HDFC Life Insurance Result Highlights
HDFC Life Insurance posted a 5.63 percent year-on-year (YoY) rise in net profit at Rs 326.09 crore for the September quarter compared to Rs 308.69 crore for the same quarter last year.
The net premium income for the quarter up by 34.77 percent to Rs 10,045.44 crore YoY, against Rs 7,453.68 crore for the corresponding quarter.
In terms of individual weighted retail premium, market share during the first half of the year expanded by 235 bps from 15.2 percent to 17.5 percent.
Focus on the protection segment resulted in 38% growth in the individual (retail) segment.
Operating expense ratio stood at 11.1% for the first half of FY21 compared with 14% a year ago.
Persistency ratio stood at 91% in the quarter ended September compared with 89% a year ago.
Impact on HDFC Life Insurance
Reported good numbers, we can expect a positive impact on the stock price.
HDFC Life is in the consolidation phase and trading in a range of 590 – 560 from the last one month. Any breakout above the level of 590 on the closing basis can generate a fresh buying rally in it. On the flip side breakout below the 555 level on the closing basis can generate momentum for the selling side but the probability for upside breakout is higher.
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