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India's HDFC Life Q1 profit rises on investment gains India's HDFC Life Insurance Co Ltd reported a 15.4% rise in first-quarter profit on Friday, aided by investment gains and a rise in premium income. The Mumbai-based company's profit after tax rose to 4.15 billion rupees ($50.6 million) for the quarter ended June 30 from 3.6 billion rupees a year ago, it said in an exchange filing. The insurer, a unit of India's top lender HDFC Bank, reported a 13% rise in its annual premium equivalent (APE) sales, a closely watched gauge of ...
India's HDFC Life Q1 profit rises on investment gains
India's HDFC Life Q1 profit rises on investment gains
Source: Reuters
21/07/2023 4:06:52 PM
India`s ICICI Prudential posts jump in Q1 profit on investment gains India's ICICI Prudential Life Insurance reported a 33% jump in first-quarter profit on Tuesday, as gains in securities it invested in helped offset muted premium income growth. The insurer's profit after tax rose to 2.07 billion rupees ($25.24 million) in the quarter ended June 30, from 1.56 billion rupees a year ago, it said in an exchange filing. Investment income stood at 163.27 billion rupees compared to a loss of 84.96 billion rupees a year ago, due to increase in market va...
India`s ICICI Prudential posts jump in Q1 profit on investment gains
India`s ICICI Prudential posts jump in Q1 profit on investment gains
Source: Reuters
18/07/2023 3:00:29 PM
Firm trade continues over Dalal Street Firm trade continued over the Dalal Street in early afternoon deals, with both Sensex and Nifty holding gains of over 0.30% each, aided by positive firm cues from other Asian markets along with heavy buying at IT, TECK and Realty counters. Sentiments remained positive, as India’s inflation based on wholesale price index (WPI) deflated for the third straight month in June, on the back of fall in prices of mineral oils, non-food Articles, crude petroleum & natural gas and electricity....
Firm trade continues over Dalal Street
Firm trade continues over Dalal Street
Source: Accord Fintech
14/07/2023 2:19:51 PM
Peuli Das named Chief Insurance Officer of Future Generali India Life Insurance Company Limited. Future Generali India Life Insurance Co. Ltd., a leading insurance service provider, is pleased to announce the appointment of Peuli Das as the Chief Insurance Officer. Peuli comes with close to two decades of diverse work experience in Actuarial, Risk, Finance, and Investment domains. As the Chief Insurance Officer, she will be responsible for the company's Insurance Function, which entails Product Development, Management, Pricing, and Reinsurance. In her previous roles, she served as...
Peuli Das named Chief Insurance Officer of Future Generali India Life Insurance Company Limited.
Peuli Das named Chief Insurance Officer of Future Generali India Life Insurance Company Limited.
Source: PR Agency
4/07/2023 1:42:48 PM
Quote on Outlook for LIC completing 1 year since IPO from Gaurang Shah, Geojit Financial Services Below View on Outlook for LIC completing 1 year since IPO By Gaurang Shah, Sr. Vice President at Geojit Financial Services   We had to BUY recommendation during the IPO Subscription and after that, we have a standalone recommendation to Buy with a long term time horizon and we believe there is a huge market as far as 'Insuring the Uninsured' is concerned. This will not only create opportunities for LIC but also for the other related entities like HDFC Life, ICICI ...
Quote on Outlook for LIC completing 1 year since IPO from Gaurang Shah, Geojit Financial Services
Quote on Outlook for LIC completing 1 year since IPO from Gaurang Shah, Geojit Financial Services
Source: PR Agency
16/05/2023 1:47:06 PM
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report Hansa Research has recently released its much-awaited annual syndicated report, Insurance CuES 2023, which captures interesting insights about consumers’ perceptions and experiences with life insurance brands.   The report identifies three major barriers to customers’ life insurance purchasing decisions: behavioral biases/ perceived need, economic constraints/affordability, and perceived difficulty in a purchase. Affordability has become a more press...
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report
Source: PR Agency
9/05/2023 11:45:37 AM
India`s Exide Industries misses Q4 profit view on high costs Indian lead-acid battery maker Exide Industries Ltd reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide's net profit after tax was at 2.08 billion rupees ($25.45 million) for the quarter ended March 31, while analysts on average expected a profit of 2.52 billion rupees, according to Refinitiv IBES data. The company's 41.20 billion rupees net profit after tax from a year earlier had included a one-time gain from the sale of Exide...
India`s Exide Industries misses Q4 profit view on high costs
India`s Exide Industries misses Q4 profit view on high costs
Source: Reuters
8/05/2023 2:50:43 PM
Buy HDFC Life Insurance Ltd For Target Rs. 625 - Yes Securities Ltd Result Highlights * VNB margin: Calculated post-merger VNB margin grew by 243bps QoQ (comparable) but de-grew -8bps YoY (non-comparable) to 29.3% * VNB: The post-merger VNB growth was 72.7% QoQ (comparable), aided by strong growth in APE and improvement in VNB margin * APE: The post-merger APE was Rs 51,620 mn as against APE of Rs 32,600mn in 3QFY23 (comparable) and Rs 30,490mn in 4QFY22 (non-comparable) * Expense control: Post-merger Expense ratio increased 119bps QoQ to 20.8% as opex ...
