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.
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.