Mumbai: Canara HSBC Life Insurance Company Limited on 9 October 2026, reported a 24% year-on-year growth in its Value of New Business (VNB), reaching ₹266 crore for the half-year ended 30 September 2026.
Financial Performance
The company's New Business Premium stood at ₹1,984 crore, marking a 16.1% year-on-year increase. Individual Weighted Premium Income (WPI) rose by 14.5% to ₹1,117 crore.
Total Assets Under Management (AUM) grew by 14% year-on-year to ₹50,200 crore as of 30 September 2026. Profit After Tax (PAT) for the period was ₹71.2 crore, an increase of 10.8%.
Key Ratios
The VNB margin for H1 FY27 was 21.3%. The operating RoEV on a rolling 12-month basis was 19.8%.
Total Annualized Premium Equivalent (APE) reached ₹1,250 crore, a 14.4% year-on-year growth. The Solvency Ratio as of 30 September 2026 stood at 180%.
Business Growth
Protection business grew by 44% year-on-year, contributing 10.5% to total APE. Credit Life business saw a 35% year-on-year growth.
Total Premium Income for the half-year was ₹4,742 crore, up 17.3% year-on-year. Renewal Premium (Individual + Group) grew by 18.2% to ₹2,758 crore.
Product Mix
On an APE basis, the product mix included ULIP at 41%, Non-Par Savings at 24.6%, Par at 9.9%, Non-Par Protection at 10.5%, and Annuity at 13.7%.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
