INTEGRATED FILING — LI



General information about company

Scrip code 540777
NSE Symbol HDFCLIFE
MSEI Symbol NOTLISTED
ISIN INE795G01014
Name of Company HDFC Life insurance Company Limited
Type of company Main Board
Class of security Equity
Type Of Insurance Non-Linked Policy And Linked Policy
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 15-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Jun-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Start date and time of board meeting 15-Jul-2025   13:30:00
End date and time of board meeting 15-Jul-2025   15:35:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable





Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Policyholders' Accounts
1 Income
(i) Gross premium income
(a) First Year Premium 25594900000
(b) Renewal Premium 76060200000
(c) Single Premium 47219100000
Gross premium income 148874200000
(ii) Net premium income 145394200000
(iii) Income from investments (Net) 146022800000
(iv) Other income
1 Other income 738800000
Total other income 738800000
(v) Transfer Of Funds From Shareholders Account 693700000
(vi) Total Income 292849500000
2 Expenses
(i) Commission on
(a) First Year Premium 14264500000
(b) Renewal Premium 1294800000
(c) Single Premium 1947400000
Total Commission 17506700000
(ii) Net Commission 17518200000
(iii) Operating Expenses related to insurance business
(a) Employees remuneration and welfare expenses 8804700000
(b) Administration expenses 0
(c) Advertisement and publicity 0
(b) Other operating expenses
1 Other operating expenses 6400200000
Total other operating expenses 6400200000
Total operating expenses related to insurance business 15204900000
Total Expenses of Management 32723100000
(iv) Provisions for doubtful debts (including bad debts written off) 0
(v) Provisions for diminution in value of investments -42400000
(vi) Goods & Service tax charge on linked charges 1266900000
(vii) Provision for taxes
Current Tax 402200000
Deffered Tax 0
Total provision of taxes 402200000
(viii) Benefits Paid (Net) 87207100000
(ix) Change in actuarial liability 170446000000
Total Expenses 292002900000
3 Net Surplus(Deficit) 846600000



4 Appropriations
(a) Transferred to Shareholders A/c 3675700000
(b) Funds for Future Appropriation -2829100000
5 Details of Surplus / Deficit
(a) Interim bonus paid 5040800000
(b) Allocation of bonus to policyholders 0
(c) Surplus shown in the Revenue Account 846600000
(d) Terminal bonus paid 943500000
Total Surplus (Deficit ) 6830900000



SHAREHOLDERS ' Account
1 Income
(i) Transfer from Poliycholders' Account 3675700000
(ii) Income under Shareholders' Account
(a) Investment Income 3214800000
(b) Other income
1 Other income 212300000
Total Other income 212300000
Total income under shareholders account 3427100000
Total Income 7102800000
2 Expenses
(i) Expenses other than those related to insurance business 794900000
(ii) Transfer of funds to policyholders account 693700000
(iii) Provisions for doubtful debts (including write off) 0
(iv) Provisions for diminution in value of investments -21600000
Total Expenses 1467000000
3 Profit/ (loss) before tax 5635800000
4 Provisions for tax 152300000
(i) Current tax 152300000
(ii) Deffered tax 0
5 Profit / (loss) after tax and before Extraordinary Items 5483500000
6 Extraordinary Items (Net of tax expenses) 0
7 Profit/ (loss) after tax and Extraordinary Items 5483500000
8 Dividend per share
(a) Interim Dividend 0
(b) Final Dividend 0
9 Profit/(Loss) carried to Balance Sheet 101697800000
10 Paid up equity share capital 21546900000
11 Reserve & Surplus (excluding Revaluation Reserve) 141920500000
12 Fair Value Change Account and Revaluation Reserve (Shareholders) 6964300000
13 Assets
(i) Investments:
(a) Shareholders 188914300000
(b) Policyholders Fund excluding Linked Assets 2263014700000
(c) Assets held to cover Linked Liabilities 1108326900000
Total Investments 3560255900000
(b) Other Assets (Net of current liabilities and provisions) 27160200000
Total Assets 3587416100000
14 Analytical Ratios
(i) Solvency Ratio 1.92
(ii) Expenses of Management Ratio 0.2191
(iii) Policyholder 's liabilities to shareholders' fund 198758000
(iv) Earnings per share (Rs.):
(a) Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) 2.55
(b) Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) 2.54
(v) NPA ratios: (for policyholders' fund)
(a) Gross NPAs
Non Linked
Par 92204000
Non Par 80015000
Linked
Par 0
Non Par 599049000
Net NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
% of Gross NPAs
Non Linked
Par 0.0001
Non Par 0.0001
Linked
Par 0
Non Par 0.0005
% of Net NPAs
Non Linked
Par 0
Non Par 0
Linked
Par 0
Non Par 0
(vi) Yield on Investments (on policyholders' fund)
(a) Without unrealised gains
Non Linked
Par 0.0182
Non Par 0.0232
Linked
Par 0
Non Par 0.0295
(b) With unrealised gains
Non Linked
Par 0.0402
Non Par -0.0021
Linked
Par 0
Non Par 0.0952
(vii) NPA ratios: (for shareholders' fund)
(a) Gross NPAs 134409000
Net NPAs 0
(b) Percentage of Gross NPAs 0.0007
Percentage of Net NPAs 0
(viii) Yield on Investments (on shareholders' fund)
(a) Without unrealised gains 172000
(b) With unrealised gains 360000
(ix) Persistency Ratio
1 13th Month 0.8271
2 25th Month 0.7953
3 37th Month 0.6932
4 49th Month 0.6994
5 61st Month 0.6099
(ix) Other Rations
(x) Conservation Ratio 0.8671
(xi) Percentage of shares held by Government of India (in case of public sector insurance companies) 0


