Anuj Mathur, Managing Director and Chief Executive Officer, Canara HSBC Life Insurance Company Limited, speaks at a press conference. | Photo credit: ANI
The insurance company had posted a net profit of ₹29.32 crore for the third quarter of the last financial year. Pre-tax profit grew 9.83 per cent year-on-year to ₹30.84 crore in the third quarter of FY26, compared to ₹28.08 crore in the corresponding period of FY25.
Net premium income rose 42.98 per cent year-on-year to ₹2,867.16 crore during the period under review, compared to ₹2,005.32 crore in the third quarter of FY25, according to a stock exchange filing. The first year premium rose 28.09 per cent to ₹ 938.01 crore, while the third quarter renewal premium rose 43.07 per cent to ₹ 1,668.39 crore.
The company said performance during the quarter was supported by robust growth in its protection business, continued improvement in persistence metrics, product diversification and targeted initiatives to deepen customer reach through strategic partnerships.
The 13th month persistence ratio increased to 84.7 percent from 78 percent for the third quarter of FY26, while the 61st month persistence ratio improved to 57 percent from 53.8 percent.
Cost of management (EoM) decreased by 90 basis points to 18.3 percent, compared to 19.2 percent in the same period last year. The solvency ratio stood at 191 percent, compared to 215 percent in the third quarter of FY25.
During the nine-month period of this financial year (9MFY26), the insurer’s Annualized Premium Equivalent (APE) and Value of New Business (VNB) rose 22.3 per cent and 36.8 per cent to ₹2,095 crore and ₹412.9 crore, respectively. The VMB margin increased by 210 basis points to 19.7 percent in December 2025, compared to 17.6 percent in the same period a year ago.
Anuj Mathur, MD & CEO of Canara HSBC Life Insurance, said: “The past quarter (Q3) represents a significant strengthening of our business momentum, supported by continued growth across key performance measures, including stronger persistence and accelerated protection-led growth, underpinned by the recent GST reforms introduced by the Indian government.”
Published on January 21, 2026
#Canara #HSBC #Life #Insurance #Net #profit #drops #net #premium #income #increases