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HDFC Life Insurance posted a strong performance for the financial year ending March 2025, with a sharp 18% rise in individual APE (annualised premium equivalent) and a 13% jump in value of new business (VNB). However, its Q4FY25 APE came in at ₹5,186 crore — 3% below CNBC-TV18’s poll estimate of ₹5,343 crore — reflecting slightly weaker-than-expected new business traction amid rising competition. Despite the Q4 miss, profitability remained resilient.
The VNB margin for the quarter expanded 30 basis points year-on-year (YoY) to 26.5%, indicating better value realisation per policy. VNB for the quarter grew 11% to ₹1,376 crore, signalling healthy demand across segments.
On a full-year basis, HDFC Life saw its overall market share rise 70 basis points to 11.1%, with private sector share climbing to 15.7%.
HDFC Life's assets under management (AUM) touched ₹3.36 lakh crore, up 15% YoY. Persistency metrics showed strength, with 13th-month and 61st-month rates at 87% and 63%, respectively — the latter improving by a notable 1,000 basis points.
HDFC Life dividend amount Profit after tax stood at ₹1,802 crore for FY25, growing 15% YoY. The company declared a final dividend of ₹2.1 per share.
HDFC Life CEO Vibha Padalkar stated that the company has successfully deepened its market reach, with a focus on enhancing digital platforms, which now handle over 90% of service requests. "FY25 was a year where we deepened our reach, continued sharpening our value propositions and demonstrated the resilience of our business model. We are happy to report an 18% growth in Individual APE for FY25, in line with our stated growth aspirations for the year,: she said.
"Our overall industry market share expanded by 70 bps to 11.1% and by 30 bps to 15.7% within the private sector.
Retail protection continued to show strong momentum with APE growth of 25%. All channels registered double-digit growth. We continue to enhance customer experience through intuitive digital platforms, with over 90% of service requests now handled via self-service.
As we enter our 25th year of existence, our aspiration remains, against a backdrop of a stable regulatory regime, to consistently outpace sector topline growth, deliver VNB growth in line with APE growth and double key metrics every 4 to 4.5 years,” Padalkar added. Shares of HDFC Life ended at ₹720.
10 apiece, up by ₹4.10, on the BSE today, April 17..