Investor Compliants
(i) No of investor complaints pending at the beginning of the period 0
(ii) No of investor complaints during the period 0
(iii) No of investor complaints disposed off during the period 0
(iv) No of investor complaints remaining unresolved at the end of the period 0



(c) Notes Format for financial results by life insurance companies filed with stock exchanges
1. Net of reinsurance ceded and accepted including HDFC Re (wholly owned subsidiary) 2. Net of amortisation and losses (including capital gains) 3. Inclusive of interim and terminal bonus 4. Includes Remuneration of MD/CEOs/WTDs over specified limits and Interest on subordinated debt 5. Inclusive of provision for standard and non-standard assets 6. Represents accumulated surplus Advertisment and Publicity expenses are included in Other operating expenses



Format for financial results by life insurance companies filed with stock exchanges

Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Segment Income
1 Name of segment Segment A - Participating - Individual & Group Life :
(i) Net premium 23774700000 23774700000
(ii) Income form investments 11731600000 11731600000
(iii) Transfer of funds from shareholders' account 12100000 12100000
(iv) Other income 464800000 464800000
2 Name of segment Segment B - Participating - Individual & Group Pension :
(i) Net premium 3314000000 3314000000
(ii) Income form investments 587100000 587100000
(iii) Transfer of funds from shareholders' account 900000 900000
(iv) Other income 4500000 4500000
3 Name of segment Segment C - Non Participating - Individual & Group Life :
(i) Net premium 55956700000 55956700000
(ii) Income form investments 25478900000 25478900000
(iii) Transfer of funds from shareholders' account 16200000 16200000
(iv) Other income 256400000 256400000
4 Name of segment Segment D - Non Participating - Life Group Variable :
(i) Net premium 2137800000 2137800000
(ii) Income form investments 384800000 384800000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 100000 100000
5 Name of segment Segment E - Non Participating - Individual & Group Pension :
(i) Net premium 1090000000 1090000000
(ii) Income form investments 557100000 557100000
(iii) Transfer of funds from shareholders' account 257800000 257800000
(iv) Other income 700000 700000
6 Name of segment Segment F - Non Participating - Individual & Group Pension Variable :
(i) Net premium 3776300000 3776300000
(ii) Income form investments 497100000 497100000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 200000 200000
7 Name of segment Segment G - Non Participating - Individual & Group Annuity :
(i) Net premium 13845400000 13845400000
(ii) Income form investments 6173100000 6173100000
(iii) Transfer of funds from shareholders' account 1300000 1300000
(iv) Other income 7100000 7100000
8 Name of segment Segment H - Non Participating - Individual & Group Health :
(i) Net premium 18400000 18400000
(ii) Income form investments 6900000 6900000
(iii) Transfer of funds from shareholders' account 25000000 25000000
(iv) Other income 0 0
9 Name of segment Segment I - Unit Linked - Individual Life :
(i) Net premium 31578100000 31578100000
(ii) Income form investments 91591800000 91591800000
(iii) Transfer of funds from shareholders' account 36300000 36300000
(iv) Other income 4500000 4500000
10 Name of segment Segment J - Unit Linked - Individual Pension :
(i) Net premium 2328100000 2328100000
(ii) Income form investments 4072300000 4072300000
(iii) Transfer of funds from shareholders' account 344100000 344100000
(iv) Other income 0 0
11 Name of segment Segment K - Unit Linked - Group Life :
(i) Net premium 5698100000 5698100000
(ii) Income form investments 4215300000 4215300000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 300000 300000
12 Name of segment Segment L - Unit Linked - Group Pension :
(i) Net premium 1267800000 1267800000
(ii) Income form investments 748100000 748100000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 100000 100000
13 Name of segment Segment M - Reinsurance:
(i) Net premium 608800000 608800000
(ii) Income form investments 26800000 26800000
(iii) Transfer of funds from shareholders' account 0 0
(iv) Other income 100000 100000
14 Name of segment Shareholders
(i) Net premium 0
(ii) Income form investments 3236400000
(iii) Transfer of funds from shareholders' account 0
(iv) Other income 212300000
15 Name of segment Unallocated
(i) Net premium 0
(ii) Income form investments 0
(iii) Transfer of funds from shareholders' account 0
(iv) Other income 0



