HDFC Life Q2 FY25 Results, Net Premium Income surges by 15% YoY to Rs 1,565 crore

HDFC Life Insurance Company has announced its financial results for the quarter ended September 30, 2024, with significant growth across key metrics. The company posted strong performance both on a standalone and consolidated basis, with impressive year-over-year (YoY) and quarter-over-quarter (QoQ) growth.

 HDFC Life reported a gross premium income of Rs 1,692.74 crore, a YoY increase of 12% from Rs 1,514.88 crore in Q2 FY23-24 and a QoQ increase of 6% compared to Rs 1,596.21 crore in Q1 FY24-25.

 The net premium income for Q2 stood at Rs 1,565.40 crore, reflecting a YoY growth of 15% from Rs 1,363.24 crore in the previous year.

The company reported a standalone PAT of Rs 43.29 crore, up by 15% YoY from Rs 37.68 crore, and a slight QoQ decrease from Rs 47.76 crore in Q1 FY24-25.

 On a consolidated basis, the net premium income increased to Rs 1,684.21 crore, a 12% rise YoY. The PAT for the consolidated entity was Rs 91.06 crore for H1 FY24-25, marking a YoY increase of 14.9%.

HDFC Life’s investment income saw a sharp rise with Rs 2,573.51 crore in Q2 FY24-25, up from Rs 1,973.31 crore in Q2 FY23-24. The consolidated investment income reached Rs 52.6 crore, demonstrating a 12% growth compared to the same period last year.