HDFC Life Insurance Company Ltd. share price target

HDFC Life has announced the 100% acquisition of Exide Life for consideration of INR66.87b, of which INR7.26b would be paid in cash. Furthermore, the company would issue 87m shares to Exide Industries Limited towards the balance amount at INR685 per share. HDFC Life expects to secure all the approvals and complete the transaction by 30th Jun'22. In FY21, Exide Life earned a total premium of INR33.25b (8.6% that of HDFC Life), and total AUM stood at INR187.8b (10.4% that of HDFC Life). The acquisition would enable HDFC Life to increase its market share by ~140bp to...

Deal valued at 2.5x at current EV of Rs27.1bn for Exide Life, looks on expensive side but 35% discount to listed players (ex-HDFCLI) HDFC Life is making a second attempt at an inorganic deal with acquisition of Exide Life for Rs66.87bn valuing the company at 2.5x current EV. The rationale for the deal has been (i) strong agency business (adds 40% to...

Spike in claims affects PAT; Operations stable HDFC Life Insurance Co. Ltd, a joint venture between HDFC Ltd. and Standard Life Aberdeen, provides insurance services and was listed on BSE on 17th...

the quarter ended June 2021 (Q1FY2022).The company has maintained strong growth in the premium collection and exhibited improvement in new business margin of 26.2% in Q1FY2022 on the back of a favourable product mix and cost control measures. The performance of the company has been impacted due to second wave of covid pandemic...

Higher reserves dent EVOP growth; persistency trends stable Motilal Oswal values your support in the Asiamoney Brokers Poll 2021 for India Research, Sales, Corporate Access and...

HDFC Life underperformed benchmarks in last six months by 5.4% given, second COVID wave challenges such as risks from claims (death & otherwise) and lockdown led limited activity on protection side. As per...

Healthy and consistent performance, margins improving, beats estimates HDFC Life Insurance Company has recorded 2% growth in the net profit to Rs 317.94 crore in the quarter ended March 2021 (Q4FY2021). The company has maintained strong growth in the premium collection and exhibited improvement in new business margin of 26.1% in FY2021 on the back of a favourable product mix and cost control measures. The value of new business (VNB) jumped 52% to Rs 777 crore in Q4FY2021 from Rs 512 crore in Q4FY2020. The company has posted a 22% surge in total premium collection to Rs 12910...

Gross premium growth remained healthy at 21.6% YoY to | 12911 crore, led by steady traction in renewal to | 6350 crore (up 14.9% YoY) and new business premium to | 6560 crore (up 28.9% YoY). On an APE basis, growth in premiums increased 36.3% YoY to | 2806 crore. Individual APE for FY21 was at | 7120 crore, up 16% YoY. Growth in protection business remained slower with 4% YoY growth in individual premium to | 480 crore while group premium declined 21% YoY to | 3440 crore for FY21, primarily due to slowdown in credit disbursement. The company is seeing improving...

HDFC Life (HDFCLIFE) reported improvement in new business APE (led by the Non-PAR and PAR businesses), while the trend in Retail Protection remained muted. VNB margins improved to 27%, aided by a rise in Non-PAR as well as cost control. Thus, absolute VNB grew 52% YoY in 4QFY21. On the persistency front, better trends were witnessed in the PAR/Protection...