Canara HSBC Life Insurance Company Ltd
Canara HSBC Life Insurance H1 FY27: VNB up 24% to ₹266 crore, PAT at ₹71.2 crore
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 09 Oct 2026, 05:17 PM IST · BSE ID: 621e96e3-25b1-474c-8218-105973799ad2
View Original BSE Filing (PDF)
💡
In Simple Terms
Canara HSBC Life Insurance reported its half-year financial results, showing increased business value and profit.
🤖 AI Summary
- Value of New Business (VNB) for H1 FY27 rose 24% year-on-year to ₹266 crore.
- Profit After Tax (PAT) for H1 FY27 increased 10.8% year-on-year to ₹71.2 crore.
- Individual Weighted Premium Income (WPI) grew 14.5% YoY to ₹1,117 crore in H1 FY27.
- Assets Under Management (AUM) reached ₹50,200 crore as of September 30, 2026, marking 14% YoY growth.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Individual WPI
₹1,117 crore
14.5%
Total APE
₹1,250 crore
14.4%
New Business Premium (Individual + Group)
₹1,984 crore
16.1%
Renewal Premium (Individual + Group)
₹2,758 crore
18.2%
Total Premium
₹4,742 crore
17.3%
Assets Under Management (AUM)
₹50,200 crore
13.9%
Profit After Tax (PAT)
₹71.2 crore
10.8%
Value of New Business (VNB)
₹266 crore
24.0%
Expense Ratio (Total Expenses / Total Premium)
20.5%
13-Month Persistency
85.6%
61-Month Persistency
54.6%
Embedded Value (EV)
₹7,622 crore
🏢 How This Affects the Company
The company's protection business grew 44% year-on-year, increasing its share to 10.5% of total APE, indicating diversification towards higher-margin products. The launch of Promise2Secure expands its protection offerings, aiming for customer penetration.
The increase in VNB by 24% to ₹266 crore and a VNB margin of 21.3% indicates improved profitability from new policies. Total Premium Income grew 17.3% to ₹4,742 crore, contributing to revenue growth.
The recognition as one of India's Best Workplaces for Women 2026 reflects continued commitment to an inclusive workplace, which can support talent retention and productivity.
The Solvency Ratio decreased from 198% in H1 FY26 to 180% in H1 FY27. While above the regulatory minimum, this indicates a reduction in capital buffer relative to required solvency margin.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, specifically the 10.8% increase in Profit After Tax to ₹71.2 crore for H1 FY27, which impacts underlying value.
🔍
Management Signal
Management's statement emphasizes focus on disciplined execution, profitable growth, and building a balanced, diversified portfolio, aligning with H1 FY27 results.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 unaudited financial results — observe VNB and PAT growth trends.
Regulatory updates from IRDAI — assess impact on solvency and business operations.
Next dividend declaration — note any changes in dividend policy.
MEDIUM RISK
A decline in Solvency Ratio and an increase in Expense Ratio indicate potential areas for monitoring future financial health.
💡 Investor Takeaway
Canara HSBC Life Insurance reported H1 FY27 unaudited results, with VNB increasing 24% year-on-year to ₹266 crore and PAT up 10.8% to ₹71.2 crore. Total APE grew 14.4% to ₹1,250 crore. Embedded Value stood at ₹7,622 crore with an operating RoEV of 19.8%.
⚖️ Strengths & Concerns
✅ Positives
- Value of New Business (VNB) demonstrated strong growth, increasing 24% year-on-year to ₹266 crore in H1 FY27.
- Protection business grew by 44% year-on-year, reaching ₹131 crore in Protection APE and accounting for 10.5% of total APE.
⚠️ Concerns
- The Solvency Ratio decreased from 198% in H1 FY26 to 180% in H1 FY27, indicating a reduced capital buffer.
- Expense Ratio increased to 20.5% in H1 FY27 from 19.0% in H1 FY26, suggesting higher operational costs relative to premium income.
📅 Company Track Record
Canara HSBC Life Insurance's H1 FY27 VNB increased 24% to ₹266 crore, following a 41% VNB surge to ₹6,273 Million in FY26. FY26 audited results also showed Individual WPI of ₹2,593 Crore (19% growth) and Total Premium of ₹10,046 Crore (25% growth).
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Canara HSBC Life Insurance's Value of New Business (VNB) for H1 FY27?
Canara HSBC Life Insurance's Value of New Business (VNB) for H1 FY27 was ₹266 crore, representing a 24% year-on-year growth.
What was Canara HSBC Life Insurance's Profit After Tax (PAT) for H1 FY27?
Canara HSBC Life Insurance's Profit After Tax (PAT) for H1 FY27 was ₹71.2 crore, showing a 10.8% year-on-year growth.
What was the Solvency Ratio of Canara HSBC Life Insurance as of September 30, 2026?
The Solvency Ratio of Canara HSBC Life Insurance as of September 30, 2026, was 180%, compared to 198% in H1 FY26.
What was the Assets Under Management (AUM) for Canara HSBC Life Insurance as of September 30, 2026?
Canara HSBC Life Insurance's Assets Under Management (AUM) stood at ₹50,200 crore as of September 30, 2026, a 14% year-on-year increase.
How much did Canara HSBC Life Insurance's Total Premium Income grow in H1 FY27?
Canara HSBC Life Insurance's Total Premium Income grew by 17.3% year-on-year to ₹4,742 crore in H1 FY27.
Questions based on this BSE filing only. For information purposes.