Max Financial Services Ltd

📈 Max Financial Services Q1 FY27: Strong Growth Across Key Metrics

- Consolidated revenue (ex-investment income) reached ₹7,289 crores, up 18% YoY.

- Gross Written Premium grew 19% YoY to ₹7,607 crores.

- Individual Adjusted First Year Premium stood at ₹1,810 crores, a 17% YoY increase.

- New Business Margin improved significantly by 315 basis points to 23.2%.

- Value of New Business (VNB) was ₹446 crores, showing strong 33% YoY growth.

- Embedded Value grew 15% YoY to ₹30,415 crores, with an Operating RoEV of 14.9%.

- Assets Under Management (AUM) crossed the ₹2 lakh crores mark, growing by 11%.

- Individual New Business Sum Assured increased by 32%.

- Protection & Health business grew 44%, while Annuity business surged 116% during the quarter.

- Group Credit Life (GCL) segment expanded by 57%, with 45% of business from partners added in the last 3 years.

- Consolidated Profit After Tax (PAT) was ₹1,18 crores, reflecting a 37% growth.

- Axis Max Life's private market share increased by 13 bps to 10.1%.