HDFC Life Insurance Company Q2 results, quarter to Sep 2026
NSE: HDFCLIFEBSE: 540777InsuranceLarge Cap
HDFC Life Insurance Company Limited · Formerly HDFC Standard Life Insurance Company · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2017 · Issue price ₹290
Last close ₹524.90up ₹7.90 (1.53%)BSE ₹523.15
Share price at the NSE close on 30 Oct 2026. Previous close ₹517.00.
30 Oct: open ₹518.35, high ₹525.80, low ₹510.50
52-week range of traded prices to 30 Oct 2026
₹508.05Low, 28 Oct 2026₹788.50High, 26 Nov 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,14,039 Cr65th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 55.67
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 5.86
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.40%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.2%
- SolvencySolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company. Solvency ratio in the glossary
- 1.80times the capital required
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. For the year to Mar 2026. For the whole group.
- ₹79,493 Cr
- First-year premiumFirst-year premium. Premium from the first year of new regular-premium policies, for the period. For the year to Mar 2026. For the whole group. First-year premium in the glossary
- ₹13,959 Cr
- Expense ratioExpense ratio. The costs of running the insurance business, commission included, as a percentage of premium, as the insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the filing's own amounts show it written on another scale or rounded to the whole per cent. For the year to Mar 2026. For the whole group. Expense ratio in the glossary
- 21.18%
- Persistency, 13 monthsPersistency, 13 months. The share of what was sold that is still being paid for 13 months after the sale, by premium or by number of policies, which the filing does not say, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. For the year to Mar 2026. For the whole group. Persistency, 13 months in the glossary
- 84.85%
- ConservationConservation ratio. This year's renewal premium as a percentage of last year's first-year and renewal premium, as the life insurer states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where it is 0, or where it is outside 10% to 150%. For the year to Mar 2026. For the whole group. Conservation ratio in the glossary
- 85.50%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 25,21,58158.6% delivered
HDFC Life Insurance Company filed its Q2 results for the quarter to Sep 2026 on 15 Oct 2026 at 7:25 pm, standalone: the listed company alone, without its subsidiaries.
Q2 results, quarter to Sep 2026
₹ crore.HDFC Life Insurance Company annual results and balance sheet
- Gross premiumGross premium. Premium on the policies sold and renewed in the period, before the part passed on to reinsurers: a general insurer's gross premiums written, a life insurer's gross premium income. Gross premium in the glossary
- ₹22,402 Cr
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹508 Cr+13.6% on a year ago · −16.9% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹2.34+13.0% on a year ago · −17.3% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Net premiumNet premium. Gross premium − the part passed on to reinsurers: the premiums the insurer keeps, for the period. Net premium in the glossary
- ₹21,727 Cr
HDFC Life Insurance Company results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date
Gross premium and net profit by quarter, ₹ crore
- Gross premium
- Net profit
| ₹ crore | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024Q1 | Sep 2024 | Dec 2024Q3 | Mar 2025Q4 | Jun 2025Q1 | Sep 2025Q2 | Dec 2025Q3 | Mar 2026Q4 | Jun 2026Q1 | Sep 2026Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross premium | 12,255 | 14,421 | 9,396 | 13,283 | 14,575 | 19,626 | 11,673 | 14,940 | 15,526 | 20,938 | 12,811 | 16,927 | 17,275 | 24,032 | 14,875 | 19,287 | 18,803 | 26,422 | 17,166 | 22,402 |
| Net premium | 12,124 | 14,290 | 9,272 | 13,111 | 14,379 | 19,427 | 11,480 | 14,756 | 15,235 | 20,488 | 12,510 | 16,570 | 16,771 | 23,766 | 14,466 | 18,777 | 18,242 | 25,829 | 16,548 | 21,727 |
| First-year premium | 2,116 | 2,575 | 1,556 | 2,423 | 2,725 | 4,467 | 1,851 | 2,566 | 2,679 | 4,015 | 2,358 | 3,253 | 2,969 | 4,396 | 2,550 | 3,579 | 3,324 | 4,425 | 2,693 | 3,927 |
