year ended March 31, 2026.
The company’s total Annualized Premium Equivalent (APE) grew by 8% year-on-year, reflecting consistent business momentum.
Total premium income increased by 12% to ₹79,387 crore, supported by both new business and renewal collections. Renewal premiums saw a strong 15% growth.
Profit after tax for FY26 stood at ₹1,910 crore, registering a 6% increase compared to the previous year. However, excluding one-time impacts related to GST and labour code changes, underlying profit growth was stronger at 16%.
The Value of New Business (VNB) reached ₹4,034 crore with margins at 24.2%. Adjusted for regulatory impacts, margins remained stable at 25.5%, highlighting consistent profitability in core operations.
The retail protection segment emerged as a key growth driver, with a 43% increase during FY26. Its contribution to the overall retail mix improved significantly, reaching 7.2%, and nearly 10% when including riders.
Additionally, retail sum assured grew by 28% year-on-year, reinforcing the company’s leadership in delivering high-quality insurance coverage.
HDFC Life’s Assets Under Management, including its pension subsidiary, stood at ₹5.3 trillion, reflecting strong growth and scale. The company’s embedded value increased to ₹62,139 crore, supported by an operating return on embedded value of 15.0%.
Persistency ratios remained stable, indicating customer loyalty and a healthy product mix. The solvency ratio stood at 177%, and the company plans to raise up to ₹1,000 crore to further strengthen its capital position.
The company maintained an overall market share of 11.0%, demonstrating its competitive strength in the insurance sector. With a diversified product portfolio and focus on protection products, HDFC Life continues to align with evolving customer needs.
The company has recommended a final dividend of ₹2.10 per equity share of face value ₹10 each for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting.
The record date to determine eligible shareholders has been set as June 19, 2026. The dividend payment is scheduled to be made on or after July 20, 2026, with applicable tax deducted at source.
Investors looking to benefit from such payouts can open a demat account to ensure seamless participation and receipt of dividends.
On April 17, 2026, HDFC Life share price (NSE: HDFCLIFE) opened at ₹618.95. At 10:12 AM, the share price of HDFC Life was trading at ₹610.70, down by 3.29% on the NSE.
Also Read: Best Fundamentally Strong Stocks in April 2026!
HDFC Life’s FY26 performance reflects steady growth, strong fundamentals, and a focus on long-term value creation. With rising protection demand and solid financial metrics, the company remains well-positioned for sustained growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 17, 2026, 10:14 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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