Canara HSBC Life Insurance Company Limited has reported a strong financial performance for the half year ended September 30, 2025, its first results after being listed on Indian stock exchanges. The company recorded consistent growth across all major business metrics, underscoring its expanding multi-channel distribution strategy and customer trust.
During the first half of FY26, the insurer’s individual weighted premium income stood at Rs 975.2 crore, up 13.8 per cent year-on-year (YoY), while total annualized premium equivalent (APE) rose 11 per cent YoY to Rs 1,092.3 crore. The Value of New Business (VNB) increased by 20.6 per cent to Rs 214.3 crore, achieving a new business margin of 19.6 per cent.
Total premium income reached Rs 4,042.1 crore, reflecting a 24.9 per cent growth, and Assets Under Management (AUM) rose 11.3 per cent to Rs 44,089.8 crore. The company reported a Profit After Tax (PAT) of Rs 64.2 crore, marking a 15.6 per cent increase from the previous year.
Commenting on the performance, Anuj Mathur, MD & CEO, Canara HSBC Life Insurance, said, “Our first half-year as a listed company marks a defining moment for Canara HSBC Life. The strong results reflect our diversified channel strategy, execution agility, and growing customer trust. The recent GST exemption on life insurance premiums is a positive step that will make protection more affordable and accessible, supporting long-term industry growth.”
The insurer continues to strengthen its bancassurance foundation while expanding through alternate channels, including its newly launched agency network, to reach emerging markets.
With an embedded value of Rs 6,543.5 crore and an operating return on embedded value (RoEV) of 17.4 per cent, Canara HSBC Life Insurance remains well-positioned to accelerate growth in the second half of FY26.
Incorporated in 2007, Canara HSBC Life is jointly promoted by Canara Bank (36.5 per cent), HSBC Insurance (Asia Pacific) Holdings (25.5 per cent), and Punjab National Bank (13 per cent), with the rest held by public and institutional investors.
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