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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance FY26: 19% WPI growth, VNB up 41%, PAT ₹127 Crore

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 28 Apr 2026, 06:43 PM IST  ·  BSE ID: f8206197-80fd-4b84-b83f-ed3687385f4e
View Original BSE Filing (PDF)
💡
In Simple Terms
Canara HSBC Life Insurance reported full-year results showing premium and profit growth, with new business value jumping 41% and claims settled at near-perfect 99.6% rate.
🤖 AI Summary
  • Individual WPI ₹2,593 Crore, 19% YoY growth; outperformed top 10 life insurers on growth rate
  • Total Premium Income ₹10,046 Crore, 25% YoY growth; Total APE ₹2,799 Crore, 20% YoY growth
  • Value of New Business ₹627 Crore, 41% YoY growth; VNB Margin 22.4%, improved from 19.1% prior year
  • Profit After Tax ₹127 Crore, 8% YoY growth; AUM ₹46,118 Crore, 12% YoY growth; Solvency Ratio 190%
  • Protection business 115% YoY growth; claims settlement ratio 99.6%; 13-month persistency 86.3%; advanced to 9th rank among private insurers
🔢 Key Numbers — exact figures from BSE filing, not rounded
Individual Weighted Premium Income (WPI)
₹2,593 Crore
19%
Total Premium Income
₹10,046 Crore
25%
Value of New Business (VNB)
₹627 Crore
41%
VNB Margin
22.4%
3.3 percentage points
Total APE
₹2,799 Crore
20%
Profit After Tax (PAT)
₹127 Crore
8%
Assets Under Management (AUM)
₹46,118 Crore
12%
Embedded Value (EV)
₹7,233 Crore
Operating Return on EV (RoEV)
20.7%
Solvency Ratio
190%
13-Month Persistency Ratio
86.3%
1.9 percentage points
61-Month Persistency Ratio
55.4%
0.3 percentage points
Claims Settlement Ratio
99.6%
Number of Policies (NOPs)
2,08,222
7%
Protection Business Growth
115%
115%
Expense Ratio
18.7%
0 percentage points
🏢 How This Affects the Company
📈
Business Impact
Individual WPI growth of 19% outpaced industry peers, advancing company to 9th rank among private insurers by WPI premium. Protection business segment surged 115% year-on-year, diversifying revenue mix beyond traditional savings products. Agency channel onboarded 500 distributors with APE of ₹14 Crore, establishing new distribution growth avenue beyond core bancassurance model.
💰
Financial Impact
Total Premium Income of ₹10,046 Crore represents 25% year-on-year growth, while Profit After Tax of ₹127 Crore grew 8% year-on-year. Assets Under Management reached ₹46,118 Crore with 12% growth. VNB margin expanded to 22.4% from 19.1% prior year, indicating improved profitability of new business written. Solvency Ratio of 190% remains well above regulatory minimums.
⚙️
Operational Impact
13-month persistency improved to 86.3% from 84.4%, reflecting stronger policy retention and customer engagement. Number of Policies grew 7% year-on-year to 2,08,222. Claims settlement ratio reached 99.6%, demonstrating operational excellence in underwriting and claims processing. Branch network expanded to 107 locations pan-India as of March 31, 2026.
⚠️
Risk Impact
Solvency ratio declined from 206% in FY25 to 190% in FY26, though remaining well above regulatory minimum. Expense ratio remained flat at 18.7%, indicating no margin pressure from operational costs. 61-month persistency at 55.4% reflects stable retention in longer-term policies.
👥 What This Means For Shareholders
✅
Action Required
No action required. Review annual report for full financial statements and dividend announcement details once posted on company website.
👤
Who Is Affected
All equity shareholders of Canara HSBC Life Insurance Company Limited. Profit After Tax of ₹127 Crore (8% YoY growth) directly impacts earnings available for dividend distribution. Embedded Value of ₹7,233 Crore with Operating RoEV of 20.7% indicates shareholder value creation.
🔍
Management Signal
Management prioritizing balanced growth with discipline, investing in protection segment expansion (115% YoY growth) and agency distribution diversification (500 distributors onboarded) while maintaining strong operational metrics including 99.6% claims settlement.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q1 FY27 results — verify if Individual WPI growth sustains above 15% and VNB margin remains above 20%
Dividend announcement and record date — check for cash distribution to shareholders from FY26 profits
Annual Report filing — confirm details of agency channel scaling and branch network expansion progress
LOW RISK Solvency ratio of 190% provides comfortable regulatory buffer. Claims settlement at 99.6% and improved persistency indicate strong operational controls. Flat expense ratio shows cost discipline.
💡 Investor Takeaway
FY26 audited results show Individual WPI of ₹2,593 Crore (19% YoY growth), Total Premium Income of ₹10,046 Crore (25% YoY growth), and Value of New Business of ₹627 Crore (41% YoY growth) with VNB Margin of 22.4%. Profit After Tax grew 8% to ₹127 Crore. Company ranks 9th among private insurers by WPI and maintains 190% solvency ratio with 99.6% claims settlement ratio.
⚖️ Strengths & Concerns

✅ Positives

  • Individual WPI growth of 19% outperforms top 10 private insurers; Value of New Business margin expanded 340 basis points to 22.4%
  • Claims settlement ratio at 99.6% demonstrates operational excellence; 13-month persistency improved to 86.3% from 84.4% prior year

⚠️ Concerns

  • Profit After Tax growth of 8% significantly lags Total Premium growth of 25%, indicating earnings not scaling proportionally with topline expansion
  • Solvency Ratio declined 16 percentage points to 190% from 206%, reducing capital buffer despite remaining above regulatory requirement
📅 Company Track Record
Canara HSBC Life Insurance listed on Indian stock exchanges in October 2025. FY26 results represent first full-year audited financials post-listing. Company incorporated in 2007 as joint venture between Canara Bank (36.5%) and HSBC Insurance (Asia Pacific) Holdings Limited (25.5%). For fifth consecutive year certified as Great Place to Work by Great Place to Work Institute.

Based on publicly available historical data. For context only.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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