HDFC Life Insurance Company Limited — Investor Meet, 22-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HDFC Life reported Q1 individual APE +7% and VNB +9% to INR 879 Cr, with NBM at 25%. PAT grew 12% YoY to INR 611 Cr. AUM crossed INR 400,000 Cr, and Pension AUM reached INR 175,000 Cr (+33% YoY). Solvency is strong at 185%. Management targets industry-aligned growth, prioritizing market share gains. Protection and variable annuity showed strong momentum. HDFC Bank channel, though subdued in Q1, saw competitive pressures ease and market share recover, with growth expected. Persistency stabilizing.