Profit Meets Estimates As Premiums Jump

HDFC Life Insurance Co.’s quarterly profits rose over the year earlier, in line with estimates, as premiums increased.The private insurer’s profit rose 22% year-on-year to Rs 328.8 crore in the quarter ended June, according to an exchange filing. That compares with the Rs 311.7-crore consensus estimate of analysts tracked by Bloomberg. Sequentially, however, earnings fell 35%.The company earned premiums of Rs 9,396 crore, a 23% incre…

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