| Renewal premium | 5,543 | 7,341 | 4,620 | 6,907 | 7,187 | 9,254 | 5,804 | 7,839 | 8,396 | 11,406 | 6,411 | 8,831 | 9,376 | 13,062 | 7,603 | 10,337 | 10,475 | 14,877 | 9,023 | 11,420 |
| Single premium | 4,596 | 4,505 | 3,220 | 3,953 | 4,663 | 5,905 | 4,017 | 4,536 | 4,450 | 5,517 | 4,042 | 4,843 | 4,931 | 6,573 | 4,722 | 5,370 | 5,004 | 7,120 | 5,450 | 7,056 |
| Income from investmentsIncome from investments. Income from the insurer's investments, net of their costs, for the period. Income from investments in the glossary | 1,982 | 1,397 | −3,487 | 9,783 | 4,928 | 1,190 | 11,629 | 8,104 | 11,370 | 7,251 | 14,124 | 11,611 | 192 | 18 | 14,595 | 1,410 | 10,651 | −6,481 | 16,653 | 2,166 |
| 507 | 621 | 366 | 682 | 693 | 1,111 | 662 | 1,187 | 1,246 | 2,162 | 1,470 | 1,851 | 1,932 | 2,581 | 1,749 | 2,321 | 2,272 | 2,785 | 2,101 | 2,685 | |
| On first-year premiumCommission on first-year premium. Commission paid on the first year's premium of new policies, for the period; given only where the three commission lines add to the gross commission stated. Commission on first-year premium in the glossary | 361 | 442 | 246 | 420 | 505 | 890 | 419 | 709 | 675 | 1,348 | 840 | 1,265 | 1,600 | 2,156 | 1,425 | 1,308 | 1,145 | 1,492 | 950 | 1,351 |
| On renewal premiumCommission on renewal premium. Commission paid on premiums renewing existing policies, for the period; given only where the three commission lines add to the gross commission stated. Commission on renewal premium in the glossary | 86 | 109 | 67 | 194 | 118 | 136 | 83 | 122 | 128 | 190 | 107 | 138 | 145 | 200 | 129 | 155 | 176 | 214 | 173 | 181 |
| On single premiumCommission on single premium. Commission paid on policies bought with one premium, for the period; given only where the three commission lines add to the gross commission stated. Commission on single premium in the glossary | 60 | 70 | 53 | 68 | 70 | 85 | 159 | 357 | 443 | 624 | 524 | 448 | 188 | 226 | 195 | 858 | 951 | 1,079 | 977 | 1,153 |
| Expenses of managementExpenses of management. The life insurer's running costs + net commission for the period, the total the regulator caps. Expenses of management in the glossary | 2,010 | 2,430 | 1,761 | 2,522 | 2,813 | 4,031 | 2,288 | 2,927 | 3,020 | 3,923 | 2,737 | 3,533 | 3,486 | 4,301 | 3,259 | 4,101 | 4,533 | 4,925 | 3,871 | 4,917 |
| Provision for doubtful debtsProvision for doubtful debts. Amounts the insurer set aside in the period for money owed to it that may not be paid; not given where it is the same figure as a claims or benefits line of the same statement. Provision for doubtful debts in the glossary | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for fall in investment valueProvision for fall in investment value. Amounts the insurer set aside in the period for investments worth less than they are held at; not given where it is the same figure as a claims or benefits line of the same statement. Provision for fall in investment value in the glossary | −15 | 5 | 23 | 7 | −1 | −1 | −36 | −23 | −37 | 3 | 3 | −3 | 53 | 29 | −4 | −46 | 5 | 58 | −38 | −54 |
| Benefits paid | 8,081 | 9,643 | 6,875 | 11,731 | 8,662 | 11,205 | 8,073 | 9,337 | 9,866 | 12,421 | 8,828 | 10,299 | 9,179 | 11,040 | 8,680 | 9,329 | 9,164 | 11,151 | 8,133 | 10,470 |
| Added to policy reservesAdded to policy reserves. The rise over the period in what the life insurer must hold to meet future claims on the policies in force. Added to policy reserves in the glossary | 3,850 | 3,173 | −3,183 | 8,351 | 7,920 | 5,271 | 12,564 | 11,016 | 13,684 | 11,156 | 14,566 | 14,453 | 4,300 | 8,196 | 17,017 | 6,979 | 15,338 | 3,100 | 20,979 | 8,424 |
| Bonus given to policyholdersBonus given to policyholders. Bonus the life insurer added to its policies that share in its profits, for the period; given only where the bonuses and the surplus left in the revenue account add to the surplus stated. Bonus given to policyholders in the glossary | 0 | 662 | 0 | 0 | 0 | 965 | 0 | 0 | 273 | 924 | 0 | 0 | 0 | 871 | 0 | 0 | 0 | 836 | 0 | 0 |
| Interim bonus paidInterim bonus paid. Bonus paid on policies that ended during the period, for the part of the year they ran; given only where the bonuses and the surplus left in the revenue account add to the surplus stated. Interim bonus paid in the glossary | 200 | 269 | 194 | 293 | 327 | 411 | 316 | 430 | 493 | 616 | 407 | 607 | 660 | 761 | 504 | 717 | 791 | 952 | 604 | 772 |
