Sells life insurance products in India — savings, unit-linked and protection policies — to retail customers, distributed mainly through the branch network of promoter Canara Bank under a bancassurance arrangement. In Q1 FY27, it collected Rs 2,047.52 crore in net premium income, with gross premium of Rs 21,611 Mn and individual weighted new premium income of Rs 4,698 Mn. New business premium reached Rs 1,044 crore and value of new business was Rs 1,236 Mn at a 21.1% margin, while the protection segment grew 41.5% year-on-year. Assets under management stood at Rs 49,683 crore, embedded value at Rs 73,828 Mn, the 13-month persistency ratio at 85.9% and the solvency ratio at 198%. Quarterly profit after tax was Rs 28.14 crore on EPS of Rs 0.30. The main P&L outflows are policyholder benefits and operating expenses, partly offset by investment income earned on the premium pool. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Individual life insurance (savings, unit-linked, protection), Group life insurance, Investment income on policyholder funds. Long-duration, liability-driven life insurance business with bancassurance-led distribution.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | — |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | 127 |
| EPS, as reported (₹) | — |
| ROE % · ROCE % | — · — |
| Debt / equity (x) | — |
| Cash from operations | 3,534 |
| Capex | (10) |
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Profit before tax | 45 | 31 | 39 | 32 |
| Net profit | 41 | 28 | 35 | 28 |
| EPS (₹) | — | — | — | — |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MAX FINANCIAL SERV LTD | 50,971 | 461.6 | 7.94 | 208.8 | 1.6 | — | 8.8 | 1.2 |
| CANARA HSBC LIFE INS CO L ◆ | — | — | — | — | — | — | — | — |
| LIFE INSURA CORP OF INDIA | — | — | — | — | — | — | — | — |
| HDFC LIFE INS CO LTD | — | — | — | — | — | — | — | — |
| ICICI PRU LIFE INS CO LTD | — | — | — | — | — | 0.6 | — | — |
| SBI LIFE INSURANCE CO LTD | — | — | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · IRDAI levies Rs 1 crore penalty on Canara HSBC Life for policy misselling | regulatory legal | high | — | — |
| 9 Sept 2026 · Two Independent Directors Reappointed for Second Three-Year Term | business updates | medium | — | — |
| 31 Aug 2026 · CFO Mr Tarun Rustagi resigns, last working day November 24, 2026 | management changes | high | — | — |
| 25 Aug 2026 · Canara HSBC Life signs Corporate Agency deal with HSBC GIFT City branch | strategic transactions | medium | — | — |
| 24 Aug 2026 · AGM results: all 8 resolutions passed, Rs 0.40 per share dividend declared | compliance | low | — | — |
| 21 Aug 2026 · Edward Charles Lawrence Moncreiffe resigns as non-executive director | management changes | medium | — | — |
| 20 Aug 2026 · Canara HSBC Life Insurance 19th AGM: Rs. 0.40 dividend, 8 resolutions passed | board shareholder meetings | low | — | — |
| 13 Aug 2026 · AGM on 20 Aug 2026; final dividend record date is 14 Aug 2026 | corporate actions | high | — | — |
| 6 Aug 2026 · Institutional investors meet disclosure by Canara HSBC Life Insurance | investor communications | low | — | — |
| 5 Aug 2026 · Disclosure of upcoming institutional investor meetings | investor communications | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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