Canara HSBC Life Insurance Company Limited has informed the Exchange regarding a press release for Audited Financial Results for the quarter and financial year ended 31st March 2026
CANHLIFE · price
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Canara HSBC Life Insurance reported strong FY26 results with total premium crossing ₹10,000 crore (₹10,046 crore) and 25% year-on-year growth. Individual WPI grew 19% to ₹2,593 crore, outpacing industry peers, while Value of New Business surged 41% to ₹627 crore with VNB margin improving to 22.4% from 19.1%. The company advanced to 9th rank among private insurers. Profit After Tax increased 8% to ₹127 crore, Assets Under Management grew 12% to ₹46,118 crore, and the company recorded its best-ever claims settlement ratio of 99.6%. Protection business saw exceptional 115% growth. This was the company's first annual results since listing on stock exchanges in October 2025.
Strong all-round performance with 41% VNB growth and 22.4% VNB margin indicates improving profitability and business quality. The crossing of ₹10,000 crore premium milestone and industry-beating WPI growth are positive signals for shareholders. The solvency ratio of 190% remains comfortable above regulatory requirements.