- HDFC Life’s net income for Q1 2024 is 4.78 billion rupees, matching estimates and showing a 15% increase year-over-year.
- Net investment income rose by 21% year-over-year to 141.2 billion rupees.
- Net premium income increased by 9% year-over-year to 125.1 billion rupees, slightly below the estimated 129.66 billion rupees.
- First Year Premium saw a significant rise of 28% year-over-year to 23.6 billion rupees, close to the estimated 23.89 billion rupees.
- Renewal Premium climbed 11% year-over-year to 64.1 billion rupees, well above the estimated 1.19 billion rupees.
- Single Premium showed a modest growth of 0.5% year-over-year, reaching 40.4 billion rupees, just shy of the estimated 41.11 billion rupees.
- Other income decreased by 23% year-over-year, totaling 667.2 million rupees.
- The solvency ratio is consistent at 186%, compared to 187% in the previous quarter.
- The board has approved raising 20 billion rupees through bonds.
- Analyst recommendations include 28 buys, 4 holds, and 1 sell.
A look at HDFC Life Insurance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis, HDFC Life Insurance demonstrates a positive long-term outlook overall. The company’s scores in various key factors such as Dividend, Growth, and Momentum indicate a solid foundation for future performance. With a strong Resilience score, HDFC Life Insurance is well-positioned to weather potential economic challenges and market fluctuations.
HDFC Life Insurance, a reputable life insurance firm, offers a range of insurance plans including protection, pension, savings, and investment options catering to individuals in India and the United Arab Emirates. The company’s balanced scores across Value, Dividend, Growth, Resilience, and Momentum highlight its potential for sustained growth and stability in the insurance sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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