Thread by @AlphSt_India

HDFC Life Insurance Company Ltd Q4 FY22 Earnings Concall Insights

#HDFCLIFE #HDFCLIFEQ4 #HDFCLifeInsuranceCompany #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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Q&A Insights: Suresh Ganapathy from @Macquarie asked about the details of the 80 bp change in operating assumptions impacting margin. Niraj Shah CFO said that it’s the seasonality assumptions the company had at the beginning of the period, given what’s seen in the portfolio.

Q&A Insights: Suresh Ganapathy of @Macquarie also asked about change in equation due to the merger of HDFC Limited and Bank. Vibha Padalkar MD replied that with this merger there will be a direct alignment and also will have cross-sell opportunities in a structured manner.

Q&A Insights: Arav Sangai of VT Capital asked about expense and if HDFCLIFE is spending extra and would it affect VNB margins. Vibha MD said the margins on a standalone basis will continue to trend upwards. Along with Exide Life, HDFCLIFE hopes to end flat against the FY22 margin

Q&A Insights: Arav Sangai of VT Capital asked that since the increase in retention in 3Q22, will it affect the mortality sensitivity going ahead. Srinivasan Chief Actuary said, retention on new business should be slightly higher, but EV sensitivity won’t really change materially.

Q&A Insights: Ravi Naredi with @NarediInvestme1 enquired about the profit from unrealized investment gain as on 31 March, ‘22. Vibha Padalkar MD said it is nothing but the mark-to-market of equity. So as on 31 March, whatever is the market rates, that is what’s the underlying AUM

Q&A Insights: Ravi Naredi with @NarediInvestme1 also asked that on the merged entity of HDFC and HDFC Bank how much equity HDFC Bank may hold in HDFC Life. Vibha Padalkar MD replied that currently 47.6% HDFC is holding. But have asked for regulatory approval to take it up to 50%.

Q&A Insights: Deepika Mundra from @jpmorgan asked about the solvency requirement for next year and what’s the comfortable level of solvency. Vibha Padalkar MD said the company started off with a solvency of 190% as of 31st of March. HDFCLIFE typically will hover around the 180%.

To read further on the detailed analysis of #HDFCLIFE concall Q&A …

alphastreet.com/india/hdfc-lif…