| Terminal bonus paidTerminal bonus paid. A one-time bonus paid on policies that share in profits when they mature or end in a claim, for the period; given only where the bonuses and the surplus left in the revenue account add to the surplus stated. Terminal bonus paid in the glossary | 235 | 421 | 127 | 191 | 203 | 284 | 162 | 223 | 61 | 346 | 160 | 170 | 160 | 175 | 94 | 140 | 175 | 258 | 152 | 206 |
| Surplus or deficit | 619 | 1,903 | 569 | 731 | 860 | 2,231 | 689 | 882 | 828 | 2,159 | 1,130 | 1,287 | 626 | 1,969 | 682 | 685 | 954 | 2,488 | 1,068 | 1,255 |
| Kept for future allocationKept for future allocation. The part of the period's surplus the life insurer held back, not yet given to policyholders or shareholders; given only where it and the transfer to shareholders add to the net surplus stated. Kept for future allocation in the glossary | 2 | 52 | −14 | 29 | −86 | −12 | −20 | 94 | −68 | −30 | 296 | 125 | −292 | −83 | −283 | −387 | −153 | −28 | −55 | 14 |
| Profit before tax | 276 | 322 | 366 | 327 | 314 | 270 | 417 | 331 | 367 | 450 | 497 | 438 | 445 | 486 | 561 | 465 | 443 | 486 | 627 | 523 |
| Tax | 2 | −36 | 1 | 1 | −1 | −89 | 1 | −46 | 2 | 38 | 20 | 5 | 30 | 10 | 14 | 18 | 22 | −9 | 15 | 15 |
| Net profit | 274 | 358 | 365 | 326 | 315 | 359 | 415 | 377 | 365 | 412 | 478 | 433 | 415 | 477 | 546 | 447 | 421 | 496 | 611 | 508 |
| Earnings per shareEarnings per share. The earnings per share stated for the period ÷ the split factor, so a figure from before a split sits on the same share as today's; a figure the company filed after a split or bonus is already on the new share count and is divided by the splits after its filing day only. | ₹1.35 | ₹1.75 | ₹1.73 | ₹1.54 | ₹1.48 | ₹1.68 | ₹1.93 | ₹1.75 | ₹1.70 | ₹1.91 | ₹2.22 | ₹2.01 | ₹1.93 | ₹2.21 | ₹2.53 | ₹2.07 | ₹1.95 | ₹2.30 | ₹2.83 | ₹2.34 |
Earnings per share in rupees, restated for later splits and bonuses.
| Figure | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024Q1 | Sep 2024 | Dec 2024Q3 | Mar 2025Q4 | Jun 2025Q1 | Sep 2025Q2 | Dec 2025Q3 | Mar 2026Q4 | Jun 2026Q1 | Sep 2026Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solvency, times the required capitalSolvency ratio. The capital the insurer holds ÷ the capital the regulator requires it to hold, as the insurer states it; insurers write it in different ways, so it is read as the one multiple between 1 and 5 it can be, and not given outside that. | 1.90 | 1.76 | 1.78 | 2.10 | 2.09 | 2.03 | 2.00 | 1.94 | 1.90 | 1.87 | 2.00 | 2.00 | 2.00 | 1.94 | 1.92 | 1.75 | 1.80 | 1.77 | 1.85 | 1.80 |
| Held by the governmentGovernment holding. The share of the company the government holds, as the company states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, or where it is 0 and the shareholding pattern for the same date does not confirm the government holds none. Government holding in the glossary | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | – | – | – | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Bad investments, policyholders' fundBad investments in the policyholders' fund. Bonds and loans held for policyholders whose interest or repayment has stopped, at the amount still owed; for a life insurer, its four policyholders' funds added; a 0 is not given, since the statement writes 0 for a figure it leaves out too. Bad investments in the policyholders' fund in the glossary | – | – | – | – | – | – | – | – | – | – | 86.5 | 86.5 | 90.2 | 77.1 | 77.1 | 77.1 | 77.1 | 77.1 | 77.1 | 77.1 |
| Bad investments, shareholders' fundBad investments in the shareholders' fund. Bonds and loans held with the life insurer's shareholders' money whose interest or repayment has stopped, at the amount still owed; a 0 is not given, since the statement writes 0 for a figure it leaves out too. Bad investments in the shareholders' fund in the glossary | – | – | – | – | – | – | – | – | – | – | 15.8 | 15.8 | 15.8 | 13.4 | 13.4 | 13.4 | 13.4 | 13.4 | 13.4 | 13.4 |
Solvency is the capital the insurer holds, in times the capital the regulator requires; the government's holding is a per cent of its shares; bad investments are in ₹ crore.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2023, the company's revenue for the year to Mar 2023, ₹70,705 Cr, differs from its quarters added, ₹69,923 Cr.