Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Date of Board Meeting / Approval: July 24, 2026 (Meeting commenced at 11:00 AM and concluded at 02:35 PM)
Audit Opinion: Unmodified opinion by joint statutory auditors
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Lakhs]:
Standalone Results (Policyholders' Account):
Gross Premium Income:
- First Year Premium: ₹4,95,493 (vs. ₹3,53,947 in Q1 FY26)
- Renewal Premium: ₹12,38,179 (vs. ₹10,54,628 in Q1 FY26)
- Single Premium: ₹3,95,293 (vs. ₹3,72,814 in Q1 FY26)
- Total Gross Premium: ₹17,29,965 (vs. ₹12,34,389 in Q1 FY26)
Net Premium Income: ₹20,07,821 (vs. ₹17,17,850 in Q1 FY26)
Income from Investments (Net): ₹25,97,702 (vs. ₹21,52,514 in Q1 FY26)
Other Income: ₹3,547 (vs. ₹-773 in Q1 FY26)
Total Income: ₹46,09,070
Expenses:
- Net Commission: ₹92,956 (vs. ₹78,605 in Q1 FY26)
- Operating Expenses: ₹1,63,546 (vs. ₹1,12,912 in Q1 FY26)
- Expenses of Management: ₹2,56,502 (vs. ₹1,91,517 in Q1 FY26)
Benefits Paid (Net): ₹13,12,672 (vs. ₹10,11,837 in Q1 FY26)
Change in Actuarial Liability: ₹29,81,156 (vs. ₹25,89,994 in Q1 FY26)
Total Expenses: ₹45,55,079
Surplus/(Deficit): ₹53,991 (vs. ₹46,815 in Q1 FY26)
Shareholders' Account:
Profit before tax: ₹74,587 (vs. ₹61,095 in Q1 FY26)
Provisions for tax: ₹2,094 (vs. ₹1,658 in Q1 FY26)
Profit after tax: ₹72,493 (vs. ₹59,437 in Q1 FY26)
EPS: ₹7.23 (basic) and ₹7.22 (diluted) for the quarter
Balance Sheet Position as at June 30, 2026:
Paid up equity share capital: ₹1,00,324 lakhs
Reserve & Surplus: ₹18,82,201 lakhs
Total Assets: ₹5,26,04,607 lakhs
Investments:
- Shareholders: ₹18,47,759 lakhs
- Policyholders: ₹2,22,19,738 lakhs
- Assets held to cover Linked Liabilities: ₹2,83,47,942 lakhs
Solvency Ratio: 1.96 (vs. 1.96 as at June 30, 2025)
Segment-wise Performance [₹ in Lakhs]:
Segment Surplus/(Deficit):
- Par Life: ₹6,863
- Par Pension: ₹1,102
- Par VIP: ₹851
- Non Par Individual Life: ₹(21,401)
- Non Par Group Life: ₹25,593
- Linked Individual Life: ₹21,321
- Linked Pension: ₹17,570
- Shareholders: ₹26,715
Segment Assets:
- Par Life: ₹62,72,452
- Non Par Individual Life: ₹73,50,843
- Non Par Group Life: ₹44,66,883
- Non Par Annuity: ₹34,54,603
- Linked Individual Life: ₹2,17,53,899
- Linked Pension: ₹65,82,673
Corporate Actions:
ESOP Allotment: The Company allotted 148,413 equity shares (face value ₹10 each) to eligible employees pursuant to exercise of employee stock options under ESOS 2018.
Dividend: No dividend declared for the quarter. Previous interim dividend was ₹2.70 per share.
Other Significant Information:
Embedded Value: WTW certified embedded value of ₹85,290 crore as at June 30, 2026, with value of new business of ₹141 crore for the quarter.
Persistency Ratios (Premium Basis):
- 13th month: 84.35%
- 25th month: 76.75%
- 37th month: 70.91%
- 49th month: 67.90%
- 61st month: 59.10%
Expenses Management Ratio: 12.05% for the quarter
Trading Window: Re-opened from Monday, July 27, 2026 for all designated persons.
Notes:
- The Company has no subsidiaries/associates/joint ventures requiring consolidation
- Figures for previous periods have been regrouped/reclassified/restated for comparability
- Seasonality of the industry means quarterly results may not be indicative of full year results