Shares of HDFC Life rose 2.8% on the NSE after the insurer released its Q2 FY27 figures.
Net profit for the July‑September quarter climbed 13.6% YoY to ₹508 crore, up from ₹447 crore in the same period last year, beating the consensus of ₹480 crore expected by analysts.
Net premium income surged 15.7% YoY to ₹21,727 crore, eclipsing the ₹18,777 crore recorded a year earlier and outpacing the 13% growth seen in the broader private life‑insurance sector.
New business value grew 12.1% to ₹2,037 crore, while new‑business margins edged up to 24.7% from 24.5% last year, indicating tighter underwriting. The insurer’s retail protection arm added 33% to its APE, lifting the individual APE to ₹7,080 crore, a 9% jump versus the prior year.
Solvency ratio improved to 180% as of 30 September, a 5‑point rise from 175% in FY26, and embedded value rose 12% to ₹66,461 crore. HDFC Life plans to raise up to ₹500 crore through a non‑convertible debenture issue, while CEO Vibha Padalkar flagged regulatory moves on distribution economics as a key driver for FY27 growth.