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	01-04-2025
Date of end of financial year	31-03-2026
Date of board meeting when results were approved	15-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	31-12-2025
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	Third quarter
Nature of report standalone or consolidated	Standalone
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	Unaudited
Start date and time of board meeting	15-01-2026 13:15:00
End date and time of board meeting	15-01-2026 15:40:00
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
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

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

Amount in (Lakhs)

Partiuclars		Current Quarter	Year to Date Figures
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Policyholders' Accounts
1	Income
(i)	Gross premium income
(a)	First Year Premium	3,32,449.00	9,45,415.00
(b)	Renewal Premium	10,47,452.00	28,41,459.00
(c)	Single Premium	5,00,436.00	15,09,622.00
	Gross premium income	18,80,337.00	52,96,496.00
(ii)	Net premium income	18,24,239.00	51,48,579.00
(iii)	Income from investments (Net)	10,65,074.00	26,65,578.00
(iv)	Other income
1	Other income	9,092.00	24,425.00
	Total other income	9,092.00	24,425.00
(v)	Transfer Of Funds From Shareholders Account	5,394.00	16,896.00
(vi)	Total Income	29,03,799.00	78,55,478.00
2	Expenses
(i)	Commission on
(a)	First Year Premium	1,14,514.00	3,87,793.00
(b)	Renewal Premium	17,591.00	46,057.00
(c)	Single Premium	95,065.00	2,00,327.00
	Total Commission	2,27,170.00	6,34,177.00
(ii)	Net Commission	2,27,170.00	6,34,177.00
(iii)	Operating Expenses related to insurance business
(a)	Employees remuneration and welfare expenses	1,10,472.00	2,96,528.00
(b)	Administration expenses	0.00	0.00
(c)	Advertisement and publicity	0.00	0.00
(b)	Other operating expenses
1	Other operating expenses	1,15,626.00	2,58,555.00
	Total other operating expenses	1,15,626.00	2,58,555.00
	Total operating expenses related to insurance business	2,26,098.00	5,55,083.00
	Total Expenses of Management	4,53,268.00	11,89,260.00
(iv)	Provisions for doubtful debts (including bad debts written off)	0.00	0.00
(v)	Provisions for diminution in value of investments	463.00	(4,560.00)
(vi)	Goods & Service tax charge on linked charges	745.00	25,528.00
(vii)	Provision for taxes
	Current Tax	419.00	4,785.00
	Deffered Tax	0.00	0.00
	Total provision of taxes	419.00	4,785.00
(viii)	Benefits Paid (Net)	9,16,377.00	27,17,247.00
(ix)	Change in actuarial liability	15,33,753.00	39,33,322.00
	Total Expenses	29,05,025.00	78,65,582.00
3	Net Surplus(Deficit)	(1,226.00)	(10,104.00)

4	Appropriations
(a)	Transferred to Shareholders A/c	14,090.00	72,246.00
(b)	Funds for Future Appropriation	(15,316.00)	(82,350.00)
5	Details of Surplus / Deficit
(a)	Interim bonus paid	79,097.00	2,01,236.00
(b)	Allocation of bonus to policyholders	0.00	0.00
(c)	Surplus shown in the Revenue Account	(1,226.00)	(10,104.00)
(d)	Terminal bonus paid	17,538.00	40,958.00
	Total Surplus (Deficit )	95,409.00	2,32,090.00

SHAREHOLDERS ' Account

Amount in (Lakhs)

