Canara HSBC Life Insurance H1 FY27 Results: Profit Rises To ₹71.2 Crore As Value Of New Business Grows 24%
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Canara HSBC Life Insurance reported H1 FY27 profit after tax of ₹71.2 crore. New business totalled ₹266 crore, and assets under management stood at ₹50,200 crore.
Canara HSBC Life Insurance Company Limited reported a profit after tax (PAT) of ₹71.2 crore for the half-year ended 30 September 2026, compared with ₹64.2 crore in the corresponding period last year. Total premium income increased to ₹4,742 crore from ₹4,042 crore.
New business premium income stood at ₹1,984 crore, and individual weighted premium income reached ₹1,117 crore. The company also reported a value of new business (VNB) of ₹266 crore, a growth of 24% year-on-year. The VNB margin was 21.3%.
The Canara HSBC Life share price closed at ₹139.22 on the National Stock Exchange (NSE) on 9 October 2026, down 4.36%.
How Did Canara HSBC Life Insurance Perform Financially?
The company’s total annualised premium equivalent (APE) increased to ₹1,250 crore from ₹1,092 crore in H1 FY26. Renewal premium rose to ₹2,758 crore from ₹2,334 crore.
Assets under management (AUM) stood at ₹50,200 crore as of 30 September 2026, compared with ₹44,090 crore a year earlier. Embedded value reached ₹7,622 crore, with an operating return on embedded value (RoEV) of 19.8% on a rolling 12-month basis.
The expense ratio was 20.5%, compared with 19.0% a year earlier. The solvency ratio stood at 180%, against 198% in H1 FY26.
What Were The Key Business And Operational Updates?
The protection business grew 44%, with protection APE at ₹131 crore and accounting for 10.5% of total APE. Credit Life recorded year-on-year growth of 35%.
The product mix by APE comprised ULIP at 41%, non-participating savings at 24.6%, participating products at 9.9%, non-participating protection at 10.5% and annuity at 13.7%.
The 13-month persistency ratio improved to 85.6% from 84.4%, while the 61-month ratio stood at 54.6%, compared with 55.5% a year earlier. The company also launched Promise2Secure, a product designed to provide flexible financial security solutions.
What Did Management Say?
Anuj Mathur, Managing Director and Chief Executive Officer, said traditional segments continued to see resilient demand. He highlighted 44% growth in protection, a VNB of ₹266 crore and a 21.3% VNB margin as evidence of the company’s focus on business quality and profitable growth.
Mathur also pointed to momentum in credit life and annuity, alongside strong renewal trends.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
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