HDFC Life Insurance Company Ltd (HDFCLIFE)

HDFC Life Launches No Jhanjhat Life Insurance Fatafat Campaign - 03 May, 2024

HDFC Life has launched a new campaign, No Jhanjhat Life Insurance Fatafat, aimed at providing a seamless and swift life insurance purchasing experience through its digital platform. The campaign aims to raise awareness about the importance of life insurance in India and encourage individuals to secure themselves and their families financially.

Margins of Private Insurers Likely to be Impacted - 02 May, 2024

A Kotak Institutional Equities report suggests that private insurers, including HDFC Life and Max Life, may see a drag on their margins due to an increase in surrender value. The impact is estimated to be between 120-200 basis points for private insurers.

HDFC Life Insurance Reports 11% Growth in FY24 - 29 Apr, 2024

Despite changes in the budget, HDFC Life reported an 11% growth in FY24 on a normalized basis. The pension subsidiary crossed Rs 75,000 crore of assets under management, and their Dubai subsidiary launched two dollar-denominated products. New business margin for FY24 was 26.3%, compared to 27.6% last year. The drop was primarily due to operating leverage gap caused by one-time additional APE received in FY23 due to Budget changes.

HDFC Life Insurance to Increase Dividend - 25 Apr, 2024

HDFC Life Insurance is set to increase its dividend from last year's payment to Rs 2.00 on August 14th, with a modest boost to shareholder returns. The payout ratio is estimated to be sustainable at 18%, but caution is advised due to past inconsistencies.

HDFC Life's FY24 Performance Flat, ULIP Sales Increase - 24 Apr, 2024

HDFC Life Insurance Company Ltd reported flat year-on-year total annual premium equivalent (APE) for fiscal year 2024. However, after adjusting for non-recurring premium income from the previous year, APE growth was nearly 8% YoY. The value of new business ratio stands at 37x based on FY24 results, which seems high given the 5% drop in VNB to ₹3,500 crore. Unit-linked insurance plan accounted for 35% of total sales in FY24, up from 19% a year ago.

HDFC Life Witnesses Short Positions Amid Positive Growth Outlook - 23 Apr, 2024

ICICI Securities recommends buying HDFC Life Insurance due to its growth in tier-2/3 cities and focus on longer-tenor products. However, the stock witnessed a decline due to fresh short positions.

HDFC Life Insurance Q4FY24 GWP up 34.9% QoQ - 22 Apr, 2024

HDFC Life Insurance's Gross Written Premium (GWP) for Q4FY24 stood at INR 209,376 Mn, up 34.9% QoQ. Value of New Business grew by 44.2% QoQ to INR 12,340 Mn. PAT for Q4FY24 was INR 4,197 Mn, a growth of 17.0% YoY/15.0% QoQ. Embedded value increased by 20.1% YoY and 5.3% QoQ. KR Choksey maintains BUY rating with target price of INR 745 per share.

HDFC Life Insurance Beats Revenue Estimates by 12% - 21 Apr, 2024

HDFC Life Insurance beats revenue estimates by 12%, with revenues of ₹1.0t and EPS of ₹7.31 beating analyst models by 2.1%. Analysts forecast 2025 revenues to be approximately in line with the last 12 months, with per-share earnings expected to jump 26% to ₹9.19. The consensus price target remains unchanged at ₹736.

HDFC Life Insurance Reports Strong Financial Results - 20 Apr, 2024

HDFC Life Insurance reported strong financial results for Q4 FY24 and FY 2024, beating analyst estimates. Despite recent negative returns, analysts remain bullish on the company.

HDFC Life's Value of New Business Margin Contracts in Q4 - 19 Apr, 2024

HDFC Life Insurance reported a drop in its Value of New Business margins in Q4FY24, leading to brokerages cutting their earnings estimates and target prices. However, Emkay Global Financials recommends buying the stock with a target price of Rs 725.

HDFC Life Reports Q4 Results, Citi Upgrades Rating - 18 Apr, 2024

HDFC Life Insurance Company Ltd reported a Q4 FY24 net profit of Rs 411 crore, up 14.8% YoY. Citi upgraded the stock's rating to buy with a target price of Rs 720 per share. Deepak Parekh stepped down as Chairman and Non-Executive Director.

HDFC Life Expected to Report Strong Growth in New Business Premiums - 17 Apr, 2024

HDFC Life is set to report its Q4 financial results with analysts expecting strong growth in new business premiums and a modest single-digit growth in net profit despite low-margin products affecting VNB.

HDFC Life Insurance Company Ltd Down for Fifth Straight Session - 16 Apr, 2024

HDFC Life Insurance Company Ltd is down 1.29% on the day, losing around 4.58% in the last month. The Nifty Financial Services index has increased by 2.07% in the same period. The stock's PE ratio is 86.9 based on TTM earnings ending December 23.

HDFC Life Receives GST Order Worth Rs 40.55 Lakh - 12 Apr, 2024

HDFC Life has received a GST order from the Deputy Commissioner of State Tax, Dehradun, concerning erstwhile Exide Life Insurance Company Limited for the period April 1, 2018 to March 31, 2019, with a tax demand, interest, and penalty totaling Rs 40.55 lakh.

HDFC Life Insurance Volume Surges Over Two-Week Average - 10 Apr, 2024

HDFC Life Insurance Company Ltd saw a surge in trading volume on the BSE, with 7.06 lakh shares traded - a 10.51 times increase from the two-week average daily volume of 67,243 shares. However, the stock lost 1.84% to close at Rs.622.10.

HDFC Life Receives GST Order of INR 102.5 Crore - 05 Apr, 2024

HDFC Life Insurance has received a GST demand order for Rs 102.5 crore, including tax demand, interest, and penalty. The company will contest the same by way of an appeal before the Appellate Authority.