Overview
- Net premium income in the quarter rose about 5.4–5.5% to roughly Rs 1.26 lakh crore.
- For H1 FY26, profit after tax reached Rs 21,040 crore, up 16.36%, with total premium income at Rs 2,45,680 crore, up 5.14%.
- Value of new business climbed to Rs 5,111 crore in H1 and the VNB margin expanded to 17.6% as the non‑par APE share rose to 36.31% with broader banca and alternate channels.
- The solvency ratio improved to 213% and commission outgo moderated to Rs 5,772 crore, signaling stronger capital and cost control.
- First‑year premium market share slipped to 59.41% in H1 as individual new business declined and renewals increased, with the company expecting GST changes to bolster H2 demand.