Journey Simplification and Business Resilience

Accounting Economic Profit Focus on profitable growth. Profit FY19 FY20 FY21 H1 FY21 H1 FY22 New business Margin 24.6% 25.9% 26.1% 25.1% 26.4% Value of new business 15.4 19.2 21.9 8.4 10.9 Profit after tax (PAT) 12.8 13.0 13.6 7.8 5.82 Underwriting profits 9.0 10.9 7.3 5.6 1.3 Shareholders' surplus 3.8 2.11 6.3 2.2 4.4 29.9 32.3 25.5 16.7 14.8 -11.1 -13.5 Underwriting profits breakup -16.5 -19.1 -25.0 FY19 FY20 FY21 ■Backbook Surplus ■New Business Strain 2. 1. FY20 shareholder surplus: Post accounting for impact of Yes Bank AT1 bonds write-off Numbers may not add up due to rounding off effect 19 3. EMR: Excess Mortality Reserve H1 FY21 H1 FY22 Lower due to strengthening of EMR3 Rs bn Profitable growth distribution mix Diversified leading Market- Quality of insurance Reimagining Board and innovation management HDFC Life

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