HDFC Life Insurance: Sharekhan maintain buy rating with target price of Rs 850
For Q3 FY21, HDFC Life Insurance results were mixed, with operational results coming below estimates, but gain in market share with NBM margins improvement sequentially was encouraging, indicating steady recovery from the impact of Covid-19. Better premium recovery mom helped HDFC Life Insurance post market share gain in 9M FY21 to 16.4%, up 214 bps yoy.
HDFC Life Insurance Total annualised premium equivalent (APE) is showing smart recovery and was up by 4% yoy (was down 4% yoy till first half of FY21) to Rs 5491 cr: image taken from official website