Preview: India's HDFC Life likely to post solid quarterly growth

Icici Prudential Life Insurance

15/10/2025 04:29

** Indian insurer HDFC Life Insurance HDFL.NS set to report earnings later in the day

** Analysts expect a robust strong demand for protection policies to lift overall retail insurance growth in the July–September period for HDFC Life

** Emkay says HDFC Life is expected to see modest annualized premium equivalent (APE) growth in H1 FY26 driven by market linked plans, but profit margins for new policies may contract due to product mix shift

** JM Financial prefers life insurers, led by HDFC Life, as it expects growth to return to double digits in 2H of FY26, even with a quarter of sub-par margins

** Expects pressure on profitability in 3Q before insurers can adjust their product portfolio to align with GST 2.0

** Peer ICICI Prudential Life Insurance ICIR.NS on Tuesday reported a quarterly profit rise, as it benefited from an increased push into non-market-linked products and lower expenses

** Thirty-two analysts covering the insurer have a "buy" on average; median PT is 890 rupees - data compiled by LSEG

** As of Tuesday's close, HDFL stock up 20% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))