Hdfc Life Share Price Live blog for 25 Jul 2023
Hdfc Life stock price went up today, 25 Jul 2023, by 0.5 %. The stock closed at 647.25 per share. The stock is currently trading at 650.5 per share. Investors should monitor Hdfc Life stock price closely in the coming days and weeks to see how it reacts to the news.
HDFC Life Insurance Company Results Earnings Call for Q1FY24
Conference Call with HDFC Life Insurance Company Ltd. Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
HDFC Life guides for flat margins in FY24; brokerages mixed
For the June quarter, HDFC Life's VNB grew 18 percent YoY to Rs 610 crore, APE grew 12.7 percent to Rs 2,328 crore Hdfc Life Share Price Live blog for 24 Jul 2023
Hdfc Life stock price went down today, 24 Jul 2023, by -2.18 %. The stock closed at 661.7 per share. The stock is currently trading at 647.25 per share. Investors should monitor Hdfc Life stock price closely in the coming days and weeks to see how it reacts to the news.
HDFC Life Insurance Company Ltd - 540777 - Announcement under Regulation 30 (LODR)-Retirement
Retirement of Director - Ms Renu Sud Karnad HDFC Life Insurance Company Ltd - 540777 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Outcome of 23rd Annual General Meeting HDFC Life Insurance Company Ltd - 540777 - Audio Recording Of Earnings Conference Call For The Quarter Ended June 30, 2023
Audio Recording of earning conference call
HDFC Life Insurance Q1 Results: Net profit rises 15% to 415 crore, net income premium up 17%
HDFC Life Insurance Q1 Results: The net premium income of the insurer came in at 11,479 crore, up 16.5 percent from 9,847 crore in the year-ago quarter. Q1FY24 Quarterly Result Announced for HDFC Life Insurance Company Ltd.
HDFC Life Insurance Company announced Q1FY24 results: Value of new business grew by 18% aided by robust premium (APE) growth of 13% Overall market share (Individual WRP) expansion to 10.6% Private market share of 16.4% compared to 15.8% last year Retail protection APE up by 45% Strong PAT growth of 15% to Rs 415 crore 34% growth in number of lives covered; 73% growth in sum assured Indian Embedded Value at Rs 41,843 crore AUM crossed Rs 2.5 lakh crore in Q1FY24 Declared highest ever bonus of Rs 3,660 crore to more than 23 lakh policyholders Commenting on the performance for Q1FY23, Vibha Padalkar, MD & CEO said, “We are happy to report that the merger of HDFC Limited with HDFC Bank has been successfully completed and that we are now a subsidiary of HDFC Bank. HDFC Bank now holds 50.4% in HDFC Life. Our focus is on strengthening our partnership with HDFC Bank, enhancing collaboration, and maximizing customer engagement within our group. We closed the quarter with a robust growth of 12% in individual WRP, which was 1.5x of private industry, despite coming off a strong March. Over the last 4 years, despite facing open architecture and intense competition from unlisted insurers, our market share has steadily increased from 12.5% in FY19 to 16.5% in FY23 in the private sector and 7.2% to 10.8% at an overall industry level. We covered more than 2 lakh lives in retail policies and 1.6 cr lives overall in Q1FY24, a growth of 8% and 34% respectively, over Q1FY23. Retail sum assured recorded an increase of 55% and overall sum assured 73%, and our overall market share in Q1FY24 was 16.9%. We feel privileged to have led the way in helping bridge the protection gap in the country by being the market leader in terms of total sum assured. Retail protection trends remain encouraging with YoY growth of 45% in Q1FY24. While the growth is accentuated by a favourable base, we do believe that the pickup in protection is sustainable and the growth is likely to be healthy for the year. The board has recommended a dividend of Rs 1.90 per share aggregating to a pay-out of Rs 408 crore subject to approval by our shareholders. We are proud to be recognized as one of India's top 10 best companies to work for by Great Place to Work. We are the only insurance company to receive this recognition, which is a testament to our unwavering commitment to creating a people-centric workplace. While we remain optimistic about growth opportunities in the life insurance sector, our vision extends beyond just business growth. Following a customer centric approach, we remain steadfast in our mission to insure India and ensure financial security for families and individuals across the nation. We believe that widespread financial protection is a crucial aspect of economic growth, and we are enthusiastic about collaborating with our regulator to contribute meaningfully to this collective effort.” Result PDF
