Loading…
Leading private Indian life insurer selling savings, protection and pension plans via HDFC Bank and agents.
Leading private Indian life insurer selling savings, protection and pension plans via HDFC Bank and agents.
Earns premiums, mostly on long-term savings and protection policies sold through HDFC Bank's branches, then invests the money until benefits are paid. Profit comes from the margin built into each policy sold, so new-business volume and product mix matter. HDFC Bank, which absorbed HDFC Ltd in 2023, is its promoter.
In one line: India's Prudential Financial for life insurance.
Moat: narrow (distribution, brand). Preferential bancassurance access through HDFC Bank's branch network is a hard-to-replicate distribution edge.
Headquarters: Mumbai, India · Founded: 2000 · Employees: 38,291
Size HDFC Life Insurance (HDFCLIFE.NS) is an India Financials company (Life/Health Insurance) with a market value of $13.0B, the 83rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹565.30 on 6 Nov 2026.
Performance Over six months the shares fell 9.6%, against +14.2% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 18.5% over the last twelve months (peer median +11.2%); the operating margin is 1.9% (peer median 12.6%).
Valuation It trades at 6.31× book value against a peer median of 2.34× (3rd most expensive of 20).
Price implies The share price implies a return on equity of about 72.0%; HDFC Life Insurance delivers 11.2%, so the price asks more than the business earns today.
Next results Next results expected around 15 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.09T | ₹1.08T | ₹1.01T | ₹888B | ₹757B |
| Revenue growth | — | +7% | +14% | +17% | — |
| Net income | ₹20.5B | ₹19.1B | ₹18.1B | ₹15.7B | ₹13.7B |
| Free cash flow | n/a | ₹223B | ₹153B | ₹106B | ₹68.0B |
| Capital expenditure | n/a | ₹2.87B | ₹3.01B | ₹1.36B | ₹876M |
| Total debt | ₹31.0B | ₹31.0B | ₹29.5B | ₹9.50B | ₹9.50B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| HDFC Life Insurance HDFCLIFE.NS | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% |
| SBI Life Insurance SBILIFE.NS | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% |
| ICICI Life Insurance ICICILIFE.NS | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% |
| Life Insurance Corp. of India LICI.NS | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HDFCLIFE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.5% | +2.9% | 10th highest of 21 |
| 6-month return | -9.6% | +14.2% | 2nd lowest of 21 |
| Return on equity | 11.2% | 13.3% | 8th lowest of 21 |
| Price / book | 6.31× | 2.34× | 3rd most expensive of 20 |
| Trailing P/E | 59.7× | 11.7× | 2nd most expensive of 20 |
| ROE the price implies | 72.0% | 15.6% | 2nd most demanding of 19 |
| ROE delivered | 11.2% | 13.3% | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| Challenger CGF.AX | Australia | $5.59B | +36% | -25% | 13% | 2.01× | 15.8% | 13.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| E-L Financial ELF.TO | Canada | $4.74B | +10% | +32% | 20% | 0.68× | 6.4% | 20.2% |