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Today Date : Sunday, April 14, 2024

HDFC Life reports continued healthy performance during FY23H1 across all key metrics

HDFC Life reports continued healthy performance during FY23H1 across all key metrics

HDFC has posted market share improvement from 14.6 per cent in April to June 2022 to 15.0 per cent during July to September 2022, on a pre-merger basis according to Ms. VibhaPadalkar, MD & CEO, HDFC Life. She was speaking at the Board of Directors meeting which approved and adopted today the audited standalone and reviewed consolidated financial results for the half year ended September 30, 2022. 

On the business front, HDFC Life continued to maintain a steady growth trajectory, growing by 11% in terms of total APE in H1 FY23 on a pre-merger basis i.e. excluding Exide Life, she added.  HDFC Life’s Market share in terms of individual WRP for the merged entity i.e. including Exide Life stands at 16.1% amongst private players and 10.2% within overall industry. New business margin for H1 is 27.6%, up from 26.4% in H1 FY22, on a pre-merger basis.  There has been margin expansion for both the existing business i.e. pre-merger and the acquired Exide Life business in H1 FY23, according to a statement from the company.