HDFC Life Share Price in Focus Ahead of H1 FY25 Financial Results Announcement

Today, on Tuesday, HDFC Life Insurance Company Limited (HDFC Life) is set to announce its financial results for the first half of FY25. 

On October 15, 2024, HDFC Life’s share price opened at ₹742.80, slightly up from its previous close of ₹740.60. By 10:41 AM, it reached a day’s high of ₹744.05 and was trading at ₹741.95, with an increase of 0.18%. Notably, HDFC Life’s share price touched a 52-week high of ₹761.20 on September 3, 2024, signalling investor confidence in the company’s performance.

In Q1 FY25, HDFC Life demonstrated financial growth across several key metrics. The company expanded its private market share from 16.4% in Q1 FY24 to 17.1% in Q1 FY25, while its overall market share in Individual Weighted Received Premium (WRP) increased to 11.4%. This growth was driven by a remarkable 46% increase in retail sum assured, supported by higher sum assured multiples for savings products and a 28% rise in retail protection sales.

The company reported a profit after tax of ₹478 crore, marking a 15% year-on-year growth, aided by an 18% increase in backbook surplus. HDFC Life’s Assets Under Management (AUM) surpassed ₹3 lakh crore, reflecting a significant 22% growth. Furthermore, HDFC Life experienced strong top-line growth across Tier 1, 2, and 3 geographies, indicating its successful expansion strategy. In a move to reward policyholders, HDFC Life declared its highest-ever bonus of ₹3,722 crore, benefiting more than 22 lakh par policyholders. This bonus declaration reinforces the company’s commitment to its customers and highlights its financial stability.

About HDFC Life Insurance Company Limited

HDFC Life Insurance Company is a leading provider of life insurance solutions in India. The company offers a diverse portfolio of individual and group insurance products, including protection, pension, and savings plans. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.