HDB Financial Services, a subsidiary of HDFC Bank, reported its first quarterly results following its recent listing for Q1 FY26, with net profit declining 2.4% year-on-year to Rs 568 crore despite a 15% increase in revenue to Rs 4,465 crore. Total gross loans rose 2.3% quarter-on-quarter to Rs 109,342 crore. HDFC Life Insurance posted a 14% rise in net profit to Rs 546 crore, driven by a 16% increase in net premium income and a 12.7% growth in value of new business (VNB) to Rs 809 crore. The company’s total annual premium equivalent (APE) stood at Rs 3,225 crore, with a retail APE of Rs 2,777 crore. HDFC Life’s assets under management (AUM) increased 15% to Rs 3,55,897 crore, and its solvency ratio improved to 192%. ICICI Prudential Life reported a 34% increase in net profit to Rs 302 crore, with total APE in line with expectations at Rs 1,864 crore and a VNB margin of 24.5%. ICICI Lombard recorded a 29% rise in net profit to Rs 747 crore, supported by a 14% increase in net premium earned to Rs 5,136 crore, though its combined ratio slightly increased to 102.9%. These results reflect mixed earnings trends across the insurance and financial services sectors in India for the first quarter of fiscal year 2026.