Investor Presentaiton

Analysis of change in IEV EVOP - 48.0 EVOP%¹ 16.5% - 11.9 3.4 22.7 1.3 24.1 395.3 Economic variances Dividend & VNB Operating variances Capital infusion Unwind 267.4 127.9 Adjusted Net worth (ANW) Value of in-force business (VIF) IEV As at Mar 31, 2023 Operating variance continues to be positive and in line with our assumptions 12 1. EVOP% calculated as annualised EVOP (Embedded Value Operating Profit) to Opening EV Rs bn 451.7 312.3 139.5 Profitable distribution Diversified growth first Customer mix & governance management Risk IEV As at Dec 31, 2023 digital & Technology, Analytics HDFC Life

View entire presentation