1	Income
(i)	Transfer from Poliycholders' Account	14,090.00	72,246.00
(ii)	Income under Shareholders' Account
(a)	Investment Income	41,868.00	1,09,977.00
(b)	Other income
1	Other income	8.00	12.00
	Total Other income	8.00	12.00
	Total income under shareholders account	41,876.00	1,09,989.00
	Total Income	55,966.00	1,82,235.00
2	Expenses
(i)	Expenses other than those related to insurance business	6,082.00	18,612.00
(ii)	Transfer of funds to policyholders account	5,394.00	16,896.00
(iii)	Provisions for doubtful debts (including write off)	0.00	0.00
(iv)	Provisions for diminution in value of investments	213.00	(156.00)
	Total Expenses	11,689.00	35,352.00
3	Profit/ (loss) before tax	44,277.00	1,46,883.00
4	Provisions for tax	2,204.00	5,449.00
(i)	Current tax	2,204.00	5,449.00
(ii)	Deffered tax	0.00	0.00
5	Profit / (loss) after tax and before Extraordinary Items	42,073.00	1,41,434.00
6	Extraordinary Items (Net of tax expenses)	0.00	0.00
7	Profit/ (loss) after tax and Extraordinary Items	42,073.00	1,41,434.00
8	Dividend per share
(a)	Interim Dividend	0.00	0.00
(b)	Final Dividend	0.00	0.00

9	Profit/(Loss) carried to Balance Sheet	10,59,233.00	10,59,233.00
10	Paid up equity share capital	2,15,762.00
11	Reserve & Surplus (excluding Revaluation Reserve)	14,73,133.00	14,73,133.00
12	Fair Value Change Account and Revaluation Reserve (Shareholders)	67,120.00
13	Assets
(i)	Investments:
(a)	Shareholders	20,07,672.00
(b)	Policyholders Fund excluding Linked Assets	2,43,96,629.00
(c)	Assets held to cover Linked Liabilities	1,13,60,900.00
	Total Investments	3,77,65,201.00
(b)	Other Assets (Net of current liabilities and provisions)	2,62,240.00
	Total Assets	3,80,27,441.00
14	Analytical Ratios
(i)	Solvency Ratio	180.0	180.0
(ii)	Expenses of Management Ratio	24.100	22.500
(iii)	Policyholder 's liabilities to shareholders' fund	2,047.90	2,047.90
(iv)	Earnings per share (Rs.):
(a)	Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized)	1.95	6.56
(b)	Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized)	1.95	6.55
(v)	NPA ratios: (for policyholders' fund)
(a)	Gross NPAs
	Non Linked
	Par	922.04	922.04
	Non Par	800.15	800.15
	Linked
	Par	0.00	0.00
	Non Par	5,990.49	5,990.49
	Net NPAs
	Non Linked
	Par	0.00	0.00
	Non Par	0.00	0.00
	Linked
	Par	0.00	0.00
	Non Par	0.00	0.00
	% of Gross NPAs
	Non Linked
	Par	0.0100	0.0100
	Non Par	0	0
	Linked
	Par	0	0
	Non Par	0.0500	0.0500
	% of Net NPAs
	Non Linked
	Par	0	0
	Non Par	0	0
	Linked
	Par	0	0
	Non Par	0	0

(vi)	Yield on Investments (on policyholders' fund)
(a)	Without unrealised gains
	Non Linked
	Par	2.2700	6.3800
	Non Par	2.2800	7.0900
	Linked
	Par	0	0
	Non Par	2.3400	8.4700
(b)	With unrealised gains
	Non Linked
	Par	3.0900	6.500
	Non Par	0.5900	-0.4600
	Linked
	Par	0	0
	Non Par	4.6700	10.5200
(vii)	NPA ratios: (for shareholders' fund)
(a)	Gross NPAs	1,344.09	1,344.09
	Net NPAs	0.00	0.00
(b)	Percentage of Gross NPAs	0.0700	0.0700
	Percentage of Net NPAs	0	0
(viii)	Yield on Investments (on shareholders' fund)
(a)	Without unrealised gains	2.23	6.03
(b)	With unrealised gains	2.75	6.98
(ix)	Persistency Ratio
1	13th Month	79.500	84.900
2	25th Month	72.900	78.00
3	37th Month	70.200	71.900
4	49th Month	69.100	71.200
5	61st Month	62.400	63.300
(ix)	Other Rations
(x)	Conservation Ratio	84.8500	85.600
(xi)	Percentage of shares held by Government of India (in case of public sector insurance companies)	0	0

