Conference Call with Max Financial Services Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
Life Insurance company Max Financial Services announced Q1FY26 results Max Financial Services Limited reports 18% growth in consolidated revenue excluding investment income. Axis Max Life Insurance Limited’s private industry market share increased by 121 bps to 10%. Individual Adjusted First Year Premium at Rs 1,553 crore, grew 23%. Gross Written Premium: Rs 6,397 crore, up 18% YoY. VNB (measure of profitability) at Rs 335 crore, up 32% YoY; New business margin improved by 260 bps to 20.1%. Embedded Value at Rs 26,478 crore, grows 20% with an Operating RoEV of 14.3%. Individual New Business Sum Assured grew by 26%. Assets Under Management (AUM) at Rs 1,83,211 crore, up by 14%. New retail policy sales increase by 10%. Prashant Tripathy, CEO and Managing Director, Axis Max Life, said: "We have started the fiscal on a positive momentum, achieving a 23% YoY increase in Individual Adjusted First Year Premium. This robust growth is built on a foundation of a balanced product mix, a wide-reaching and diversified distribution network, and a relentless focus on innovation to meet the emergent customer needs. Our New Business Margin improved significantly to 20.1% in the first quarter, while the Value of New Business (VNB) saw a 32% year-on-year growth reflecting a proactive and strategic market approach, delivering a 121 basis point gain in Axis Max Life’s private industry market share. This performance not only demonstrates our operational efficiency but also the ability to generate sustainable, long-term value. As we move forward, our aspiration is clear and ambitious: to continue outpacing the industry growth while marching towards the goal of being among the top 3 private life insurers in India." Result PDF
Conference Call with Max Financial Services Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.