HDFC Life profit rises 7% to $160m in 9M 2026

Individual APE increased 11% year on year and two year CAGR was 17%.

HDFC Life’s nine months to December (9M 2026) profit climbed 7% year-on-year (YoY) to $0.16b (₹14.1b). 

“Against this backdrop, the industry reported year-on-year growth of around 10%, with HDFC Life growing faster at 11% on individual WRP,” Vibha Padalkar, Managing Director and CEO of HDFC Life said in a press release. 

“As expected, our growth in Q3 outpaced H1, leading to an acceleration in the nine-month growth. This improvement was largely volume-driven, with the number of policies recording double-digit growth during the quarter. We expect this momentum to sustain into Q4, supporting a balanced and healthy full-year outcome,” Padalkar added. 

Excluding one-time labour code and GST impact, underlying PAT growth for both nine months and the quarter stood at 15%.

Individual New Business in terms of Individual Annualised Premium Equivalent (APE) grew 11% YoY, translating into a healthy two-year CAGR of 17%. 

Its market share gained 20 basis points within the overall sector, the insurer said. This was equivalent to an overall industry market share at 10.9%. 

HDFC Life’s value of new business (VNB) for 9M 2026 stood at $0.31b (₹27.7b), a growth of 7% YoY and a two-year CAGR of 11% whilst broadly maintaining new business margins similar to the first half of the year, at 24.4%.

($1.00 = ₹90.89)