Conference Call with HDFC Life Insurance Company Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
HDFC Life Insurance Company announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Net premium income: Rs 2,376,556 lakh compared to Rs 2,048,811 lakh during Q4FY24. PBT: Rs 48,621 lakh compared to Rs 44,971 lakh during Q4FY24. PAT: Rs 47,654 lakh compared to Rs 41,166 lakh during Q4FY24. FY25 Financial Highlights: Topline Growth: Delivered strong individual APE growth of 18%, supported by increase in both number of policies sold and ticket size and a balanced product mix. Market Share: Overall market share (individual WRP) increased by 70 bps to 11.1% for the period 11MFY25. Private sector market share stood at 15.7%, an increase of 30 bps. Value of New Business (VNB) grew by 13% to Rs 3,962 crore, reflecting robust growth in profitable business. Assets under Management (AUM): AUM stood at Rs 3,36,282 lakh crore as on 31 st March 2025, an increase of 15% YoY. Persistency: Our persistency for the 13th and 61st months stood at a strong 87% and 63%, respectively. Notably, our 61st-month persistency saw a significant improvement of 1000 basis points, demonstrating the company's deep customer engagement and effective retention initiatives. Embedded Value (EV) grew by 17% and stood at Rs 55,423 crore, with 16.7% operating return on EV, showcasing sustained long-term value creation for shareholders. Profit After Tax (PAT) of Rs 1,802 crore was achieved in 12M FY25, clocking a steady growth of 15% YoY, helped by an 18% increase in profit emergence from our back book. The Board has recommended a final dividend of Rs 2.1 per share, in line with our dividend payout policy, aggregating to a payout of about Rs 452 crore. Solvency Ratio stood at 194%, comfortably above the regulatory threshold of 150%. Vibha Padalkar, Managing Director & CEO of HDFC Life, said: “FY25 was a year where we deepened our reach, continued sharpening our value propositions and demonstrated the resilience of our business model. We are happy to report an 18% growth in Individual APE for FY25, in line with our stated growth aspirations for the year. Our overall industry market share expanded by 70 bps to 11.1% and by 30 bps to 15.7% within the private sector. Retail protection continued to show strong momentum with APE growth of 25%. All channels registered double-digit growth. We continue to enhance customer experience through intuitive digital platforms, with over 90% of service requests now handled via self-service. As we enter our 25th year of existence, our aspiration remains, against a backdrop of a stable regulatory regime, to consistently outpace sector topline growth, deliver VNB growth in line with APE growth and double key metrics every 4 to 4.5 years.” Result PDF