HDFC Life Insurance Company

Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz

Value of new business (VNB) of the insurer was up 10.3 per cent YoY to Rs 748 crore in Q2FY23 compared to Rs 678 crore in the year-ago period

Societe General bought shares worth Rs 469 cr, Integrated Core Strategies bought shares worth Rs 287 cr and Norges Bank bought shares worth Rs 234 cr

Protection segment, overall, has witnessed decent growth, mainly because of strong traction in the credit life business, buoyed by disbursement from banks and NBFCs.

Though Q1 was disappointing, there are triggers that could lead to improvement in the performance of the two insurers

VNB up 25% YoY to Rs 510 cr, annualised premium equivalent grew 22% to Rs 1,904 cr; Solvency ratio at 178%, slightly above the regulatory norm of 150%

The bonds will be listed on wholesale debt market segment of NSE

Having emerged from the pandemic largely unscathed, the sector is set to benefit from an unprecedented pick-up in demand. Where it goes from here, however, depends on its ability to innovate

Engineers India, Star Cement and Syngene International too can decline up to 7% in the medium term, indicate charts

Coromandel International, HDFC Life Insurance Company and SAIL are the stocks that the technical analyst from Religare Broking is bullish on

Life insurers in India should be allowed to play a bigger role in healthcare sector so that they can be the "disruptor" rather than the "disrupted", HDFC Life Chairman Deepak S Parekh said.

23% rise in net premium; Rs 41 cr Covid reserve last year completely used up to settle claims

The stock will be replaced by HDFC Life Insurance Company with effect from July 31. It will be replaced by SBI Cards in the Nifty 100 and Nifty 500 indices

The UK-based firm sold shares offloaded 50 million shares at Rs 441.2 apiece to raise Rs 2,200 crore.

That apart, 37.2 per cent year-on-year (YoY) growth in new premiums between April-November further boosted buying sentiment.

Following the deal, shares of HDFC Life spurted 5.43% to hit their 52-week high of Rs 643.50 in intra-day trade the BSE

The company's net profit in the year-ago period stood at Rs 286.98 crore

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In March, Standard Life had divested 4.93 per cent stake in HDFC Life to raise about Rs 3,600 crore