Q1FY23 Financial Results

HDFC WITH YOU, RIGHT THROUGH HDFC LIFE INSURANCE COMPANY LIMITED (HDFC LIFE) • 47.79% owned by HDFC • • With effect from January 2022, Exide Life Insurance Company (Exide Life) has become a wholly owned subsidiary of HDFC Life Total premium income for Q1FY23 stood at Rs. 94 bn - growth of 23% over the previous year • HDFC Life recorded a growth of 20% in terms of individual weighted received premium (WRP) during the quarter ending June 30, 2022 with a market share of 14.6% in the private sector. In Q1FY23, the new business premium grew 27%. New Business Margin for Q1FY23: 26.8% (PY: 26.2%) Indian Embedded Value stood at Rs. 297 bn as at June 30, 2022 (PY: Rs. 273 bn) Assets Under Management as at June 30, 2022 stood at Rs. 2 trillion, an increase of 10% over the PY Solvency Ratio as at June 30, 2022 - 178% (regulatory requirement: 150%) PAT for Q1FY23 (Indian GAAP): Rs. 3.65 bn (PY: Rs.3.02 bn) Product mix - Unit Linked: 25%, Non-Par Savings: 34%, Annuity: 6%, Protection: 5%, Par: 30% HDFC International, (overseas subsidiary of HDFC Life) has received an in-principle approval from International Financial Services Centres Authority to set up a 'global in-house center' at GIFT City. Market capitalisation (July 31, 2022): ~US$ 15 bn 42 42

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