Life Insurance company Max Financial Services announced Q4FY25 & FY25 results Max Financial Services Limited has recorded consolidated revenue excluding investment income at Rs 32,620 crore that grew by 12% year-on-year during FY25. The consolidated revenue including investment income stands at Rs 46,497 crore and consolidated PAT at Rs 403 crore during FY25. Individual Adjusted First Year Premium grew by 20% to Rs 8,329 crore leading to private market share gain by 37 basis points (bps) to 9.8%. Number of new retail policies grew by 11%. Further, the renewal premium rose by 14% to Rs 21,049 crore, taking the Gross Written Premium to Rs 33,223 crore, an increase of 13% over the previous financial year. Proprietary Channels APE grew by 26% Gross Written Premium: Rs 33,223 crore, up 13% YoY Embedded Value at Rs 25,192 crore, grows 29% with an Operating RoEV of 19.1% Individual New Business Sum Assured grew by 31% Assets Under Management (AUM) at Rs 1,75,072 crore, up by 16% New retail policy sales increase by 11% during FY25 Revenue from operations stood at Rs 12,375 crore for Q4FY25 compared to 14,898 crore for Q4FY24 PBT stood at Rs 24.8 crore for Q4FY25 compared to Rs -58.93 crore for Q4FY24 Prashant Tripathy, CEO and Managing Director, Axis Max Life, said, “In FY’25, Axis Max Life sustained its strong growth momentum and secured the rank 3 position in the private life insurance industry during H2 FY’25. Our market share increased by 98 basis points since FY’23, supported by a 2-year CAGR of 18%, becoming one of the fastest growing life insurer and well ahead of the private and total industry growth rates of 12% and 8%, respectively. These outcomes reflect consistent execution of our strategic priorities - scaling proprietary distribution, deepening partnerships, and driving product innovation. As we continue to expand our reach across customer segments, our focus remains on delivering long-term value to our customers, partners, and shareholders.” Result PDF
Conference Call with Max Financial Services Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.