{"id":2993,"date":"2024-07-15T10:25:00","date_gmt":"2024-07-15T10:25:00","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=2993"},"modified":"2024-07-15T10:25:00","modified_gmt":"2024-07-15T10:25:00","slug":"hdfc-life-insurances-q1-net-profit-rises-15-to-rs-479-crore-meeting-market-expectations","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/hdfc-life-insurances-q1-net-profit-rises-15-to-rs-479-crore-meeting-market-expectations\/","title":{"rendered":"HDFC Life Insurance’s Q1 Net Profit Rises 15% to Rs 479 Crore, Meeting Market Expectations"},"content":{"rendered":"\n

In the first quarter of the fiscal year 2025, HDFC Life Insurance reported a net profit of Rs 479 crore, marking a 15% increase compared to the same period last year. This growth was driven by a substantial rise in both first-year and renewal premiums. The net profit figures aligned with market expectations, as a Bloomberg survey of three brokerages had predicted a net profit of Rs 478 crore for HDFC Life.<\/p>\n\n\n\n

For the April to June quarter, the company’s net premium income reached Rs 12,548 crore, which is a 9% increase from Rs 11,508 crore in the previous year’s corresponding quarter.<\/p>\n\n\n\n

The annualized premium equivalent (APE), which measures new business for life insurance companies, saw a 23% growth, slightly below the market’s 24% growth expectation, totaling Rs 2,866 crore for the quarter.<\/p>\n\n\n\n

However, the new business (VNB) margin, which represents the present value of future profits from new business written during the quarter, decreased by 120 basis points. Despite market predictions of a 130 basis points drop, the VNB margin stood at 25% for the quarter. The value of new business (VNB) itself saw an 18% year-on-year increase, reaching Rs 718 crore for the April-June period.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at\u00a0media<\/a><\/em>@lakadmin<\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"

In the first quarter of the fiscal year 2025, HDFC Life Insurance reported a net profit of Rs 479 crore, marking a 15% increase compared to the same period last year. This growth was driven by a substantial rise in both first-year and renewal premiums. The net profit figures aligned with market expectations, as a […]<\/p>\n","protected":false},"author":1,"featured_media":2994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[99,98],"class_list":["post-2993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-hdfc-life-q1-result","tag-hdfc-life-quarterly-result"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=2993"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2993\/revisions"}],"predecessor-version":[{"id":2995,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2993\/revisions\/2995"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/2994"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=2993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=2993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=2993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}