HDFC Life Insurance reported a net profit of Rs 433 crore for the second quarter of FY25, up 15% year-on-year, beating market expectations, largely due to strong premium collections and investment income. This marks an improvement over the Rs 377 crore profit recorded in the same quarter of the previous fiscal year.
The insurer’s net premium income for the July-September period was up 12.3% year-on-year at Rs 16,570 crore, indicating healthy growth in the core business. For Q2, analysts had estimated a net profit of Rs 416.2 crore, according to the Bloomberg poll. ‘Revenue’ was seen at Rs 17,735 crore, meaning the company fared better on both the key counts.
First-year premiums grew 27% at Rs 3,253 crore during the quarter, reflecting strong demand for new policies. Renewal premium collections surged around 13% year-on-year to Rs 8,831 crore, riding on better persistency of policy and retention of customers.
Results for the quarter have captured the resilience of the company in navigating market challenges and its capacity to exploit opportunities for premium growth.
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Source: Moneycontrol
News Desk
