The company’s solvency ratio stood at 192, well above the regulatory requirement of 150.
Investment income for policyholders saw a sharp spike to Rs 1,459 crore compared to just Rs 1.8 crore in the previous quarter, she said, adding the net yield on policyholder funds, particularly in unit-linked products, rebounded sharply with 9.5% returns (including unrealised gains), compared to -4.5% in the March quarter.
The 13th month persistency ratio, an indicator of policy renewal, declined to 82.7 from 87.3 on premium basis, reflecting some retention pressure. However, persistency in the 25th and 49th months improved. The conservation ratio for participating and non-par products remained steady above 85, indicating strong policyholder stickiness.
Total benefits paid stood at Rs 867.9 crore, while the change in actuarial liability was Rs 1,701 crore, both reflecting higher scale of business.
Operating expenses rose to Rs 150.9 crore, while net commissions paid were Rs 174.9 crore, indicating continued investment in distribution.
On the shareholder side, investment income came in at Rs 32 crore and profit before tax was Rs 56 crore.
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