Business · Companies · 1 day ago
Canara HSBC Life profit rises 5% to Rs 43 crore in September quarter
Canara HSBC Life Insurance reported a net profit of Rs 43 crore for the July-to-September quarter, 5% more than a year earlier.
The company is an insurer promoted by Canara Bank.
Its total income rose to Rs 2,511 crore from Rs 2,349 crore.
Net premium collections increased to Rs 2,553 crore from Rs 2,260 crore, while first-year premiums rose to Rs 642 crore from Rs 575 crore.
These figures show that the company earned more and collected more in premiums than in the same quarter last year.
Its solvency ratio, a measure of its ability to meet obligations, fell to 180% from 198% at the end of September 2025.
No further company plans or next steps were stated.
Canara HSBC Life Insurance reported net profit of Rs 43 crore for the September quarter, up 5 per cent from Rs 41 crore a year earlier.
Total income rose to Rs 2,511 crore from Rs 2,349 crore in the year-ago quarter.
Net premium collected in July-September increased to Rs 2,553 crore from Rs 2,260 crore.
First-year premium rose to Rs 642 crore from Rs 575 crore.
The insurer’s solvency ratio fell to 180 per cent from 198 per cent at the end of September 2025.
- Who
- Canara HSBC Life Insurance Company.
- What
- It reported net profit of Rs 43 crore, up 5 per cent from a year earlier.
- When
- The September quarter of the current fiscal year; the results were reported on Friday, October 9, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The company’s solvency ratio was 198 per cent.
The insurer collected net premiums of Rs 2,553 crore.
Hindu BusinessLine reported Canara HSBC Life’s second-quarter profit at Rs 43.05 crore.
Hindu BusinessLine reported the company’s 5 per cent profit increase to Rs 43 crore.
- Net profit
- Rs 43 crore, up 5 per cent
- Year-ago net profit
- Rs 41 crore
- Total income
- Rs 2,511 crore, compared with Rs 2,349 crore
- Net premium
- Rs 2,553 crore, compared with Rs 2,260 crore
- First-year premium
- Rs 642 crore, compared with Rs 575 crore
- Solvency ratio
- 180 per cent, down from 198 per cent at end-September 2025
Sources
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