Buy HDFC Life Insurance Ltd For Target Rs. 625 - Yes Securities Ltd
Buy HDFC Life Insurance Ltd For Target Rs. 625 - Yes Securities Ltd
Source: Yes Securities
29/04/2023 12:14:06 PM
Buy HDFC Life Insurance Ltd For Target Rs. 612 - Motilal Oswal Financial Services Persistency ratios inch up * HDFC Life Insurance (HDFCLIFE) posted a healthy 4QFY23 performance with a strong beat in both APE and VNB. Premium growth was healthy driven by both renewal premium (+26% YoY) and new business premium (+47% YoY). * APE rose 69% YoY to INR51.6b (26% beat) in 4QFY23 propelled by Non-PAR, PAR and Group businesses. Demand for ULIP was soft due to volatile capital markets while trend in protection improved QoQ. * VNB too rose 69% YoY (26% beat) with margin exp...
Buy HDFC Life Insurance Ltd For Target Rs. 612 - Motilal Oswal Financial Services
Buy HDFC Life Insurance Ltd For Target Rs. 612 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
28/04/2023 11:45:14 AM
Buy HDFC Life Insurance Ltd For Target Rs. 740 - ICICI Securities Levers exist for accelerating growth Growth levers ahead for HDFC Life include: (1) increasing HDFC Bank channel share, and (2) maximising reach in tiers-2/3 cities and beyond with channels like Exide Life / India Post Payment Banks / AU Small Finance Bank. Additionally, there is notable improvement in volumes and outlook on retail protection. We therefore remain positive on the company. Risks include: lower demand in highmargin segments such as non-par and protection and volatile interest...
Buy HDFC Life Insurance Ltd For Target Rs. 740 - ICICI Securities
Buy HDFC Life Insurance Ltd For Target Rs. 740 - ICICI Securities
Source: ICICI Securities Ltd
6/03/2023 12:11:52 PM
Budget Effect: About 15% premium impact on some private life insurers  Finance Minister Nirmala Sitharaman's Budget proposals have dealt double whammy for the life insurers and it would affect the topline growth of some private players, said Emkay Global Financial Services. In a research report, Emkay Global's insurance sector analysts Avinash Singh and Mahek Shah said the Rs 5 lakh cap is likely to affect growth of about 10 per cent premium base for HDFC Life Insurance and Max Life and about 5 per cent premium base for SBI Life Insurance and IC...
Budget Effect: About 15% premium impact on some private life insurers
Budget Effect: About 15% premium impact on some private life insurers
Source: IANS
2/02/2023 2:08:39 PM
India's HDFC Life reports 15% jump in Q3 profit as premiums climb  HDFC Life Insurance Co reported a 15% rise in third-quarter profit on Friday, driven by higher income from premiums and its investments and said it expects to sell more policies in the next few quarters. "Insurance as a sector continues to be a beneficiary of a relatively robust economy, stable savings trends and favourable regulatory regime," Vibha Padalkar, managing director and chief executive, said in a statement. Though growth in retail protection was tepid on a yea...
India's HDFC Life reports 15% jump in Q3 profit as premiums climb
India's HDFC Life reports 15% jump in Q3 profit as premiums climb
Source: Reuters
20/01/2023 3:40:45 PM
Buy HDFC Life Insurance Ltd For Target Rs.670 - Emkay Global Financial Services Ltd With Exide Life merger behind, focus shifts to HDFC-HDFCB merger HDFCLIFE reported a satisfactory performance in H1FY23, with pre-merger APE, VNB, VNB margin and Embedded Value (EV) coming broadly in line with our estimates, and showing growth and improvement over the previous-year and prior-quarter. With the Exide Life merger with HDFC Life approved, the company reported merged numbers for the first time; the merged-entity VNB margin at 26.2% was almost on par with HDFCLIFE’s 26.4% ...
Buy HDFC Life Insurance Ltd For Target Rs.670 - Emkay Global Financial Services Ltd
Buy HDFC Life Insurance Ltd For Target Rs.670 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
28/10/2022 2:38:52 PM
HDFC Life logs Rs 326.23 crore profit in Q2 Life insurance major HDFC Life Insurance Company Ltd on Friday said it closed the second quarter of FY23 with a net profit of Rs 326.24 crore. The company said it had earned a net premium of Rs 13,110 crore (Rs 11,443 crore in Q2FY22) and an after tax profit of Rs 326.24 crore (Rs 274.16 crore) for Q2FY23. During the period under review, the company's net investment income stood at Rs 9,782.62 crore (Rs.8,873.38 crore). The HDFC Life said the merger of Exide Life Insurance with i...
HDFC Life logs Rs 326.23 crore profit in Q2
HDFC Life logs Rs 326.23 crore profit in Q2
Source: IANS
22/10/2022 8:57:50 AM