HDFC Life Q1 FY27 Results: PAT Jumps 23% QoQ, Premium Income Surges
HDFC Life reported double-digit growth in premium income and profit during Q1 FY27. The insurer also crossed the ₹4 lakh crore AUM milestone, improved its solvency ratio, and recorded healthy growth across key business metrics.
HDFC Life Q1 Results 2027: HDFC Life reported a steady Q1 FY27 performance, with net premium income rising 15.05% YoY to ₹16,727.63 crore and PAT increasing 11.46% to ₹611.19 crore. The insurer also crossed ₹4 lakh crore in AUM while maintaining a strong solvency ratio.
HDFC Life Q1 Results 2027: HDFC Life Insurance reported consolidated net premium income of ₹16,727.63 crore for Q1 FY27, up 15.05% YoY. Consolidated PAT stood at ₹611.19 crore, up 11.5% YoY and 22.9% QoQ. Solvency ratio improved to 185% from 177% in March quarter.
HDFC Life Q1 FY27 Results Highlights
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HDFC Life Insurance Company's consolidated net premium income for the quarter ended June 30, 2026, stood at ₹16,727.63 crore, up 15.05% from ₹14,539.42 crore a year earlier. Quarterly, premium income was down 35.66% from March quarter
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Total income, which includes investment income and other income along with premium, rose to ₹33,541.70 crore, up 14.54% year-on-year and 68.51% over the previous quarter. The wide swing between quarters stems mainly from investment income, which was negative in the year-ago quarter comparisons at points but turned strongly positive this quarter.
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Consolidated profit after tax came in at ₹611.19 crore, up 11.46% from ₹548.35 crore in Q1 FY26, and up 22.86% from ₹497.49 crore in Q4 FY26. Diluted EPS stood at ₹2.83, compared with ₹2.54 a year ago and ₹2.30 in the previous quarter.
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Solvency ratio, a key regulatory health metric for insurers, improved to 185% as of June 30, 2026, from 177% in March 2026 and against a regulatory minimum requirement, is comfortably placed above threshold.
|
Metric |
Q1 FY27 |
Q4 FY26 |
QoQ % |
Q1 FY26 |
YoY % |
|---|---|---|---|---|---|
|
Net Premium Income (₹ Cr) |
16,727.63 |
25,998.42 |
-35.66% |
14,539.42 |
+15.05% |
|
Total Income (₹ Cr) |
33,541.70 |
19,905.76 |
+68.51% |
29,284.95 |
+14.54% |
|
PAT (₹ Cr) |
611.19 |
497.49 |
+22.86% |
548.35 |
+11.46% |
|
EPS — Diluted (₹) |
2.83 |
2.30 |
+23.04% |
2.54 |
+11.42% |
Source: NSE filing, HDFC Life Q1 FY27 Consolidated Results
HDFC Life Reports Healthy Growth Across Business Metrics
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Renewal premium increased 19% year-on-year to ₹9,020 crore, while new business premium rose 12% to ₹8,140 crore. Sales of new policies, measured by APE, grew 7% to ₹2,970 crore.
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The company earned ₹900 crore from new business, up 11%, while profit margins on new policies remained stable at 25%.
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The insurer's assets under management (AUM) crossed the ₹4 lakh crore mark, reaching ₹4.01 lakh crore, while its solvency ratio improved to 185%, indicating a strong financial position.
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During the quarter, the company sold 2.82 lakh individual policies, up 13% from a year ago. The total insurance cover provided increased 31% to ₹1.27 trillion, reflecting healthy demand for protection plans.
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Growth was broad-based across distribution channels. Agency business grew 21%, non-bank partnerships rose 22%, and direct sales increased 19% year-on-year. Bancassurance remained the largest channel, contributing 57% of new business sales.
READ THIS ALSO: ICICI Lombard General Insurance Q1 FY27 Results
HDFC Life Stock Price Today
As of 15 July, 3.30 PM
Ahead of the results, HDFC Life shares closed over 2% higher on July 15. Despite the day's gain, the stock is down around 24% on a year-to-date (YTD) basis. Over the past one year, from July 15, 2025, to July 15, 2026, the share price has declined about 15%.
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