Earnings Snapshot: HDFC Life Insurance, ICICIGI, ICICI Prudential Life Insurance, MAHABANK, and AWL
- Share.Market
- 6 min read
- Published at : 16 Jul 2025 12:39 PM
- Modified at : 17 Jul 2025 12:51 PM
HDFCLIFETotal Premium ₹14,875 Crore 🔼 16.1% YoY
Net Income ₹546 Crore 🔼 14% YoY
HDFC Life Insurance Company Ltd. delivered strong performance in Q1 FY26, with its main revenue metric – Individual Annualized Premium Equivalent (APE) – growing 12.5% to ₹2,777 crore compared to last year.
The company’s profit margins also improved slightly to 25.1%. More importantly, HDFC Life increased its market share to 12.1%, gaining ground against competitors.
Their total funds under management reached ₹3.55 lakh crore, up 15% from last year. The company maintained healthy financial ratios, with a solvency ratio of 192%, which is well above the required 150%.
Customer retention remained strong at 86% for 13-month policies. HDFC Life added over 23,000 new agents and sold 249,000 individual policies during the quarter. Their protection and ULIP products performed particularly well, with protection business growing 19% year-on-year.
ICICIGIGross Direct Premium Income (GDPI) ₹7,735 Crore 🔼 0.6% YoY.
Net Profit ₹ 747 Crore 🔼 28.7% YoY
ICICI Lombard General Insurance Company Ltd. showed strong financial performance in Q1 FY26, with profits before tax jumping 28.4% to ₹994 crore compared to the same period last year.
The company’s return on equity improved to 20.5%, indicating better profitability for shareholders. Their earnings per share increased to ₹15.06 from ₹11.77, meaning higher returns for investors.
The company maintained a healthy solvency ratio of 2.70 times, well above the regulatory minimum, showing strong financial stability.
In their main business areas, motor insurance remained their strongest segment with 10.5% market share, though commercial vehicle premiums declined.
Health insurance grew impressively by 38.2% to ₹445 crore, with retail health market share rising to 3.5%.
Their crop insurance business improved significantly with better loss ratios. The company processed over 1 million claims digitally, and their mobile app crossed 16.6 million downloads, demonstrating strong digital adoption among customers.
Note: With effect from October 1, 2024, Long-term Products are accounted for on a 1/n basis, as mandated by IRDAI, which affects comparability with prior periods. Excluding the impact of this 1/n accounting norm, the GDPI of the Company grew by 4.8% for Q1 FY2026
ICICIPRULITotal Premium: ₹8,954 Crore 🔼 8.1% YoY
Net Profit ₹302 Crore 🔼 34.2% YoY
ICICI Prudential Life Insurance Company Ltd. delivered mixed but overall positive results in Q1 FY26. Their Value of New Business (VNB), which measures how profitable new policies are, grew 3.2% to ₹457 crore, with a healthy VNB margin of 24.5%.
However, their Annualized Premium Equivalent (APE) – a key measure of new business volume – declined 5% to ₹1,864 crore compared to last year.
On the positive side, retail weighted premium grew 13% to ₹1,356 crore, and retail sum assured surged 31.5% to ₹77,750 crore.
The company maintained strong financial health with a solvency ratio of 212.3%, well above regulatory requirements, and zero bad loans since inception. Customer retention remained excellent, with 86% of policies continuing after 13 months. The protection business grew strongly by 15.2%, while non-linked products increased by 20.8%.
The company settled 99.6% of individual death claims within an average of 1.1 days, demonstrating efficient operations and customer service excellence.
MAHABANKTotal Income ₹7,879 Crore 🔼 16% YoY
Net Profit ₹1,593 Crore 🔼 23% YoY
Bank of Maharashtra showcased strong operational performance in Q1 FY26. Bank’s Net Interest Margin stood at 3.95%, while Return on Assets improved to 1.80% and Return on Equity reached an impressive 23%.
Their cost-to-income ratio improved to 37.57%, indicating better operational efficiency. The bank maintained good asset quality with Gross NPA at just 1.74% and Net NPA at an even lower 0.18%. Their Provision Coverage Ratio of 98.36% demonstrates strong risk management.
Total business expanded 14.63%, with deposits growing 14.07% and advances rising 15.34%.
Notably, CASA deposits constituted 50.07% of total deposits, providing cheaper funding. The bank maintained strong capital adequacy with CRAR at 20.06%, well above regulatory requirements.
Digital adoption reached 98.85% of transactions, while their mobile banking user base grew to 2.14 million.
The bank’s focus on priority sectors continued with ₹32,799 crore in agricultural lending and significant support to retail, agriculture, and MSME segments, which together comprised 62.10% of total advances.
AWLRevenue from Operations ₹17,059 Crores 🔼 21% YoY
Net Profit ₹238 Crores 🔻 24% YoY
AWL Agri Business Ltd. showed mixed operational performance in Q1 FY26 beyond revenue and profit metrics.
The company’s consolidated EBITDA stood at ₹572 crore, declining 16% year-on-year due to high base effects and customs duty cuts on edible oils. However, EBITDA per metric ton improved to ₹3,623, up 17% quarter-on-quarter.
Overall volumes declined 5% year-on-year to 1.58 million metric tons, primarily due to the strategic consolidation of regional rice business and sluggish palm oil sales.
The Food & FMCG segment delivered its best-ever quarterly EBITDA of ₹82 crore with a 5.7% margin, driven by strong performance across wheat flour, branded basmati, pulses, and soya nuggets.
Industry Essentials achieved the highest profits in 12 quarters with ₹100 crore PBT, mainly from the de-oiled cake business recovery. The company expanded its distribution reach to over 8.7 lakh outlets and 55,000 rural towns.
Quick commerce sales surged 73% year-on-year, while branded exports crossed ₹300 crore. Return on Capital Employed for the last twelve months was 11%, with edible oils at 18% and industry essentials at 17%. New manufacturing capacities at Gohana and Kadi are nearing completion to support future growth.
Note: The stock price mentioned is as of 12:35 PM
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