Latest News | HDFC Life Q3 Profit Rises 14 Pc to Rs 415 Cr

New Delhi, Jan 15 (PTI) HDFC Life on Wednesday reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter.

The private sector insurer's profit stood at Rs 365 crore in the year-ago period, HDFC Life said in a regulatory filing.

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However, total income declined to Rs 16,914 crore in the latest quarter from Rs 26,694 crore in the year-ago period.

The company's solvency ratio also declined to 188 per cent from 190 per cent as on December 31, 2023 as against the regulatory requirement of 150 per cent.

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For the nine-month period ended December, the life insurer posted a profit of Rs 1,326 crore as against Rs 1,157 crore in the corresponding period a year ago.

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