Max Financial Services Limited has informed the Exchange about Investor Presentation
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Max Financial Services reported FY25 consolidated revenue (excluding investment income) of Rs 32,620 crore, up 12% YoY, with consolidated PAT at Rs 403 crore. Axis Max Life Insurance's Individual Adjusted First Year Premium grew 20% to Rs 8,329 crore, outpacing private industry growth of 15% and total industry growth of 10%, lifting market share to 9.8% (from 9.4%). Value of New Business grew 7% to Rs 2,107 crore with New Business Margin at 24.0% (vs 26.5% in FY24), though Q4 showed a sharp recovery with NBM at 28.1%. Operating RoEV stood at 19.1%, Embedded Value reached Rs 25,192 crore, and Solvency Ratio improved to 201% (from 172%). Profit Before Tax grew 20% to Rs 448 crore, AUM crossed Rs 1.75 lakh crore, and 44 new distribution partners were added during the year. Management outlined 5-year aspirations targeting leadership in online, proprietary and protection segments with sales growth targets of 2.5x to 9x across channels.
Strong topline growth and market share gains signal healthy franchise momentum, though full-year margin compression remains a watchpoint. The Q4 margin recovery to 28.1%, improving solvency, and clear multi-year strategy provide a constructive medium-term outlook for shareholders.