Canara HSBC Life Insurance Company Ltd

Canara HSBC Life Insurance Co. announced that the 19th Annual General Meeting(AGM) of the company will be held on 20 August 2026.

The company's consolidated profit after tax increased 20.15% YoY to Rs 28.14 crore in Q1 FY27. PAT declined 18.97% QoQ from Rs 34.73 crore in Q4 FY26. Total income rose 20.03% YoY to Rs 4,382.86 crore in Q1 FY27. On a sequential basis, total income increased 237.96% from Rs 1,296.86 crore in Q4 FY26. Profit before tax stood at Rs 31.51 crore in Q1 FY27, up 20.87% YoY and down 18.39% QoQ. Employee expenses increased 26.49% YoY to Rs 214.99 crore, while other expenses rose 20.45% YoY to Rs 4,135.90 crore. Total operating expenditure increased 20.01% YoY to Rs 4,350.89 crore. On the business front, Individual Weighted Premium Income (WPI) rose 17.8% YoY to Rs 470 crore, while New Business Premium increased 25.2% YoY to Rs 1,044 crore. Annualised Premium Equivalent (APE) grew 18.8% YoY to Rs 585 crore, and Value of New Business (VNB) increased 28.8% YoY to Rs 124 crore, with a VNB margin of 21.1%. Total premium income rose 23.7% YoY to Rs 2,161 crore, while assets under management increased 13.8% YoY to Rs 49,683 crore. Embedded value stood at Rs 7,383 crore, with an operating return on embedded value (RoEV) of 19.7% on a rolling 12-month basis. The insurer reported 13-month persistency of 85.9% and 61-month persistency of 55.3%. Protection remained a key growth driver, with protection APE rising 41.5% YoY and its share of total APE increasing to 13%. Credit Life business grew 40.7% YoY, while the number of policies issued increased 19% YoY. During the quarter, the company expanded its distribution footprint through a partnership with West Bengal Gramin Bank. Managing director and CEO Anuj Mathur said APE growth of 18.8% YoY was in line with the company's guidance and reflected the strength of its distribution-led strategy. He said the insurer delivered healthy growth in distribution, protection and profitability during the quarter and remains focused on sustainable growth and creating long-term value in India's life insurance market. Canara HSBC Life Insurance is a bancassurance-led life insurer promoted by Canara Bank and HSBC Insurance (Asia Pacific) Holdings. The company offers protection, savings, retirement, credit life and employee benefit products through bank partnerships, other bancassurance partners and digital channels. Powered by Capital Market - Live

Net profit of Canara HSBC Life Insurance Company rose 20.15% to Rs 28.14 crore in the quarter ended June 2026 as against Rs 23.42 crore during the previous quarter ended June 2025. Sales rose 23.83% to Rs 2047.52 crore in the quarter ended June 2026 as against Rs 1653.43 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2047.521653.43 24 OPM %-0.020.38 - PBDT31.5126.07 21 PBT31.5126.07 21 NP28.1423.42 20 Powered by Capital Market - Live

Canara HSBC Life Insurance Co. will hold a meeting of the Board of Directors of the Company on 20 July 2026.

Affle 3i Ltd, Niva Bupa Health Insurance Company Ltd, Newgen Software Technologies Ltd, Anupam Rasayan India Ltd are among the other stocks to see a surge in volumes on NSE today, 13 July 2026.Canara HSBC Life Insurance Company Ltd registered volume of 224.26 lakh shares by 14:14 IST on NSE, a 19.4 fold spurt over two-week average daily volume of 11.56 lakh shares. The stock rose 3.14% to Rs.148.55. Volumes stood at 24.59 lakh shares in the last session.Affle 3i Ltd notched up volume of 13.03 lakh shares by 14:14 IST on NSE, a 8.14 fold spurt over two-week average daily volume of 1.60 lakh shares. The stock rose 4.75% to Rs.1,550.70. Volumes stood at 2.76 lakh shares in the last session.Niva Bupa Health Insurance Company Ltd registered volume of 74.6 lakh shares by 14:14 IST on NSE, a 8.05 fold spurt over two-week average daily volume of 9.27 lakh shares. The stock rose 1.95% to Rs.88.20. Volumes stood at 16.64 lakh shares in the last session.Newgen Software Technologies Ltd clocked volume of 236.58 lakh shares by 14:14 IST on NSE, a 6.1 times surge over two-week average daily volume of 38.80 lakh shares. The stock gained 15.62% to Rs.598.00. Volumes stood at 299.49 lakh shares in the last session.Anupam Rasayan India Ltd recorded volume of 16.62 lakh shares by 14:14 IST on NSE, a 5.85 times surge over two-week average daily volume of 2.84 lakh shares. The stock gained 0.34% to Rs.1,272.30. Volumes stood at 2.74 lakh shares in the last session.Powered by Capital Market - Live

