Life,Holistic Living: Delivering Superior Customer Experience

Focus on profitable growth Profit Accounting Economic Profit FY20 FY21 FY22 H1 FY22 H1 FY23 (Pre-Merger) New business Margin 25.9% 26.1% 27.4% 26.4% 27.6% Rs bn H1 FY23 (Post-Merger) 26.2% Value of new business 19.2 21.9 26.8 10.9 12.6 12.9 Profit after tax (PAT) 13.0 13.6 12.1 5.8 6.8 6.9 Underwriting profits 10.9 7.3 4.41 1.3 4.7 4.5 Shareholders' surplus 2.1 6.3 7.7 4.4 2.1 2.4 29.9 32.3 34.9 14.8 Underwriting profits breakup -13.5 -19.1 -25.0 -30.5 1. Post accounting for impact of excess mortality reserve (EMR) 9 FY20 FY21 FY22 H1 FY22 35% 19.9 ■Backbook Surplus ■New Business Strain -15.2 H1 FY23 (Pre-Merger) Profitable distribution Diversified growth mix innovation leading Market- Reimagining Quality of Board and insurance management HDFC Life

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