Canara HSBC Life Insurance Company Limited has released its audited financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 33 and Regulation 52 read with Regulation 63(2) of SEBI Listing Regulations. The Board of Directors approved these results at their meeting held on April 28, 2026. Additionally, the company has made available the audio recording of the analyst meet discussion on these audited financial results conducted on April 28, 2026, which concluded at 8:30 pm IST.

Regulatory Compliance and Audit Process

The financial results were audited by joint statutory auditors Raj Har Gopal & Co. (Registration No. 002074N) and Brahmayya & Co. (Registration No. 000513S). Company Secretary and Compliance Officer Vatsala Sameer (Membership No: A14813) oversaw the regulatory filing process with digital signatures confirming submission authenticity on April 28, 2026 at 22:13:56 +05'30'.

Financial Performance Highlights FY26

The company demonstrated strong performance across key financial metrics during FY26. The audited results showcase significant growth in core business parameters and enhanced profitability indicators.

Share Capital and Dividend Declaration

As of March 31, 2026, the company has 950,000,000 issued, subscribed and paid-up equity shares with a face value of ₹10 each. The Board of Directors has recommended a final dividend of ₹0.40 per equity share for FY26, subject to shareholders' approval at the Annual General Meeting.

Debt Issuance and Capital Structure

During FY26, the company issued unsecured, rated, listed, subordinated, redeemable non-convertible debentures (NCDs) aggregating to ₹25,000 lakhs at a coupon rate of 8.15% per annum. The NCDs were allotted on March 13, 2026, and are redeemable at the end of 10 years with a call option for early redemption after 5 years. These NCDs have been rated "CRISIL AA+/Stable" by CRISIL and "CARE AA+/Stable" by CARE.

Market Position and Strategic Developments

Canara HSBC Life Insurance maintained its market share at 2.0% of the industry, with strong persistency ratios of 86.3% for 13th month policies. The company's VNB margin improved to 22.4% in FY26 from 19.1% in FY25, reflecting enhanced profitability and operational efficiency. The presentation highlighted the company's expansion in distribution channels, including the launch of its agency business model with ₹140 mn APE collected and approximately 500 distributors onboarded by March 2026.

Transparency and Accessibility

In accordance with IRDAI circular requirements on 'Public Disclosures by Insurers' dated September 30, 2021, the company will publish the financials on its official website at www.canarahsbclife.com not later than May 27, 2026. The audio recording of the analyst meet discussion on the audited financial results for Q4FY26 held on April 28, 2026 is now available on the company's website, ensuring stakeholder access to comprehensive financial information and strategic updates.

Canara HSBC Life Insurance Company Limited has rescheduled its conference call with investors and analysts for April 28, 2026, updating the timing from the previously announced 6:45 PM IST to 7:30 PM IST. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated April 23, 2026.

Updated Conference Call Details

The earnings call will now take place on Tuesday, April 28, 2026, at the revised time of 7:30 PM IST, with participants advised to dial in by 7:25 PM IST. The conference call will provide insights into the company's audited financial results for the financial year ended March 31, 2026.

Management Representation

The conference call will be represented by key members of Canara HSBC Life Insurance's senior management team, ensuring comprehensive coverage of the company's performance and strategic outlook.

Dial-in Information

Investors and analysts can participate in the conference call using the universal dial-in numbers +91 22 6280 1149 or +91 22 7115 8050. International participants have access to toll-free numbers across multiple countries including the USA, UK, Singapore, Hong Kong, and various European nations. Prior registration is available through a Diamond Pass Link for streamlined access.

Company Background

Canara HSBC Life Insurance operates as a joint venture between HSBC and Canara Bank in the Indian life insurance market. The partnership combines HSBC's global financial expertise with Canara Bank's extensive domestic network to serve customers across India's expanding insurance sector.