In the March quarter, standalone net premium income rose 13.21% YoY to Rs 3,060.66 crore, while sequential (QoQ) growth stood at 6.75%. Profit before tax came in at Rs 38.61 crore, up 10.22% YoY and 25.19% QoQ. Profit after tax rose 8.23% YoY to Rs 34.73 crore, while jumping 25.61% sequentially. That said, employee expenses surged 20.01% YoY and 30.60% QoQ to Rs 234.3 crore, suggesting continued investments in distribution and expansion. For FY26, individual weighted premium income stood at Rs 2,593 crore, rising 19% YoY, outpacing both industry and private sector peers. Total APE grew 20% YoY to Rs 2,799 crore, while new business premium rose 25% to Rs 3,917 crore. Total premium income climbed sharply to Rs 10,046 crore (up 25% YoY), while renewal premium increased to Rs 6,129 crore (up 25% YoY), reflecting a strengthening customer base. On the profitability front, value of new business jumped 41% YoY to Rs 627 crore, with VNB margin expanding to 22.4% from 19.1%. Net profit for FY26 stood at Rs 127 crore, up 8% YoY. Assets under management rose 12% YoY to Rs 46,118 crore, while embedded value reached Rs 7,233 crore with an operating RoEV of 20.7%, highlighting improving franchise value. Operationally, persistency ratios improved, with the 13-month ratio at 86.3% and 61-month ratio at 55.4%. The solvency ratio stood at a comfortable 190%, indicating a strong capital position. The company also saw traction in distribution, onboarding 500 new distributors during the year, while policy count grew 7% YoY to over 2.08 lakh. Its product mix remained diversified, led by ULIPs at 51%, followed by non-par savings 19%, non-par protection 7%, par 8%, annuity 14% and fund-based business 1%. Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank (36.5%) and HSBC Insurance (Asia Pacific) Holdings (25.5%). As a bancassurance-led insurance company with its corporate office at Gurugram, Haryana and 107 branch offices as of 31 March 2026, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks.

Canara HSBC Life Insurance Co. announced that the Board of Directors of the Company at its meeting held on 28 April 2026, inter alia, have recommended the final dividend of Rs 0.4 per equity Share (i.e. 4%) , subject to the approval of the shareholders.

Net profit of Canara HSBC Life Insurance Company rose 8.23% to Rs 34.73 crore in the quarter ended March 2026 as against Rs 32.09 crore during the previous quarter ended March 2025. Sales rose 13.21% to Rs 3060.66 crore in the quarter ended March 2026 as against Rs 2703.47 crore during the previous quarter ended March 2025. For the full year,net profit rose 8.23% to Rs 126.61 crore in the year ended March 2026 as against Rs 116.98 crore during the previous year ended March 2025. Sales rose 25.36% to Rs 9840.98 crore in the year ended March 2026 as against Rs 7850.24 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales3060.662703.47 13 9840.987850.24 25 OPM %3.791.27 -0.690.16 - PBDT38.6135.03 10 140.78128.15 10 PBT38.6135.03 10 140.78128.15 10 NP34.7332.09 8 126.61116.98 8 Powered by Capital Market - Live

Canara HSBC Life Insurance Company has allotted 25,000 unsecured, subordinated, listed, rated, redeemable, non cumulative, fully paid-up, non-convertible debentures in the nature of 'Subordinated Debt', each having a face value of Rs 1,00,000 (Debentures), for a nominal value of Rs 250 crore for cash, on private placement basis. Powered by Capital Market - Live

Canara HSBC Life Insurance Company announced that CRISIL has assigned the credit rating CRISIL AA+/ Stable for subordinated debt of the company of Rs 250 crore. Powered by Capital Market - Live