Max Financial Services Limited has informed the Exchange about Investor Presentation
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Max Financial Services filed an investor presentation focused on its subsidiary Axis Max Life Insurance (AMLI), a joint venture with Axis Bank (MFSL holds 80.98%). For 9M FY26, Gross Written Premium grew 18% to Rs 25,195 crore, while Total APE rose to Rs 6,908 crore from Rs 5,731 crore. New Business Margin improved to 23.6% from 21.9%, and Embedded Value grew to Rs 28,110 crore. AUM stood at ~Rs 1.9 trillion, making AMLI the 4th largest private life insurer by AUM. Solvency ratio remained strong at 201%, and the company maintained an industry-leading claims paid ratio of 99.70%. Proprietary channels grew 29%, with online proprietary showing a 5-year CAGR of 60%. The company holds about 10% private market share and ranks #3 in individual retail sum assured.
The presentation highlights steady growth across premiums, AUM, and embedded value, along with margin improvement from 21.9% to 23.6%, which is generally positive for shareholders. Strong solvency at 201% and best-in-class claims paid ratio support confidence in the franchise, though PBT declined to Rs 2.48 crore from Rs 3.97 crore, indicating higher new business strain.