HDFCLIFE

HDFC Life Insurance Company Limited

Private life insurer — individual and group protection, savings and unit-linked plans

Financial Services›Financial Services›Insurance›Life Insurance

hdfclife.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹553.00
Market cap
1,19,687 Cr
Stock P/E
58.5
P/B
6.24
Dividend yield
0.4%
ROE (FY26)
11.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

HDFC Life sells life insurance to individuals and groups in India, covering protection, savings, unit-linked (ULIP) and annuity plans, and its share of the retail private market was 16.3% in Q1 FY27 (quarter to June 2026).

Company snapshot

3rdBy market cap

Ranked among 6 companies in Life Insurance.

What we see

Positives
  • ✓Cash flow from operations is higher than reported profit — earnings quality looks solid.
Concerns
  • ✗Net margin is very thin at 2.5% — little room for error if costs rise.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Insurance layout · ₹ Cr · quarterly

MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Premium23,843 Cr14,539 Cr18,871 Cr18,351 Cr25,998 Cr16,728 Cr21,856 Cr
Expenses23,799 Cr29,200 Cr20,592 Cr29,171 Cr19,457 Cr33,224 Cr23,936 Cr
Operating profit44 Cr-14,661 Cr-1,721 Cr-10,819 Cr6,541 Cr-16,497 Cr-2,080 Cr
Investment income19 Cr14,602 Cr1,417 Cr10,656 Cr-6,488 Cr16,685 Cr2,171 Cr
Other income598 Cr710 Cr603 Cr584 Cr889 Cr761 Cr734 Cr
Profit before tax486 Cr564 Cr468 Cr441 Cr490 Cr630 Cr541 Cr
Tax %2.2%2.7%4.2%5.2%-1.6%3.0%3.5%
Net profit475 Cr548 Cr448 Cr418 Cr497 Cr611 Cr522 Cr
EPS (₹)₹2.21₹2.55₹2.08₹1.94₹2.31₹2.83₹2.41

Profit & loss (annual)

Annual insurance P&L · TTM where available · ₹ Cr

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Premium19,275 Cr23,371 Cr28,931 Cr32,245 Cr38,194 Cr46,801 Cr56,879 Cr62,112 Cr69,837 Cr77,760 CrSign in free for the trailing twelve months
Expenses————————95,131 Cr98,421 CrSign in free for the trailing twelve months
Operating profit————————-25,294 Cr-20,660 CrSign in free for the trailing twelve months
Investment income————————25,955 Cr20,188 CrSign in free for the trailing twelve months
Other income————————2,208 Cr2,786 CrSign in free for the trailing twelve months
Profit before tax909 Cr1,125 Cr1,291 Cr1,314 Cr1,354 Cr1,303 Cr1,282 Cr1,570 Cr1,878 Cr1,962 CrSign in free for the trailing twelve months
Tax %2.4%1.6%1.0%1.3%-0.5%-1.9%-6.7%-0.3%3.6%2.5%Sign in free for the trailing twelve months
Net profit887 Cr1,107 Cr1,278 Cr1,297 Cr1,361 Cr1,327 Cr1,368 Cr1,574 Cr1,811 Cr1,912 CrSign in free for the trailing twelve months
EPS (₹)₹4.44₹5.52₹6.34₹6.43₹6.74₹6.49₹6.41₹7.32₹8.41₹8.87Sign in free for the trailing twelve months
Dividend payout %————————23.8%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital1,998 Cr2,012 Cr2,017 Cr2,019 Cr2,021 Cr2,113 Cr2,149 Cr2,151 Cr2,153 Cr2,158 Cr
Reserves1,828 Cr2,724 Cr3,625 Cr4,788 Cr6,619 Cr13,501 Cr10,844 Cr12,515 Cr13,555 Cr15,302 Cr
Borrowings————600 Cr600 Cr950 Cr950 Cr2,950 Cr3,099 Cr
Other liabilities87,448 Cr1,01,097 Cr1,19,254 Cr1,20,427 Cr1,63,881 Cr2,07,573 Cr2,25,758 Cr2,78,228 Cr3,30,754 Cr3,69,944 Cr
Total liabilities91,274 Cr1,05,832 Cr1,24,897 Cr1,27,234 Cr1,73,121 Cr2,23,787 Cr2,39,701 Cr2,93,845 Cr3,49,412 Cr3,90,502 Cr
Fixed assets (net)————————609 Cr746 Cr
CWIP——————————
Investments————————3,36,399 Cr3,75,448 Cr
Loans & advances————————2,378 Cr2,827 Cr
Cash & bank797 Cr1,110 Cr1,244 Cr691 Cr1,099 Cr1,375 Cr1,169 Cr1,559 Cr1,821 Cr1,990 Cr
Other assets90,477 Cr1,04,722 Cr1,23,653 Cr1,26,543 Cr1,72,022 Cr2,22,412 Cr2,38,532 Cr2,92,286 Cr8,205 Cr9,490 Cr
Total assets91,274 Cr1,05,832 Cr1,24,897 Cr1,27,234 Cr1,73,121 Cr2,23,787 Cr2,39,701 Cr2,93,845 Cr3,49,412 Cr3,90,502 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity6,230 Cr6,739 Cr9,868 Cr7,378 Cr9,703 Cr5,943 Cr6,883 Cr10,721 Cr15,597 Cr22,625 Cr
Cash from investing-5,175 Cr-4,421 Cr-10,182 Cr-7,807 Cr-8,946 Cr-1,586 Cr-10,087 Cr-13,617 Cr-13,638 Cr-23,871 Cr
Cash from financing-236 Cr-196 Cr-337 Cr38 Cr678 Cr-238 Cr1,985 Cr-403 Cr1,607 Cr-275 Cr
Net cash flow817 Cr2,122 Cr-651 Cr-373 Cr1,429 Cr4,125 Cr-1,203 Cr-3,296 Cr3,572 Cr-1,499 Cr
Free cash flow (OCF − Capex)6,182 Cr6,705 Cr9,823 Cr7,340 Cr9,642 Cr5,886 Cr6,796 Cr10,585 Cr15,296 Cr22,338 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——————————
ROE %23.2%23.4%22.6%19.1%15.8%8.5%10.5%10.7%11.5%11.0%
Debtor days——————————
Inventory days——————————
Days payable——————————
Cash conversion cycle——————————
Debt / equity————0.070.040.070.060.190.18
Current ratio————————1.051.05
Net debt / EBITDA——————————

Regulatory ratios (as filed, standalone basis)

IRDAI ratios as filed with results. Key metrics may show the investor-deck figure, which can differ.

MetricMar 2025Mar 2026
Solvency ratio194.0%177.0%
Expenses of management ratio19.8%21.2%
Conservation ratio84.6%85.5%
Persistency (13th month)86.9%84.9%
Persistency (25th month)78.1%77.1%
Persistency (37th month)73.6%72.6%
Persistency (49th month)70.2%70.9%
Persistency (61st month)63.5%64.4%