Nippon Life Insurance

IndusInd Nippon Life Insurance on Monday reported 15.12 per cent rise in profit after tax at Rs 248 crore for financial year 2025-26, on the back of high growth in new business premium. A year ago, the company had reported a net profit of Rs 215.43 crore. New business premium of the company increased 18.5 per cent year-on-year to Rs 1,475 crore in FY26. The total premium grew 5.95 per cent to Rs 6,051 crore. During the fiscal year, the assets under management (AUM) of the company surged 3.85 per cent year-on-year to Rs 40,214 crore, a statement said. "The strong growth in new business premium, along with improved profitability, is a testament to the trust our customers place in us and the commitment of our teams on the ground," Ashish Vohra, executive director and chief executive officer of IndusInd Nippon Life Insurance said. The claims settlement ratio of the insurer stood at 98.98 per cent in FY26. However, solvency ratio declined to 218 per cent, from 235 per cent. Additional

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Antique Broking expects Nippon Life to sustain industry-leading average AUM growth and deliver healthy earnings compounding

Sundeep Sikka has been elected chairman and Vishal Kapoor as vice-chairman of AMFI. They will focus on expanding mutual fund reach, enhancing investor trust, and boosting financial inclusion

Its average AUM in the quarter ending March 2025 stood at Rs 5.6 trillion compared to Rs 4.3 trillion in the quarter ending March 2024

Invesco Mutual Fund on Thursday announced the launch of Invesco India Business Cycle Fund, a scheme that will invest in equities with a focus on riding business cycles through dynamic allocation

Nippon Life will purchase the shares it does not already own in Resolution Life from Blackstone and others to make it a wholly owned subsidiary in the second half of 2025

Sebi allows AMCs to pay expenses of very small value but high volume out of the AMC's books up to a maximum of 2 basis points of the respective scheme's assets under management

J.P. Morgan Securities advised AIG on the deal, which is expected to close by the first quarter of 2025

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

The race for acquisition of Reliance Capital's 51 per cent stake in Reliance Nippon Life Insurance Co (RNLIC) is intensifying, with the top brass of the Japanese partner in the joint venture likely to visit India this week to flag its concerns with the ongoing resolution process under insolvency laws, sources said. Japan's Nippon Life, which holds 49 per cent stake in RNLIC, is opposed to the entry of Aditya Birla Sun Life in the race to acquire Reliance Capital's stake in RNLIC. Sources with knowledge of the matter said Nippon Life's Global President Hiroshi Shimizu along with Minoru Kimura, managing executive officer and head of global business, Nippon Life Insurance, and Tomohiro Yao, regional CEO, Nippon Life Asia Pacific and Director, RNLIC, are likely to visit Mumbai on Monday. Shimizu and his team may meet senior officials of the Reserve Bank of India (RBI) and other stakeholders, and apprise them of their position with regard to their investment in RNLIC and their long-term

Piramal, Zurich Insurance may bid separately for Reliance General Insurance

Sources say Nippon Life of Japan not keen on diluting its holding in Reliance Nippon Life Insurance Company to less than 10%--something that the merger will bring about

The talks were initiated after a court-appointed administrator of Reliance Capital put the 51% stake in Reliance Nippon Life on sale

CoC decides that all bidders, while submitting their resolution plans, will agree in writing to participate in the Challenge Mechanism in whatever form it is implemented by the lenders later

Reliance Capital holds 51 per cent stake in RNLIC and Nippon Life of Japan the rest

The fund's month-end assets under management (AUM) increased to Rs 4,205 crore in February 2022 from Rs 3,255 crore in March 2019.

Reliance Capital, the RNLAM's holding firm, has received Rs 378 cr upon acquisition completion