HDFC Life Q2 profit rises 13.6% to ₹508 crore; net premium income ₹21,727 crore
HDFC Life Insurance reported a standalone net profit of ₹508 crore for July to September 2026, up 13.6% from ₹447 crore a year earlier. Net premium income was ₹21,727 crore; reports give two different year-earlier figures, so the rise is 15.1% or 15.7%.
HDFC Life Insurance, a life insurer, reported a standalone net profit of ₹508 crore for the quarter ended 30 September 2026 (July to September, the second quarter of the financial year 2026-27, or Q2 FY27). That is 13.6% more than the ₹447.15 crore it reported for the same quarter a year earlier. Its net premium income, meaning the premiums it collected from policyholders after deducting the share passed to reinsurers, was ₹21,727.37 crore, against about ₹18,777 crore a year earlier, a rise of about 15.7% on those figures. The numbers are as carried by news reports of the company’s results.
Key terms
- Standalone net profit is the company’s own profit after all expenses and tax, without its subsidiaries.
- Net premium income is the premium an insurer receives from policies, less the part it pays to reinsurers (insurers that share its risk).
- Annualised premium equivalent (APE) is a measure of new sales: regular premiums for the year plus a tenth of single premiums, which are paid once.
- Value of new business (VNB) is the insurer’s own estimate of the present value of profit expected from the policies it sold in a period. VNB margin is VNB as a share of APE.
Q2 FY27 results
Amounts are in ₹ crore as reported; percentage changes are this site’s arithmetic, rounded to one decimal place.
| Metric | Q2 FY27 | Q2 FY26 | Change YoY |
|---|---|---|---|
| Standalone net profit | 508 | 447.15 | +13.6% |
| Net premium income | 21,727.37 | about 18,777 | +15.7% |
YoY means year on year: compared with the same quarter a year earlier (July to September 2025). Whalesbook reported that single premiums, which are paid once, rose 31.39% to ₹7,055.96 crore and that first-year premiums grew 9.69%.
Six months to 30 September 2026
ScanX reported these half-year (H1 FY27, April to September 2026) figures against H1 FY26:
| ₹ crore | H1 FY27 | H1 FY26 | Change YoY |
|---|---|---|---|
| Annualised premium equivalent (APE) | 8,245 | 7,413 | +11% |
| Value of new business (VNB) | 2,037 | 1,818 | +12% |
The VNB margin was 24.7%, against 24.5% a year earlier, as reported. The percentage changes in the table are as reported by ScanX.
Basis of these figures
HDFC Life’s results press release and its filing with BSE and NSE could not be opened for this article, so every Q2 FY27 figure is attributed to the Whalesbook and ScanX reports of 15 October 2026; Asia Insurance Post also reported a profit of ₹508 crore (up 13.6%) and net premium income of ₹21,727 crore (up nearly 16%). The year-earlier profit of ₹447.15 crore is from reports on the Q2 FY26 results. Reports on those results give two figures for the year-earlier net premium income, about ₹18,777 crore and ₹18,871.23 crore; this article uses ₹18,777 crore, the figure in the Whalesbook report, which is consistent with the “nearly 16%” in the Asia Insurance Post report. On ₹18,871.23 crore the rise would be about 15.1%. Percentage changes marked as ours are arithmetic on the reported figures.