HDFC Life Insurance Company Ltd. benchmarking: Perfomance to industry peers

Financial

	HDFC Life Insurance	SBI Life Insuran	Life Insurance Corp
Operational Metrics
Life Insurance Sector
Embedded Value	58355.0 Crs	74260.0 Crs	776876.0 Crs
Value Of New Business Margin (VNB)	25.1 %	27.4 %	15.4 %
Management Expense Ratio - Life Insurance	17.9 %	9.67 %	10.47 %
61 Month Persistency Ratio	64.0 %	63.3 %	58.31 %
13 Month Persistency Ratio	86.0 %	86.1 %	70.9 %
Commission Ratio - Life Insurance	10.7 %	4.9 %	4.15 %
AUM - Life Insurance	355897.0 Crs	475810.0 Crs	5705341.0 Crs
New Business Performance - Life Insurance	3063.85 Crs	3321.24 Crs	16022.77 Crs
Claim Settlement Ratio	99.8 %	99.4 %	94.59 %
Financials
5 yr Average ROE	0.0	0.0	0.0
5yr average Equity Multiplier	n/a	n/a	n/a
5yr Average Asset Turnover Ratio	n/a	n/a	n/a
5yr Avg Net Profit Margin	n/a	n/a	n/a
P/E	88.05	72.64	11.49
5yr CAGR Net Profit	5.88 %	10.64 %	74.64 %
Shareholdings
Promoter Holding	50.28 %	55.37 %	96.5 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.24 %	-0.11 %	0.0
Change in Mutual Fund Holding (3 Yrs)	6.96 %	2.65 %	0.5 %

Business

	HDFC Life Insurance	SBI Life Insuran	Life Insurance Corp
Segment Break-Up	Segment Break-Up Non Participating Funds 54.57 Participating Funds 23.58 Unit Linked Funds 21.84 Reinsurance 0 Others 0.01	-	-
Location Wise Break-Up	Location Wise Break-Up Domestic 100.0 India 0	Location Wise Break-Up Domestic 0 India 100.0	Location Wise Break-Up Domestic 0 India 100.0
Distribution Channel	Distribution Channel Bancassurance 56.0 Agency 20.0 Group Savings 13.0 Group Premium 11.0 Agency 0 Bancassurance 0 Web Aggregators 0 Direct Business 0 Corporate Agents - Others 0 Corporate Agents - Banks 0 Individual Agents 0	Distribution Channel Individual Agents 0 Agency 19.0 Group Savings 0 Group Premium 0 Direct Business 0 Web Aggregators 0 Corporate Agents - Others 0 Bancassurance 48.0 Corporate Agents - Banks 0 Others 33.0	Distribution Channel Individual Agents 93.8 Agency 0 Group Savings 0 Group Premium 0 Direct Business 2.2 Web Aggregators 0.76 Corporate Agents - Others 0.12 Bancassurance 0 Corporate Agents - Banks 3.12
Investment Break-Up	Investment Break-Up Government securities 53.06 Investments in Infrastructure and Social Sector 12.77 Equity 7.92 Debenture 6.31 CBLO/Repo Investments 2.51 Other than Approved Investments 1.65 Investment Property 0.49 Deep Discount Bonds 0.36 Fixed Deposits 0.32 Mutual Fund 0.15 Infrastructure Investment Fund 0 Other Approved Securities 0 0 0 Other than Approved Securities 0 Investments In Infrastructure 0 Other Investments 0 Government Securities & Treasury Bills 0 Others 14.46	Investment Break-Up 0 Equity 0 Fixed Deposits 0 Other Approved Securities 34.42 Infrastructure Investment Fund 0 Government Securities & Treasury Bills 0 Other than Approved Investments 0 Investment Property 0 Investments in Infrastructure and Social Sector 13.28 Government securities 50.47 Investments In Infrastructure 0 Mutual Fund 0 Other than Approved Securities 0 Deep Discount Bonds 0 Other Investments 0 Government securities 0 Debenture 0 CBLO/Repo Investments 0 Others 1.83	Investment Break-Up 0 Equity 0 Fixed Deposits 0 Other Approved Securities 0.12 Infrastructure Investment Fund 0 Government Securities & Treasury Bills 60.31 Other than Approved Investments 0 Investment Property 0 0 0 Investments In Infrastructure 8.2 Mutual Fund 0 Other than Approved Securities 0.94 Deep Discount Bonds 0 Other Investments 30.43 Government securities 0 Debenture 0 CBLO/Repo Investments 0
Premium Break-Up - Life Insurance	Premium Break-Up - Life Insurance Protection 29.0 Annuity 20.0 Non-Participating 19.0 Group Savings 14.0 Participating 10.0 Unit linked(UL) 8.0 Term 0 Unit Linked 0 Non Participating 0	Premium Break-Up - Life Insurance Non participating 37.77 Non-Participating 0 Participating 8.39 Group Savings 0 Unit linked(UL) 0 Term 0 Annuity 0 Protection 0 Unit Linked 53.84	-

HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company Ltd.

Financial

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