HDFC Life has reported New business APE of Rs. 21,570 mn, growing 18% YoY & 1.1% QoQ.
(2/n)
(2/n)
Value of New business came in at 5,700 mn, growing 27% YoY & 4.2% QoQ.
(3/n)
(3/n)
Embedded Value for the quarter stood at Rs. 2,50,540 mn, up 20% YoY & 7.4% QoQ
(4/n)
(4/n)
Calculated VNB Margin came in at 26.4 %, up 184 bps YoY & 79 bps QoQ
(5/n)
(5/n)
Expense Ratio for the quarter was at 18.3%, up 47 bps YoY & 326 bps QoQ
(6/n)
(6/n)
Persistency Ratio for 13/37/61 month came in at 92.9%/72.1%/51.8%, up/down by 410/60/-80 bps YoY & 210/30/-60 bps QoQ
(7/n)
(7/n)
Solvency Ratio was healthy at 202%, up 700 bps YoY & down 100 bps QoQ
(8/n)
(8/n)
HDFC Life trades at an FY22E P/EV of 4.8x for an FY21E/22E/23E RoEV (operating) profile of 18.7%/18.1%/17.7%
(9/9)
(9/9)
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