Insurance share price target

HDFCLIFE registered a strong performance as overall NBP grew sharply by 46.6% yoy to Rs. 9.4bn. This outperformance by HDFCLIFE was driven by a substantial increase in the group single premiums which jumped 2.1x. Overall NBP for IPRU declined 3.9% yoy while SBILIFE saw a modest 1.6% yoy increase in overall NBP in May 2021. For SBILIFE, the retail non-single premiums declined by 6.5% yoy, while the growth in the group single premium category was lower than private players. The group renewal business was half of what it was in May 2020. These factors contributed to the decline in NBP for the company. For IPRU, the de-growth in overall NBP was led by a decline in the group renewal business....

Margins steadier with marginal gains: Margins will continue to see improvement by 80-150bps YoY for Q4FY21 but see marginal improvement sequentially. This will be on back of continued mix changes towards high margin products. EV growth will be good as base had negative economic variance for most insurers due to sharp fall in capital markets, which should...

Margins steadier with marginal gains: Margins will continue to see improvement by 80-150bps YoY for Q4FY21 but see marginal improvement sequentially. This will be on back of continued mix changes towards high margin products. EV growth will be good as base had negative economic variance for most insurers due to sharp fall in capital markets, which should...

IPru Life posted a 7% YoY growth on overall APE and 6% on individual APE, a first positive growth in 13 months. On FYTD21 new business de-grew -27% and is likely to end in negative growth for second consecutive year. IPru Life...

PICKING UP STEAM

In our previous report Bridging the Gap: Perspectives on Indian Life Insurance Industry,' we highlighted the immense opportunities awaiting Indian life insurers

Overall growth pick-up slow but steady: Insurance companies' business momentum remains sequentially good but with growth rate bouncing back in Q2FY21 (post lockdown ending), the overall business growth rate has also remained steady. Saving products continue to be in demand especially...

Overall growth pick-up slow but steady: Insurance companies' business momentum remains sequentially good but with growth rate bouncing back in Q2FY21 (post lockdown ending), the overall business growth rate has also remained steady. Saving products continue to be in demand especially...