Notes to Segment Income
Textual Information 1 Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 1. Non-Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c. Variable insurance shall be further segregated into Life and Pension.


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter Year to Date Figures
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
Segment Surplus/(Deficit) (net of transfer from shareholders' A/c)
1 Segment A - Participating - Individual & Group Life : -1620200000
2 Segment B - Participating - Individual & Group Pension : -580800000
3 Segment C - Non Participating - Individual & Group Life : 2196900000
4 Segment D - Non Participating - Life Group Variable : 28100000
5 Segment E - Non Participating - Individual & Group Pension : -257200000
6 Segment F - Non Participating - Individual & Group Pension Variable : 89300000
7 Segment G - Non Participating - Individual & Group Annuity : 106800000
8 Segment H - Non Participating - Individual & Group Health : -24900000
9 Segment I - Unit Linked - Individual Life : 415900000
10 Segment J - Unit Linked - Individual Pension : -342200000
11 Segment K - Unit Linked - Group Life : 152800000
12 Segment L - Unit Linked - Group Pension : 7000000
13 Segment M - Reinsurance: 25600000
14 Shareholders 2457300000
15 Unallocated 0



Notes Segment Surplus/(Deficit)
Textual Information 1. Segments include: a. Linked Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable b. Non-Linked: 2. Participating Policies: (i) Life (ii) General Annuity and Pension (iii) Health (iv) Variable c. Variable insurance shall be further segregated into Life and Pension


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Assets
1 Segment A - Participating - Individual & Group Life : 737525400000
2 Segment B - Participating - Individual & Group Pension : 30275500000
3 Segment C - Non Participating - Individual & Group Life : 1084266700000
4 Segment D - Non Participating - Life Group Variable : 18978400000
5 Segment E - Non Participating - Individual & Group Pension : 29676300000
6 Segment F - Non Participating - Individual & Group Pension Variable : 23280700000
7 Segment G - Non Participating - Individual & Group Annuity : 341266400000
8 Segment H - Non Participating - Individual & Group Health : 221000000
9 Segment I - Unit Linked - Individual Life : 903486000000
10 Segment J - Unit Linked - Individual Pension : 57872900000
11 Segment K - Unit Linked - Group Life : 126429600000
12 Segment L - Unit Linked - Group Pension : 22496600000
13 Segment M - Reinsurance: 1872900000
14 Shareholders 201014600000
15 Unallocated 8752700000


Segment Assets Text Block
Textual Information 1. Includes income tax deposited with tax authorities which is contested by the company and Advance Tax (net of provision for taxation). As per Accounting Standard 17 - Segment Reporting, income tax asset and liabilities cannot be allocated across reporting segments.


Format for financial results by life insurance companies filed with stock exchanges
Partiuclars Current Quarter
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Segment Liabilities
1 Segment A - Participating - Individual & Group Life : 681328500000
2 Segment B - Participating - Individual & Group Pension : 27625100000
3 Segment C - Non Participating - Individual & Group Life : 1070689600000
4 Segment D - Non Participating - Life Group Variable : 19240300000
5 Segment E - Non Participating - Individual & Group Pension : 27818800000
6 Segment F - Non Participating - Individual & Group Pension Variable : 23152400000
7 Segment G - Non Participating - Individual & Group Annuity : 339354200000
8 Segment H - Non Participating - Individual & Group Health : 265600000
9 Segment I - Unit Linked - Individual Life : 907603100000
10 Segment J - Unit Linked - Individual Pension : 57872600000
11 Segment K - Unit Linked - Group Life : 126525300000
12 Segment L - Unit Linked - Group Pension : 22496400000
13 Segment M - Reinsurance: 1710100000
14 Shareholders 199932600000
15 Unallocated 0


Notes to Segment Liabilities
Textual Information 1. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.