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

(c)	Notes Format for financial results by life insurance companies filed with stock exchanges
Notes pertaining to Statement of Standalone Reviewed Results for quarter & nine months ended December 31, 2025: 1. Net premium income is net of reinsurance. 2. Income from investments (Net) is net of amortisation and losses (including capital gains). 3. Net Commission is net of reinsurance. 4. Benefits Paid (Net) is net of reinsurance and inclusive of interim and terminal bonus. 5. Expenses other than those related to insurance business includes interest on Non convertible debentures. 6. Provisions for diminution in value of investments is inclusive of provision for standard and non-standard assets. 7. Profit carried to Balance Sheet represents accumulated surplus. 8. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosure. 9. Advertisement and publicity expenses have been included in other operating expenses for the the current period. 10. Profit after tax comprises: Underwriting profits Q3 (a) Existing business surplus (i) 1,64,621 (b) New business strain (ii) (1,55,665) Shareholders' surplus (iii) 33,117 9M (a) Existing business surplus (i) 4,78,689 (b) New business strain (ii) (4,22,418) Shareholders' surplus (iii) 85,163 (i) Represents profit emerging during current period from business written in prior years (ii) Insurance contracts being long term in nature revenue is recognised over the period of the contract as against costs being recognised in the period in which they are incurred, leading to New business strain. (iii) Represents investment and other income arising on shareholders' funds, net of expenses and taxes

(c)

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

Notes pertaining to Statement of Standalone Reviewed Results for quarter & nine months ended December 31, 2025: 1. Net premium income is net of reinsurance. 2. Income from investments (Net) is net of amortisation and losses (including capital gains). 3. Net Commission is net of reinsurance. 4. Benefits Paid (Net) is net of reinsurance and inclusive of interim and terminal bonus. 5. Expenses other than those related to insurance business includes interest on Non convertible debentures. 6. Provisions for diminution in value of investments is inclusive of provision for standard and non-standard assets. 7. Profit carried to Balance Sheet represents accumulated surplus. 8. Analytical ratios have been calculated as per definition given in IRDAI Analytical ratios disclosure. 9. Advertisement and publicity expenses have been included in other operating expenses for the the current period. 10. Profit after tax comprises: Underwriting profits Q3 (a) Existing business surplus (i) 1,64,621 (b) New business strain (ii) (1,55,665) Shareholders' surplus (iii) 33,117 9M (a) Existing business surplus (i) 4,78,689 (b) New business strain (ii) (4,22,418) Shareholders' surplus (iii) 85,163 (i) Represents profit emerging during current period from business written in prior years (ii) Insurance contracts being long term in nature revenue is recognised over the period of the contract as against costs being recognised in the period in which they are incurred, leading to New business strain. (iii) Represents investment and other income arising on shareholders' funds, net of expenses and taxes

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

Amount in (Lakhs)

