HDFC Life sells not only life insurance. It also sells Health Insurance, Retirement products, women and children plans. Great!
Awaiting Q4 results to give a detailed update.
Awaiting Q4 results to give a detailed update.
FY21 YOY Update:
HDFC Life is an opportunity similar to what
HDFC Bank was two decades back. Put on
the seat belts and enjoy investing.
HDFC Life FY21 Annual Results Analysis (FY21 vs FY20)
Cash Flow YOY:
CFO increased by 31% YOY to 9702 Crores. Excellent.
(1/n)
HDFC Life is an opportunity similar to what
HDFC Bank was two decades back. Put on
the seat belts and enjoy investing.
HDFC Life FY21 Annual Results Analysis (FY21 vs FY20)
Cash Flow YOY:
CFO increased by 31% YOY to 9702 Crores. Excellent.
(1/n)
Growth Rates YOY:
AUM increased by 37% (1.74 lakh crores, 64%:36% debt: equity)
Networth increased by: 18%
Indian Embedded Value increased by: 29%
Total Annualized Premium Equivalent increased by: 13%
Net profit increased by 5% (1360 Crores).
Individual WRP grew by 17%.
(2/n)
AUM increased by 37% (1.74 lakh crores, 64%:36% debt: equity)
Networth increased by: 18%
Indian Embedded Value increased by: 29%
Total Annualized Premium Equivalent increased by: 13%
Net profit increased by 5% (1360 Crores).
Individual WRP grew by 17%.
(2/n)
Margins:
Embedded value operating profit: 18.5% vs 18.1% last yr
New business Margin: 26.1% against 25.9% last yr
Operating expense/Total premium improved to 12% from 13.1% YOY
Solvency ratio improved to 201% from 184% YOY
(3/n)
Embedded value operating profit: 18.5% vs 18.1% last yr
New business Margin: 26.1% against 25.9% last yr
Operating expense/Total premium improved to 12% from 13.1% YOY
Solvency ratio improved to 201% from 184% YOY
(3/n)
Product Mix:
UL: 24%
Par: 33%
Non Par Saving:31%
Term & Health: 7%
Annuity: 5%
HDFC Life has 2 subsidiaries:
1. HDFC pension management company. (Largest pension fund manager with market share of 34.4%. Largest pension fund manager in retail and corporate NPS AUM)
(4/n)
UL: 24%
Par: 33%
Non Par Saving:31%
Term & Health: 7%
Annuity: 5%
HDFC Life has 2 subsidiaries:
1. HDFC pension management company. (Largest pension fund manager with market share of 34.4%. Largest pension fund manager in retail and corporate NPS AUM)
(4/n)
2. HDFC International Life and Re. (Growth of 81% in gross insurance premium in FY21)
HDFC Life, with an excellent cash flow growth, and focus on increasing market share, focus on use of technology/ AI to scale growth.
(5/n)
HDFC Life, with an excellent cash flow growth, and focus on increasing market share, focus on use of technology/ AI to scale growth.
(5/n)
FII holding limit in insurance companies raised to 75%, and it is only matter of time FII will try to rise their current holding of 25.67% upwards.
HDFC Life a future multibagger under able HDFC Management. Study before any purchase.
(6/n)
HDFC Life a future multibagger under able HDFC Management. Study before any purchase.
(6/n)
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