HDFC Life reported a 3.2% year-on-year increase in profit after tax (PAT) for the second quarter of FY26, reaching ₹449 crore. Net premium income (NPI) rose over 13% to ₹18,871 crore from ₹16,614 crore in the same quarter last year.

On a sequential basis, PAT declined 18% from ₹548 crore reported in Q1 FY26.

For the first half of FY26, the company reported PAT of ₹994 crore, up 9% year-on-year. Individual new business annualised premium equivalent (APE) increased 10% to ₹6,471 crore, contributing to total APE of ₹7,413 crore.

Total new business premiums, including individual and group segments, rose 12% to ₹16,222 crore, while renewal premiums increased 18% to ₹17,940 crore, resulting in total premiums of ₹34,162 crore, a 15% YoY gain.

The value of new business (VNB) for first half of

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