Page 5 - Hdfc Life

Standard Life plans to divest up to 4.5% stake in HDFC Life Insurance

From October lows of Rs 575, shares of HDFC Life had gained as much as 8 per cent amid strong buying in shares of private insurers

Standard Life sells 3.3% stake in HDFC Life Insurance for Rs 3,220 crore

Standard Life Mauritius Holdings held 23.02% stake in HDFC Life as on June 30, 2019

HDFC Life surges 9% in 2 days to hit 52-week high on solid Q1 performance

The management has guided for strong APE growth in the next 9 months, depicting its confidence of continuing strong growth in the non-par segment in near to medium term

HDFC Life reports 20% rise in net profit at Rs 913 cr in 9 months of FY19

In Q3 of FY19, the insurer posted profits to the tune of at Rs 245.63 crore, up 18.3 per cent. The company's profit stood at Rs 207.32 crore in the same quarter of 2017

HDFC Life PAT up by 17.4% to Rs 2.87 bn, assets under management grow 14%

Net Premium Income grew by 25.7 per cent from Rs 53.9 billion in Q2 FY2018 to Rs 67.8 billion at the end of Q2 FY2019

HDFC Life Insurance Q2 net profit up 20% YoY at Rs 2.87 billion

HDFC Standard Life Insurance Company (HDFC Life) Tuesday reported 20.3 per cent rise in net profit at Rs 286.98 crore for the quarter ended September 30, 2018. The company's net profit in the year-ago period stood at Rs 238.49 crore. The gross premium income, inclusive of first year, renewal premium and single premium, rose to Rs 6,840.5 crore during the reported quarter. It was Rs 5,636.6 crore in the second quarter of 2017-18, HDFC Life said in a BSE filing. The net premium income increased to Rs 6,777.55 crore as against Rs 5,389.43 crore earlier. On July 20, the Board of Directors approved a proposal to change the corporate name of the company to 'HDFC Life Insurance Company', subject to approval of shareholders and regulators, it said. Vibha Padalkar was appointed as Managing Director & CEO with effect from September 12, the company said. She will continue as the Chief Financial Officer for the interim period till further replacement, it added. On second quarter earnings, .

HDFC Life board to meet on Sep 12 to consider appointment of new MD, CEO

HDFC Standard Life Saturday said its board will meet on September 12 to consider appointment of new MD & CEO of the company after incumbent Amitabh Chaudhry resigned from the post. Chaudhry has been appointed as MD and CEO of Axis Bank for a period of 3 years from January 1, 2019 to December 31, 2021, the bank informed the stock exchanges separately. In a filing to the stock exchanges, HDFC Standard Life said Chaudhry, Managing Director & CEO of the company, has tendered his resignation. "We wish to inform you that meetings of the Nomination and Remuneration Committee and the Board of Directors of HDFC Standard Life Insurance Company are scheduled to be held on Wednesday, September 12, 2018 inter-alia to note the resignation, and consider the appointment of new Managing Director & CEO of the Company ...," the life insurance company said. The appointment will be subject to the approval of shareholders and the Insurance Regulatory and Development Authority of India ...

HDFC Life stock gains 3.9%; improvement in first quarter priced in

HDFC Life's value of new business (VNB) margin expanded 370 basis points (bps) over a year to 24.2 per cent in Q1

HDFC Life reports 24% growth for FY18, 40% jump in Q4 net at Rs 3.47 bn

Its total income was down at Rs 81.34 billion, during the March quarter of 2017-18

HDFC Life Q3 net rises 15% at Rs 2.07 bn; AUM up by 27% at Rs 1.04 trn

The renewal premium also went up to Rs 28.05 billion from Rs 25.72 billion

HDFC Life to raise exposure to capital goods stocks on govt infra push

Modi's government has pledged to spend billions of dollars under its "housing for all" programme

HDFC Life shares buck trend, soar on debut after $1.3 bn IPO

HDFC Life's rival SBI Life has also shed 6.4 percent since its listing last month after a $1.3 billion IPO

Insurance industry entering a phase of sustainable growth: HDFC Life CEO

Question: There were reports that Standard Life was pushing for the listing when the initial structure for the merger with Max Life was rejected by the regulator. Is the IPO driven by Standard Life's drive to cash out some of its stake?Answer: When we announced the merger in August 2016, a couple of months before that the board had decided that we would be the first company to go for an IPO. We gave the merger plans one full year to find the structure which can allow us to merge. When we decided to call off the merger, there was still no structure on the table which would have given us hope that in a relatively short period of time it would get us the approval of the authorities. So, the board decided that given the fact that we don't have a structure on the table, may be it makes sense to finish the IPO. And that's what Standard Life said that because you don't have a structure in place, so, it's better to go for listing. Moreover, HDFC and Standard Life are selling on the ...

HDFC Life files draft paper with Sebi for IPO

Embedded value pegged at Rs 13,220 crore in June

HDFC Life to proceed with IPO

In a board meeting on Monday, HDFC Standard Life Insurance Company decided to list its shares through an Initial Public Offer (IPO). The public issuance would be an offer for sale by HDFC, the parent company, and UK-based Standard Life, which holds 35 per cent stake. HDFC has told the stock exchanges a maximum of 20 per cent equity capital of HDFC Life would be offered for sale in the IPO. The ratio of equity dilution by HDFC and Standard Life is not known at the moment.Analysts estimates had recently pegged the value of HDFC Life at Rs 32,000 crore. At this number, the IPO size could be about Rs 6,000 crore.The Insurance Regulatory and Development Authority of India (Irdai) did not give a go-ahead to an HDFC Life-Max Life merger in the form it was proposed about a year before. After that, it appears HDFC Life and Standard Life worked on an alternative structure. On June 7, Standard Life expressed apprehension on whether any new structure for the proposed merger would be viable or ...

Alternative structure will take 15-20 months: Amitabh Chaudhry

The MD and CEO of HDFC Life reveals that he is in a wait-and-watch mode

HDFC Life's profit up by 10% in April-December period

Net profit stood at Rs 645 cr

Insurance brands turn life coaches

HDFC Life, IndiaFirst Life and Bharti Axa Life look to change customer purchase behaviour and expand their influence

Due diligence for merger of Max Life almost complete: HDFC Life

The merger will create the largest private insurance company with assets under management of over Rs 1 lakh crore

HDFC, Max Life echo 'cultural fit' after pact

Combined entity eyes double-digit growth in business; since both are among top-5 players, they stand to gain from each other strengths