HDFC Life Insurance Company Ltd - 540777 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed transcript of the earnings conference call with analysts and investors held on Friday, January 20, 2023, to discuss the financial results of the Company for the quarter and nine months ended December 31, 2022. HDFC Life Insurance Company Ltd - 540777 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of equity shares pursuant to exercise of Stock Options
Buy HDFC Life Insurance; target of Rs 700: Emkay Global Financial
Emkay Global Financial is bullish on HDFC Life Insurance has recommended buy rating on the stock with a target price of Rs 700 in its research report dated January 21, 2023.
Private sector insurer HDFC Life expects margins to improve in Mar quarter
Leading private sector life insurer HDFC Life expects its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 per cent. Its FY22 VNB (value of new business) margin stood at 27.4 per cent and the management is confident of reaching there or making a further improvement as it closes the current fiscal. Over the weekend, HDFC Life reported a 15.2 per cent growth in net income at Rs 315.22 crore on a net premium income of Rs 14,379.38 crore, which rose 18.6 per cent annualised from Rs 12,124.36 crore. Its first-year premium stood at Rs 2,724.87 crore, up from Rs 2,115.97 crore, and the renewal premium soared to Rs 7,187 crore from Rs 5,543.03 crore. At 26.8 per cent, the VNB margin is already at the pre-merger level, neutralising the impact of the merger of Exide Life (in Q2 FY23) almost thre HDFC Life Insurance Company Ltd - 540777 - Audio Recording Of Earnings Conference Call For The Quarter And Nine Months Ended December 31, 2022
We wish to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings conference call with analysts and investors held on January 20, 2023, with respect to the financial results of the Company for the quarter and nine months ended December 31, 2022, has been hosted on the Company's website. HDFC Life Insurance Company Ltd - 540777 - Grant Of Stock Options Under Employee Stock Option Scheme - 2022
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Nomination & Remuneration Committee of the Board at its meeting held on January 20, 2023, has approved the grant of Stock Options under the Employee Stock Option Scheme - 2022.
Results Earnings Call for Q3FY23 of HDFC Life Insurance Company
Conference Call with HDFC Life Insurance Company Ltd. Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. HDFC Life posts 15% surge in Q3 net to Rs 315 cr, income up to Rs 19,693 cr
HDFC Life on Friday reported a 15 per cent increase in net profit to Rs 315 crore for the third quarter ended December. The private sector insurer's profit stood at Rs 274 crore in the year-ago period, it said in a regulatory filing. Total income increased to Rs 19,693 crore in the latest December quarter from Rs 14,222 crore in October-December 2021. The company's solvency ratio too improved to 209 per cent from 190 per cent as on December 31, 2021. The regulatory requirement is 150 per cent. For the nine months period ended December, the life insurer posted a profit Rs 1,001 crore as against Rs 850 crore in the corresponding period a year ago. Q3FY23 Quarterly Result Announced for HDFC Life Insurance Company Ltd.
HDFC Life Insurance Company announced Q3FY23 results: Q3FY23: Private market share: 15.8% VNB growth: 22%, PAT growth: 18% Strong growth in protection on the back of 52% growth in credit protects business 68% growth in Annuity APE Operating RoEV at 17.5% 18% growth in PAT to Rs 1,001 crore Commenting on the 9M FY23 performance, Ms. Vibha Padalkar, MD & CEO said “While globally, headwinds persist from an economic perspective, India appears to be relatively better positioned. Insurance as a sector continues to be a beneficiary of a relatively robust economy, stable savings trends and favourable regulatory regime. Against this backdrop, we continue to maintain a steady growth trajectory. In Q3, we grew by 17% in terms of Individual WRP, which is ahead of industry growth. On a YTD basis, we grew by 13% leading to a market share of 15.8% amongst private insurers. Despite intense competition, we have consistently been ranked amongst the top 3 life insurers across individual and group businesses. We maintained market leadership in credit life by delivering strong growth of 52%, across nearly 300 partnerships. Whilst growth in retail protection remained tepid on a YoY basis, we saw sequential growth of 13% in Q3. With a combination of data analytics, insights into customer profiles and calibrated risk retention, overall protection APE grew by over 20% in 9MFY23 and we expect individual protection to continue picking up in the coming quarters. On the retirement front, we have steadily gained market share in the annuity business. Our annuity business in 9M FY23 grew by 22% on a received premium basis compared to a 1% growth for the industry. Our distribution network has been growing with time, as we build newer, long-lasting partnerships. This quarter, we are pleased to announce our corporate agency partnership with AU Small Finance Bank. Our agency channel continued to grow faster clocking more than 2X company-level growth in individual APE in 9MFY23. The share of the channel has increased from 14% to almost 18% in the merged entity. We are happy to share that the post-merger integration and synergy realisation from the combined business are progressing as per plan. This has been demonstrated by the achievement of margin neutrality during this period. The newly added distribution partners now have access to HDFC Life’s products and digital capabilities. Our subsidiary HDFC Pension Management Company’s AUM doubled in less than 17 months to reach the Rs 40,000 Cr milestone on 2nd January 2023. For 9MFY23, HDFC Pension has a market share of 40%, up from 37% last year, with AUM growing by 63%. We are pleased to announce that our subsidiary HDFC International has been granted the Certificate of Registration to set up a branch in GIFT City by the relevant regulator. The branch will commence business and operations upon receiving other statutory licenses and approvals. We remain enthused with the growth potential of the sector and are committed to increasing insurance penetration in a meaningful way.” Result PDF HDFC Life Insurance Company Ltd - 540777 - Board Meeting Outcome for Outcome Of The Board Meeting Held On January 20, 2023
Please find attached herewith Board Meeting Outcome dated January 20, 2023