Max Financial Services Limited has informed the Exchange regarding a press release dated May 13, 2026, titled "Press Release".
MFSL · price
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Max Financial Services (MFSL) has released FY'26 annual results for its ~81% owned subsidiary Axis Max Life. Consolidated revenue (excluding investment income) grew 17% YoY to ₹38,039 crores, while Gross Written Premium reached ₹38,877 crores, up 17%. Axis Max Life's Individual Adjusted First Year Premium grew 19% to ₹9,885 crores, outpacing the private industry growth of 12%, driving market share gains of 56 bps to 10.4%. Profitability improved with VNB rising 26% to ₹2,647 crores and new business margins expanding to 25.2% from 24% a year ago. AUM stood at ₹1.89 lakh crores (up 8%), Embedded Value at ₹28,871 crores (up 15%), with Operating RoEV at 18.7%. Consolidated PAT for MFSL came in at ₹106 crores for FY'26.
Strong growth in premiums, market share expansion, and margin improvement signal operational outperformance versus industry peers. The 26% VNB growth and rising margins are positive indicators for MFSL's subsidiary valuation and long-term earnings potential.