Canara HSBC Life Insurance shares soar 10% as Q4 net profit rises 9% to Rs 35 crore

Shares of Canara HSBC Life Insurance Company rallied as much as 10% to their day’s high of Rs 149 on the BSE on Wednesday after it reported a nearly 9% increase in net profit to Rs 35 crore for the fourth quarter ended March 2026.

The insurer had posted a net profit of Rs 32 crore in the corresponding period last year. Net premium collected during the quarter rose to Rs 3,061 crore, compared with Rs 2,703 crore a year earlier.

Income from investments was negative at Rs 1,716 crore in the quarter, against positive income of Rs 55 crore in the same quarter last year.


The company’s Q4 performance showed improvement in key operating metrics, supported by stronger premium growth and better business value generation. Annualised Premium Equivalent (APE) stood at Rs 704 crore, up 13% from Rs 625 crore a year ago.

Value of New Business (VNB) surged 49% to Rs 214 crore, compared with Rs 144 crore in the year-ago period, while VNB margins expanded sharply to 30.4% from 23.0%.

For FY26, Canara HSBC Life Insurance closed with 19% growth in WPI, with gross premium crossing Rs 10,000 crore during the year. The company said it delivered one of the highest WPI growth rates among the top 10 life insurers and improved its position to 9th rank among private insurers based on WPI premium. Profit after tax for FY26 stood at Rs 127 crore, up 8% YoY.

Individual Weighted Premium Income stood at Rs 2,593 crore, rising 19% YoY, ahead of both industry and private-sector peers. Value of New Business (VNB) came in at Rs 627 crore, registering 41% YoY growth, while VNB margin improved to 22.4%.

The protection business recorded strong momentum, growing 115% YoY, with its share increasing to 7% of the portfolio. The insurer also reported its best-ever claims settlement ratio of 99.6%.

Persistency ratios remained healthy, with the 13th month ratio at 86.3% and the 61st month ratio at 55.4%.

On an APE basis, the product mix consisted of ULIP 51%, Non-Par Savings 19%, Non-Par Protection 7%, Par 8%, Annuity 14%, and Fund-based business 1%.

The company issued 2,08,222 policies during the year, reflecting 7% YoY growth, while its solvency ratio stood at 190%.

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