HDFC Life Reports 14% Profit Rise in September Quarter
HDFC Life Insurance posted a 14% increase in standalone net profit to ₹508 crore for the September quarter, up from ₹447 crore a year earlier. Net premium income rose 16% to ₹21,727 crore. The value of new business margin expanded to 24.7%, with new business value growing 12% to ₹2,040 crore. The solvency ratio improved to 180%. The board approved raising ₹500 crore via subordinated non-convertible debentures.
ET Markets··Mumbai



