Life,Holistic Living: Delivering Superior Customer Experience
Revenue and Profit & Loss A/c
Revenue A/c₁
H1 FY23
H1 FY22
(Post-Merger)
Profit and Loss A/c¹
H1 FY23
(Post-Merger)
Rs bn
H1 FY22
Premium earned
233.3
192.9
¡ Income
I
Reinsurance ceded
(3.7)
(3.0)|
I
! Interest and dividend income
2.9
2.5!
I
Income from Investments
64.8
158.4
I
Net profit/(loss) on sale
(0.1)
2.1
I
I
! Other Income
1.1
0.5
I ¡Transfer from Shareholders' Account
Transfer from Policyholders' Account
4.7
3.3 ¦
0.2
2.0
I
Other Income
Total Income
295.7
350.7
Commissions
Expenses
10.8
8.1
Total
7.5
7.9
I
34.0
23.0
Outgoings
I
I
I
GST on UL charges
1.8
1.8
Transfer to Policyholders' Account
0.2
2.0
I
I
I Provision for taxation
0.4
0.1
I
Expenses
0.3
0.2
I
Provision for diminution in value of investments
0.3
(2.4)
I
Interest on convertible debentures
0.3
0.2¦
Benefits paid
181.8
134.7
I
I Provision for diminution in value of investments
(0.2)
(0.3)¦
Change in valuation reserve
54.0
176.6
I
I
i Provision for Taxation
0.0
0.1
i Bonuses Paid
Total Outgoings
8.1
6.6
291.1
348.5
Total
0.6
2.1
Surplus
! Transfer to Shareholders' Account
4.6
2.2
Profit for the year as per P&L Statement
6.9
5.8
4.7
3.31
I
Funds for future appropriation
Par
(0.1)
(1.0)
Total Appropriations
4.6
2.2
1. Numbers may not add up due to rounding off effect
HDFC
Life
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