Life,Holistic Living: Delivering Superior Customer Experience
Financial and operational snapshot (2/2)
H1 FY23
H1 FY23
H1 FY22
FY22
FY21
(Pre-Merger)
Overall New Business Margins (post overrun)
Operating Return on EV
Operating Expenses / Total Premium
27.6%
26.4%
27.4%
26.1%
(Post-Merger)
26.2%
17.7%
16.1%
16.6%
18.5%
ΝΑ
14.3%
12.0%
12.3%
12.0%
14.7%
Total Expenses (OpEx + Commission) / Total Premium
18.5%
16.3%
16.5%
16.4%
19.3%
Return on Equity
(1)
ΝΑ
13.5%
10.1%
17.6%
12.4%
Solvency Ratio
210%
190%
176%
Persistency (13M / 61M)
(2)
88%/54%
86%/52%
87%/54%
201%
85%/49%
210%
87%/51%
Market Share (%)
- Individual WRP
- Group New Business
- Total New Business
Business Mix (%)
14.8%
16.2%
14.8%
15.5%
16.1%
22.8%
28.1%
27.9%
19.1%
22.3%
21.0%
27.6%
21.5%
23.0%
19.8%
- Product (UL/Non par savings/Annuity/Non par protection/Par)
(3)
- Indl Distribution (CA/Agency/Broker/Direct)
(3)
- Total Distribution (CA/Agency/Broker/Direct/Group)
(4)
- Share of protection business (Based on Indl APE)
23/37/7/4/29
61/15/7/17
24/6/2/16/50
4.3%
- Share of protection business (Based on Overall APE)
15.5%
26/32/5/7/30
60/13/6/21
23/6/2/17/52
6.6%
13.9%
26/33/5/6/30 24/31/5/7/34 21/37/6/4/31
60/14/6/19 61/13/7/19 57/18/8/17
24/6/2/16/52 25/6/2/17/50 24/8/3/16/49
5.6%
6.8%
4.4%
13.6%
12.8%
15.6%
-
Share of protection business (Based on NBP)
32.3%
21.4%
24.0%
19.6%
31.7%
1.
Calculated using net profit and average net worth for the period (Net worth comprises Share capital, Share premium and Accumulated profits). Opening networth for FY23 has
been adjusted in line with the scheme of merger approved by the court
2.
For individual business, excluding single premium and fully paid up policies
3.
Based on individual APE. UL: Unit Linked, Trad: Traditional, Par: Participating & CA: Corporate Agents. Percentages are rounded off
HDFC
Life
4.
52
Based on total new business premium including group. Percentages are rounded offView entire presentation