HDFC Life Q3 FY26: PAT Jumps 7% YoY, Margins See Mild Pressure

• HDFC Life reported a 7% year-on-year increase in Profit After Tax (PAT) to Rs 1,414 crore in Q3 FY26.
• Individual Annualised Premium Equivalent (APE) rose 11% YoY to Rs 9,988 crore, with total APE also growing at a similar pace.
• New business premium increased 10% YoY to Rs 24,550 crore, driven by double-digit growth in individual policies sold.
• Renewal premium climbed 15% YoY to Rs 28,415 crore, pushing total premium income up 13% YoY to Rs 52,965 crore.
• Retail protection APE surged 70% YoY in Q3, and Assets Under Management (AUM) grew 15% YoY to Rs 5.3 trillion.

Why It Matters: HDFC Life saw strong profit and premium growth in Q3 FY26 despite a slight dip in new business margins.