India's Canara HSBC Life Insurance up after Q4 profit rise, VNB margin expansion

Canara HSBC Life Insurance

29/04/2026 06:05

** Shares of Canara HSBC Life Insurance Co CANR.NS rise as much as 8.9% to 148.4 rupees; last up 7.7%, trimming YTD losses to ~8%

** Life insurer reports 8.2% y/y rise in Q4 PAT to 347.3 mln rupees ($3.7 mln); FY VNB margin at 22.4% vs 19.1% a year ago

** Asian Markets Securities says Q4 margin expansion was driven by higher business volumes, favorable product mix, positive changes in economic assumptions

** CANR continued to consistently outperform industry in terms of annual premium equivalent growth, supported by robust VNB margin growth - BOBCAPS

** Adds, with its strategy of above-industry profitable growth, increasing share of protection, balanced product mix, gradual channel diversification, co well placed for sustained growth

** Notes absence of GST input tax credit had a negative impact of 1.9% on VNB margin in FY26; estimates margins at 22.6% for FY27E

($1 = 94.7800 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))