NSE: CANHLIFE · BSE: 544583
CANARA HSBC LIFE INS CO L
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.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | 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) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Profit before tax | 45 | 31 | 39 | 32 |
| Net profit | 41 | 28 | 35 | 28 |
| EPS (₹) | — | — | — | — |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MAX FINANCIAL SERV LTD | 42,492 | 384.8 | 6.62 | — | 1.6 | — | 8.8 | 1.2 |
| CANARA HSBC LIFE INS CO L ◆ | — | — | — | — | — | — | — | — |
| LIFE INSURA CORP OF INDIA | — | — | — | — | — | — | — | — |
| HDFC LIFE INS CO LTD | — | — | — | — | — | — | — | — |
| ICICI LIFE INSURANCE LTD | — | — | — | — | — | 0.6 | — | — |
| SBI LIFE INSURANCE CO LTD | — | — | — | — | — | — | — | — |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 20 Oct 2026 · Postal ballot results: re-appointment of two independent directors approved | board shareholder meetings | medium | — | — |
| 16 Oct 2026 · NSE assigns ESG rating of 71 to Canara HSBC Life Insurance for FY 2025-26 | business updates | medium | — | — |
| 15 Oct 2026 · Transcript of analyst meet held on 9 October 2026 filed with exchanges | investor communications | medium | — | — |
| 13 Oct 2026 · Routine SEBI compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 11 Oct 2026 · Newspaper publication of Q2 FY26 unaudited financial results | compliance | minimal | — | — |
| 9 Oct 2026 · H1 FY27: Total premium up 17.3%, VNB up 24%, Embedded Value at Rs 7,622 cr | results | high | — | — |
| 9 Oct 2026 · Canara HSBC Life H1 FY27: VNB margin expands to 21.3 percent | investor communications | medium | — | — |
| 9 Oct 2026 · Q2 FY27 Results: PAT Rs 43.05 cr, Solvency 1.50x, Ind AS deferred | results | high | — | — |
| 9 Oct 2026 · Board approves Q2 results, clears Rs 287.5 Cr subordinated NCD fundraising | fund raising | medium | — | — |
| 9 Oct 2026 · Q2 FY27 results approved; board plans up to Rs 287.5 Cr debenture raise | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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| 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 |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.