Partiuclars		Current Quarter	Year to Date Figures
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Segment Income
1	Name of segment	Segment A - Participating - Individual & Group Life
(i)	Net premium	3,78,560.00	9,83,120.00
(ii)	Income form investments	1,58,870.00	4,24,845.00
(iii)	Transfer of funds from shareholders' account	23.00	214.00
(iv)	Other income	5,503.00	15,108.00
2	Name of segment	Segment B - Participating - Individual & Group Pension
(i)	Net premium	13,142.00	74,231.00
(ii)	Income form investments	4,453.00	15,547.00
(iii)	Transfer of funds from shareholders' account	6.00	36.00
(iv)	Other income	81.00	173.00
3	Name of segment	Segment C - Non Participating - Individual & Group Life
(i)	Net premium	6,98,460.00	19,61,218.00
(ii)	Income form investments	2,80,336.00	8,07,780.00
(iii)	Transfer of funds from shareholders' account	153.00	402.00
(iv)	Other income	3,353.00	8,687.00
4	Name of segment	Segment D - Non Participating - Life Group Variable
(i)	Net premium	21,262.00	60,924.00
(ii)	Income form investments	4,150.00	12,454.00
(iii)	Transfer of funds from shareholders' account	1.00	1.00
(iv)	Other income	1.00	2.00
5	Name of segment	Segment E - Non Participating - Individual & Group Pension
(i)	Net premium	9,015.00	36,909.00
(ii)	Income form investments	5,444.00	16,437.00
(iii)	Transfer of funds from shareholders' account	3,921.00	6,421.00
(iv)	Other income	7.00	25.00
6	Name of segment	Segment F - Non Participating - Individual & Group Pension Variable
(i)	Net premium	7,552.00	52,296.00
(ii)	Income form investments	3,297.00	12,235.00
(iii)	Transfer of funds from shareholders' account	1.00	1.00
(iv)	Other income	(1.00)	1.00
7	Name of segment	Segment G - Non Participating - Individual & Group Annuity
(i)	Net premium	1,29,167.00	4,19,078.00
(ii)	Income form investments	66,260.00	1,91,779.00
(iii)	Transfer of funds from shareholders' account	6.00	28.00
(iv)	Other income	65.00	194.00
8	Name of segment	Segment H - Non Participating - Individual & Group Health
(i)	Net premium	1,049.00	1,944.00
(ii)	Income form investments	53.00	190.00
(iii)	Transfer of funds from shareholders' account	(101.00)	262.00
(iv)	Other income	0.00	1.00
9	Name of segment	Segment I - Unit Linked - Individual Life
(i)	Net premium	4,52,392.00	12,02,382.00
(ii)	Income form investments	4,74,613.00	10,48,210.00
(iii)	Transfer of funds from shareholders' account	60.00	203.00
(iv)	Other income	84.00	225.00
10	Name of segment	Segment J - Unit Linked - Individual Pension
(i)	Net premium	24,408.00	79,193.00
(ii)	Income form investments	30,593.00	59,325.00
(iii)	Transfer of funds from shareholders' account	1,320.00	9,324.00
(iv)	Other income	(2.00)	1.00
11	Name of segment	Segment K - Unit Linked - Group Life
(i)	Net premium	84,505.00	2,52,503.00
(ii)	Income form investments	31,121.00	69,421.00
(iii)	Transfer of funds from shareholders' account	4.00	4.00
(iv)	Other income	1.00	7.00
12	Name of segment	Segment L - Unit Linked - Group Pension
(i)	Net premium	4,727.00	24,781.00
(ii)	Income form investments	5,436.00	12,055.00
(iii)	Transfer of funds from shareholders' account	0.00	0.00
(iv)	Other income	0.00	1.00
13	Name of segment	Shareholders
(i)	Net premium	0.00	0.00
(ii)	Income form investments	41,655.00	1,10,133.00
(iii)	Transfer of funds from shareholders' account	0.00	0.00
(iv)	Other income	8.00	12.00
14	Name of segment	Unallocated
(i)	Net premium	0.00	0.00
(ii)	Income form investments	0.00	0.00
(iii)	Transfer of funds from shareholders' account	0.00	0.00
(iv)	Other income	0.00	0.00

Notes to Segment Income
Textual Information	Notes pertaining to Segment Reporting (Standalone) for the quarter & nine months ended December 31, 2025: 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. 2. Income from Investments is net of provisions for diminution in value of investment.

Notes to Segment Income

Textual Information

Notes pertaining to Segment Reporting (Standalone) for the quarter & nine months ended December 31, 2025: 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. 2. Income from Investments is net of provisions for diminution in value of investment.

