|Particulars||Sep-20 Quarter||Growth (YOY)||Growth (QOQ)|
|Key Ratios||Sep-20 Quarter||Sep-19 Quarter||Jun-20 Quarter|
|Net Profit Margin||2.00%||3.57%||3.11%|
|Solvency Ratio (%)||203%||192%||190%|
|Mgt Expense Ratio (%)||15%||19.3%||15.5%|
|Policy Liabilities / Share Holder Funds (%)||1810%||1965%||1778%|
Key takeaways from the Sep-20 quarter results
- The solvency ratio of HDFC Life has gone up to 203% in the latest quarter as compared to sub-200% levels in the June and Sep-19 quarters.
- Compared to Sep-19 quarter, the company has manged to rein in management expenses ratio at around 15% compared to 19.3% last year in Sep-19 quarter.
- Durnig the June quarter, HDFC Life like most of the other life insurance companies saw a surge in policy buying due to the fear factor in the aftermath of COVID-19. That appears to have tapered to more normal levels.