Key Financial Figures
Quarterly Performance (₹ in Lakhs)
- Net Premium Income: ₹255,316 (Q2 FY2027) vs ₹225,973 (Q2 FY2026)
- Income from Investments (Net): ₹(3,342) (Q2 FY2027) vs ₹6,010 (Q2 FY2026)
- Total Income: ₹251,100 (Q2 FY2027) vs ₹234,934 (Q2 FY2026)
- Expenses of Management: ₹52,602 (Q2 FY2027) vs ₹42,695 (Q2 FY2026)
- Benefits Paid (Net): ₹119,943 (Q2 FY2027) vs ₹53,016 (Q2 FY2026)
- Change in Actuarial Liability: ₹79,824 (Q2 FY2027)
- Surplus/(Deficit): ₹(1,149) (Q2 FY2027) vs ₹11,232 (Q2 FY2026)
- Net Profit after Tax: ₹4,305 (Q2 FY2027) vs ₹4,081 (Q2 FY2026) - representing 53% YoY growth
Half-Yearly Performance (₹ in Lakhs)
- Net Premium Income: ₹460,068 (H1 FY2027) vs ₹391,316 (H1 FY2026)
- Income from Investments (Net): ₹223,537 (H1 FY2027) vs ₹201,240 (H1 FY2026)
- Total Income: ₹685,798 (H1 FY2027) vs ₹597,478 (H1 FY2026)
- Net Profit after Tax: ₹7,119 (H1 FY2027) vs ₹6,423 (H1 FY2026)
Premium Breakdown (Q2 FY2027, ₹ in Lakhs)
- First Year Premium: ₹64,190
- Renewal Premium: ₹164,091
- Single Premium: ₹29,844
- Total Gross Premium: ₹258,125
Key Ratios and Metrics
- Solvency Ratio: 180% (Sep 2026) vs 198% (Sep 2025)
- Expenses of Management Ratio: 20.4% (Q2 FY2027) vs 18.6% (Q2 FY2026)
- Basic EPS: ₹0.45 (Q2 FY2027) vs ₹0.43 (Q2 FY2026)
- Diluted EPS: ₹0.45 (Q2 FY2027) vs ₹0.43 (Q2 FY2026)
- NPA Ratios (Policyholders' Fund): Gross NPAs 0.19%, Net NPAs 0.09%
- Persistency Ratios (Premium Basis): 13th month 80.8%, 25th month 72.2%, 37th month 66.0%, 49th month 60.3%, 61st month 52.2%
Balance Sheet Position (as at 30th September 2026, ₹ in Lakhs)
- Total Assets: ₹5,068,053
- Shareholders' Funds: ₹163,866
- Policyholders' Funds: ₹4,804,713
- Investments: ₹5,019,998 (Shareholders: ₹193,285; Policyholders: ₹2,906,105; Linked Liabilities: ₹1,920,608)
- Borrowings: ₹25,000
- Net Worth: ₹163,866
Segment Performance
Key segment highlights for Q2 FY2027:
- Linked Non-Participating - Life: Net Premium ₹92,268, Segment Deficit ₹(1,789)
- Non-Linked Participating - Life: Net Premium ₹35,288, Segment Surplus ₹76
- Non-Linked Non-Participating - Life: Net Premium ₹94,442, Segment Surplus ₹3,747
- Non-Linked Non-Participating - Pension: Net Premium ₹31,529, Segment Surplus ₹308
Audit and Compliance Details
- Board Meeting: Held on 9th October 2026 from 3:00 PM to 4:00 PM IST
- Audit Committee: Reviewed and recommended results on same date
- Joint Statutory Auditors: M/s Brahmayya & Co. (FRN: 000513S) and M/s M Bhaskara Rao & Co. (FRN: 000459S)
- Review Report: Clean limited review report without observations or remarks
- Emphasis of Matter: Company deferred Ind AS adoption for one year under IRDAI forbearance, continuing with Indian GAAP
Related Party Transactions (H1 FY2027)
Total related party transactions amounted to ₹109,660 lakhs, including:
- Canara Bank: Premium Income ₹60,675 lakhs, Commission ₹20,929 lakhs
- HSBC Group: Commission ₹2,945 lakhs, Margin Payable ₹443 lakhs
- Other Promoter Group Entities: Various insurance-related transactions
Cash Flow Statement (H1 FY2027, ₹ in Lakhs)
- Operating Activities: Net inflow ₹166,606
- Investing Activities: Net outflow ₹(174,523)
- Financing Activities: Net outflow ₹(3,800)
- Net decrease in cash: ₹(11,717)
- Cash and equivalents at period end: ₹183,396
Other Disclosures
- Shareholder Complaints: Zero complaints pending, received, or unresolved as of 30th September 2026
- Final Dividend: ₹0.40 per share declared for FY2026 (nominal value ₹10 per share)
- Corporate Social Responsibility: ₹111 lakhs spent in H1 FY2027
- Contingent Liabilities: ₹34,393 lakhs as of 30th September 2026
- IL&FS Exposure: Received ₹285 lakhs interim distribution, reducing NPA provision from ₹8,610 lakhs to ₹8,325 lakhs