 "HDFC bank")
HDFC Life declared results that were slightly better than the consensus, but in line with most expectations. It reported 17 per cent YoY growth in Annualised Premium Equivalent (APE) in FY22 to Rs 9,760 crore and 22 per cent YoY growth in Value of New Business (VNB) to Rs 2,680 crore (standalone).
Net premium is Rs 45,396 crore for the FY2021-22, versus Rs 38,122 crore (2020-21). Income from investments was Rs 19,215 crore versus Rs 32,677 crore in 2020-21. The VNB margin for FY2021-22 stood at 27.4 per cent (130 bps rise YoY) versus 26.5 per cent for the first three
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