HDFC Life Insurance Company Limited (HDFCLIFE) — Announcement | 22 July 2026

HDFC Life reported Q1 FY27 results showing 9% overall APE growth driven by credit life and group business, with 42% growth in retail protection and 19% growth in renewal collections. VNB grew 9% to INR 879 crores, PAT rose 12% YoY to INR 611 crores, and AUM crossed INR 4 trillion. Solvency ratio improved to 185% post a INR 1,000 crore capital infusion. New business margins stood at 25%, though GST impact (110 bps total) and surrender charge reforms are pressuring near-term profitability. The company maintained confidence in industry-beating growth and VNB-APE alignment despite margin pressures.