Max Financial Services reported an 18% YoY growth in consolidated revenue and a 23% YoY increase in individual adjusted first-year premium for Q1FY26. Axis Max Life Insurance's private market share improved by 121 bps to 10%, and its VNB grew 32% YoY to ₹335 crore. The Embedded Value stood at ₹26,478 crore, marking a 20% growth.
Max Financial Services Ltd. reported robust financial results for the first quarter of the fiscal year 2026 (Q1FY26), showcasing significant growth across various key metrics. The company's consolidated revenue excluding investment income grew by 18% year-on-year (YoY), reaching ₹32,620 crore [3]. Notably, Axis Max Life Insurance Limited, a subsidiary of Max Financial, reported an impressive 23% YoY increase in individual adjusted first-year premium, reaching ₹1,553 crore [1].
Axis Max Life's private industry market share expanded by 121 basis points to 10%, reflecting strong performance in the competitive insurance market. The company's value of new business (VNB) grew by 32% YoY to ₹335 crore, indicating a proactive and strategic market approach [1]. The embedded value of Max Financial Services stood at ₹26,478 crore, marking a 20% growth from the previous quarter [1].
Prashant Tripathy, CEO and Managing Director of Axis Max Life, commented on the company's performance, highlighting the positive momentum and strategic focus on expanding proprietary channels, deepening partnerships, and driving product innovation. He also emphasized the company's commitment to delivering long-term value to its customers, partners, and shareholders [1].
The results came after the close of the market hours, and shares of Max Financial Services Ltd. ended at ₹1,504.30, up by ₹14.70 or 0.99% on the BSE today (August 7) [1].
References:
[1] https://www.cnbctv18.com/market/stocks/max-financial-share-price-q1-results-net-profit-tanks-45-pc-crore-despite-robust-growth-at-axis-max-life-nii-vnb-aum-gwp-19650606.htm
[2] https://www.ainvest.com/news/mediaalpha-expects-23-q3-transaction-growth-momentum-ftc-settlement-resolution-2508/
[3] https://www.icicidirect.com/research/equity/rapid-results/max-financial-services-ltd
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