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India's HDFC Life reports 16% rise in Q3 profit

Written by Adam Cadle
12/01/2024

India's HDFC Life Insurance Company has reported an almost 16% rise in Q3 profit, aided by higher investment income as premium growth moderated.

The insurer's profit after tax rose to 3.65bn rupees ($44.02m) for the three months ended 31 December from 3.15bn rupees a year earlier.

HDFC Life's investment income more than doubled to 113.7bn rupees, while its net premium income grew 6% year-on-year during the quarter.

Furthermore, its value of new business, grew 5% during the nine months to December, while new business margins remained unchanged at 26.5% from a year earlier.


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