Canara HSBC Life Q2 profit rises 5% YoY to Rs 43 crore

Canara HSBC Life Insurance Company on Friday reported a 5 per cent increase in net profit to Rs 43 crore in the September quarter of the current fiscal.

The insurer had recorded a net profit of Rs 41 crore in the year-ago quarter.

The total income of the insurance firm promoted by Canara Bank improved to Rs 2,511 crore in the quarter under review from Rs 2,349 crore a year ago, Canara HSBC Life Insurance Company said in a regulatory filing.

The company collected a net premium of Rs 2,553 crore in the July-September period, up from Rs 2,260 crore in the year-ago period.

The first-year premium rose to Rs 642 crore in the second quarter from Rs 575 crore in the same period of the previous fiscal.

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The solvency ratio of the insurance company also moderated to 180 per cent from 198 per cent at the end of September 2025.

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