HDFC Life Reports 4% YoY Increase in Profit for Q4; Declares ₹2.10 Final Dividend for FY26

HDFC Life Insurance Reports 4% Rise in Q4 Net Profit

HDFC Life Insurance Company reported a 4% year-on-year (YoY) rise in its standalone net profit after tax to ₹495.65 crore for the March quarter of the financial year 2025-26 (Q4FY26). This represents a significant increase from the ₹476.54 crore reported in the corresponding quarter of the previous financial year.

The company has recommended a final dividend of ₹2.10 per equity share of a face value of ₹10 each for the financial year 2025-26, subject to shareholders' approval at its annual general meeting (AGM). HDFC Life Insurance Company's 26th AGM will be held on Thursday, 16 July 2026, via video conferencing. The record date for the purpose of ascertaining shareholders' entitlement to the final dividend is Friday, 19 June 2026, and the final dividend will be paid on or after 20 July 2026.

In a separate development, the company announced the re-appointment of Niraj Shah as its Executive Director and Chief Financial Officer, whose current term ends on 25 April 2026. Additionally, HDFC Life Insurance Company said it had issued 1,45,23,906 shares, each having a face value of ₹10, at a price of ₹688.52 per equity share, aggregating to ₹1,000 crore, on a preferential basis to its promoter, HDFC Bank.

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Key Takeaways from HDFC Life Insurance Company Q4 Earnings

The company reported a number of key metrics, including:

New business in terms of annualised premium equivalent (APE) grew 8% year-on-year, translating into a healthy two-year CAGR of 12%. Retail protection saw a robust growth of 46% during the quarter, translating to a 43% growth for FY26. Retail sum assured grew by 28% year-on-year. HDFC Life's assets under management (AUM), including those of its wholly owned subsidiary HDFC Pension Fund Management, stood at ₹5.3 trillion.

According to Vibha Padalkar, Managing Director and CEO of HDFC Life, "During FY26, we continued to maintain our position among the top three private insurers by individual WRP. Our private sector market share stood at 15.2% for 11 months of FY26. We outperformed the broader industry in two key focus areas: the first one being retail protection, which grew 43%, and the second one being agency channel, which also grew ahead of the industry."

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HDFC Life Insurance Company shares ended 1.41% lower at ₹631.55 on BSE on 16 April.