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

Amount in (Lakhs)

Partiuclars		Current Quarter	Year to Date Figures
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
Segment Surplus/(Deficit) (net of transfer from shareholders' A/c)
1	Segment A - Participating - Individual & Group Life	9,472.00	(25,857.00)
2	Segment B - Participating - Individual & Group Pension	(14,164.00)	(30,282.00)
3	Segment C - Non Participating - Individual & Group Life	326.00	24,944.00
4	Segment D - Non Participating - Life Group Variable	6.00	460.00
5	Segment E - Non Participating - Individual & Group Pension	(3,919.00)	(6,409.00)
6	Segment F - Non Participating - Individual & Group Pension Variable	43.00	1,173.00
7	Segment G - Non Participating - Individual & Group Annuity	3,477.00	8,603.00
8	Segment H - Non Participating - Individual & Group Health	101.00	(261.00)
9	Segment I - Unit Linked - Individual Life	(178.00)	7,878.00
10	Segment J - Unit Linked - Individual Pension	(1,307.00)	(9,281.00)
11	Segment K - Unit Linked - Group Life	(446.00)	2,315.00
12	Segment L - Unit Linked - Group Pension	229.00	638.00
13	Shareholders	33,117.00	85,163.00
14	Unallocated	0.00	0.00

Notes Segment Surplus/(Deficit)
Textual Information	Notes pertaining to Segment Reporting (Standalone) for the quarter & nine months ended December 31, 2025: 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.

Notes Segment Surplus/(Deficit)

Textual Information

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

Amount in (Lakhs)

Partiuclars		Current Quarter
Date of start of reporting period		01-10-2025
Date of end of reporting period		31-12-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
Segment Assets
1	Segment A - Participating - Individual & Group Life	78,66,402.00
2	Segment B - Participating - Individual & Group Pension	2,98,695.00
3	Segment C - Non Participating - Individual & Group Life	1,19,38,303.00
4	Segment D - Non Participating - Life Group Variable	1,91,476.00
5	Segment E - Non Participating - Individual & Group Pension	3,00,747.00
6	Segment F - Non Participating - Individual & Group Pension Variable	1,86,385.00
7	Segment G - Non Participating - Individual & Group Annuity	36,81,803.00
8	Segment H - Non Participating - Individual & Group Health	2,365.00
9	Segment I - Unit Linked - Individual Life	91,24,493.00
10	Segment J - Unit Linked - Individual Pension	5,92,722.00
11	Segment K - Unit Linked - Group Life	14,37,862.00
12	Segment L - Unit Linked - Group Pension	2,32,474.00

13	Shareholders	20,76,845.00
14	Unallocated	96,870.00

Segment Assets Text Block
Textual Information	Notes pertaining to Segment Reporting (Standalone) for the quarter & nine months December 31, 2025: 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. 2. 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

Amount in (Lakhs)

Segment Liabilities
Partiuclars		Current Quarter
Date of start of reporting period		01-10-2025
Date of end of reporting period		31-12-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
1	Segment A - Participating - Individual & Group Life	73,19,536.00
2	Segment B - Participating - Individual & Group Pension	2,68,449.00
3	Segment C - Non Participating - Individual & Group Life	1,18,72,623.00
4	Segment D - Non Participating - Life Group Variable	1,94,188.00
5	Segment E - Non Participating - Individual & Group Pension	2,82,091.00
6	Segment F - Non Participating - Individual & Group Pension Variable	1,84,996.00
7	Segment G - Non Participating - Individual & Group Annuity	36,60,853.00
8	Segment H - Non Participating - Individual & Group Health	2,810.00
9	Segment I - Unit Linked - Individual Life	91,67,183.00
10	Segment J - Unit Linked - Individual Pension	5,92,722.00
11	Segment K - Unit Linked - Group Life	14,39,406.00
12	Segment L - Unit Linked - Group Pension	2,32,474.00

13	Shareholders	20,65,915.00
14	Unallocated	0.00

Notes to Segment Liabilities
Textual Information	Notes pertaining to Segment Reporting (Standalone) for the quarter and nine months ended December 31, 2025: 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. 2. Segment policy liabilities includes fund for future appropriations and excludes Credit / (Debit) Fair Value Change Account on Policyholders' funds.