Max Financial Services Limited has informed the Exchange regarding a press release dated August 07, 2025, titled "Press Release".
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Awaiting price reaction for this filing.
Max Financial Services reported strong Q1 FY'26 numbers driven by its ~81% subsidiary Axis Max Life Insurance. Individual Adjusted First Year Premium grew 23% YoY to ₹1,553 crores, helping the company gain 121 basis points of private insurance market share (now at 10%). Gross Written Premium rose 18% to ₹6,397 crores, while renewal premium grew 17% to ₹3,873 crores. Profitability measure Value of New Business (VNB) jumped 32% to ₹335 crores, and New Business Margin improved by 260 bps to 20.1%. Assets Under Management stood at ₹1,83,211 crores (up 14%), Embedded Value at ₹26,478 crores (up 20%), and new retail policies grew 10%. Solvency ratio remained strong at 199%, claims paid ratio at 99.70%. The company also launched a new 'Axis Max Life' app combining insurance servicing with wellness features.
Strong all-round quarterly performance with healthy growth across premiums, market share, profitability and assets – likely positive for investor sentiment and short-term stock price. The 199% solvency ratio and 99.70% claims paid ratio indicate financial strength, though solvency dipped slightly from 203% last year.