HDFC Operational & Financial Highlights
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HDFC
WITH YOU, RIGHT THROUGH
HDFC LIFE INSURANCE COMPANY LIMITED (HDFC LIFE)
48.7% owned by HDFC
Successfully completed the merger with Exide Life in October 2022. The entire transaction was
completed in less than 14 months.
Total premium income for the nine months ended December 31, 2022 stood at Rs. 379.1 bn - growth
of 20% over the previous year
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Market share of 15.8% among the private insurers
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Key highlights during the nine months ended December 31, 2022 (post-merger)#:
New Business Margin: 26.5% (PY: 26.5%).
Indian Embedded Value stood at Rs. 377 bn as at December 31, 2022 (PY: Rs. 295 bn)
Assets Under Management as at December 31, 2022 stood at Rs. 2.3 trillion (PY: Rs 1.9 trillion)
Solvency Ratio as at December 31, 2022 - 209% (regulatory requirement: 150%)
PAT for nine months ended December 31, 2022 (Indian GAAP): Rs. 10 bn (PY: Rs. 8.5 bn)
Product mix (Individual APE) - Unit Linked: 21%, Non-Par Savings: 39%, Annuity: 6%, Protection: 5%, Par: 29%
HDFC International, (overseas subsidiary of HDFC Life) has been granted the certificate of registration
to set up a branch at GIFT City
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Market capitalisation (December 31, 2022): ~US$ 15 bn
# Previous year numbers are not comparable due to the Exide Life merger in FY23
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