fintech / news / / NDTV Profit
Canara HSBC Life Insurance's calculated Q4 FY26 value of new business came in at Rs 2.1 billion (21.4% higher than estimates) up by 8.0% QoQ and 48.7% YoY.
Systematix lowered Canara HSBC Life Insurance's price target to Rs 180 from Rs 190.
KEY POINTS
- Q4 FY26 value of new business was Rs 2.1 billion, 21.4% above estimates.
- Annualised premium equivalent was Rs 700 crore, 20.3% below brokerage estimates.
- Recently launched agency channel onboarded 500 distributors, collecting Rs 14 crore APE in six months.
- APE YoY growth was driven by protection segment (+96.1%), non-par savings (+43.4%), and annuity (+24.7%).
COMPANIES
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