Q1FY22 Result Update - HDFC Life Insurance - ICICI Direct

Business traction healthy, claims rise amid pandemic.

- Gross premium grew at a healthy pace of 31% YoY to Rs. 7657 crore

- VNB margins remained healthy at 26.2% aided by balanced product mix

- Claims rise sharply with peak claims 3-4x higher than during first wave

- Surplus declined to Rs. 59 crore vs. Rs. 283 crore YoY

Key triggers for future price performance

- Calibrated growth in credit protect & focus on retirement product to aid growth

- Strong distribution network remains core to maintain business momentum

- VNB margins to be industry leading above ~26%

- Higher Covid claim remains a near term overhang; reserves at Rs. 700 crore

For details, click on the link below: Link to the report

Shares of HDFC Life Insurance Company Ltd was last trading in BSE at Rs. 663.6 as compared to the previous close of Rs. 678.6. The total number of shares traded during the day was 130323 in over 6425 trades.

The stock hit an intraday high of Rs. 681.7 and intraday low of 662. The net turnover during the day was Rs. 87510953.

Source : Equity Bulls

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