India First Life Insurance Ltd Q2 FY25: Weaker Revenue and Earnings Performance

Financial Performance (Q2 FY26 vs Q2 FY25): India First Life Insurance reported a weaker financial performance in Q2 FY26, with total revenue declining by 22.5% year-on-year (YoY) to ₹2,073.1 crore, compared to ₹2,673.8 crore in Q2 FY25. The decline reflects lower income generation during the quarter, likely impacted by moderation in premium inflows and investment-related income. Profit Before Tax (PBT) was lower during the quarter, translating into a decline in profitability. Profit After Tax (PAT) fell by 33.0% YoY to ₹15.3 crore from ₹22.8 crore in the same quarter last year. Earnings Per Share (EPS) declined by 33.3% YoY to ₹0.2, compared to ₹0.3 in Q2 FY25.

Operational Metrics (Q2 FY26 vs Q2 FY25): For the quarter ended September 30, 2025, India First Life Insurance reported total net benefits paid of Rs. 105,315.20 lakhs, representing an increase from the Rs. 83,366.32 lakhs paid in the corresponding quarter of the previous year. This total includes claims by death amounting to Rs. 19,295.82 lakhs (down from Rs. 19,524.71 lakhs in Q2 FY25) and a significant rise in claims by maturity, which reached Rs. 27,082.89 lakhs compared to Rs. 3,771.66 lakhs in Q2 FY25. Surrenders and withdrawals remained a major component of benefits at Rs. 58,049.26 lakhs, slightly up from Rs. 55,381.02 lakhs in the previous year.

Strategic Developments: During the quarter, the company continued to operate across both policyholders’ and shareholders’ accounts, maintaining focus on core life insurance offerings. While near-term performance was impacted by lower revenue and profitability, the company’s business remains supported by its diversified product mix and long-term insurance liabilities. Going forward, performance is expected to remain linked to premium growth trends, claims experience, and investment income performance.

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