Press Release

9th October 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [East], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400001 NSE Symbol: CANHLIFE BSE Security Code: 544583 ISIN: INE01TY01017 (Equity) ISIN: INE01TY01017 (Equity) INE01TY08012 (Non-Convertible Debentures) Dear Sir/ Madam, Subject: Media Release - Unaudited Financial Results for the quarter and half-year ended 30th September 2026 In continuation of our letter of today’s date on the Unaudited financial results for the quarter and half-year ended 30th September 2026, we attach a copy of Media Release being issued by the Company in this regard. The Unaudited Financial Results for the quarter and half-year ended 30th September 2026 as approved by the Board of Directors and the Media Release thereon are also being available on the website of the Company at www.canarahsbclife.com. Thanking you, For Canara HSBC Life Insurance Company Limited Vatsala Sameer Company Secretary and Compliance Officer Membership No: A14813 Canara HSBC Life Insurance Company Limited (IRDAI Regn No. 136) 35th Floor, IFC, (M3M) Golf Course Ext Rd, Badshahpur, Sector 66, Gurugram, Haryana 122101 T +91-124-4506700 | F +910124-4535099 | www.canarahsbclife.com Corporate Identity No.: L66010DL2007PLC248825 | E-mail: customerservice@canarahsbclife.in Registered Office: 8th Floor, Unit No. 808-814, Ambadeep Building, Plot No. 14, Kasturba Gandhi Marg, New Delhi-110001 (India) | T +91 11-49512300 PRESS RELEASE: PERFORMANCE FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 BSE Code: 544583 | NSE Code: CANHLIFE Canara HSBC Life Insurance Reports Healthy H1 FY27 Results: Embedded Value Reaches ₹7,622 Crore, Operating RoEV at 19.8%; Traditional Products Drive VNB Growth New Business Premium stood at ₹1,984 crore, registering year-on-year growth of 16.1% Individual weighted premium income (WPI) of ₹1,117 crore, with year-on-year growth of 14.5% Value of New Business (VNB) stood at ₹266 crore, with year-on-year growth of 24% and new business margin of 21.3% Protection business grew 44% year-on-year, with share of protection at 10.5% Credit Life continues strong trajectory, year-on-year growth at 35% New Delhi, 09th October 2026: The Board of Directors of Canara HSBC Life Insurance Company Limited approved and adopted the unaudited financial results for the half year ended September 30, 2026. During H1 FY27, Canara HSBC Life Insurance delivered a resilient performance amid a dynamic operating environment. The Company reported healthy growth in Individual WPI and APE while continuing to strengthen the quality of its business through improved customer penetration, healthy renewal collections, and sustained persistency. During the period, it further expanded its protection offering through the launch of Promise2Secure, designed to provide flexible financial security solutions for evolving family needs. The Company was also recognized among India's Best Workplaces for Women 2026 – Top 50 by Great Place To Work® India, reflecting its continued commitment to fostering an inclusive and high-trust workplace. Performance Highlights (H1 FY27)  Individual Weighted Premium Income (WPI): ₹1,117 crore; year-on-year (YoY) growth of 14.5%  New Business Premium Income: ₹1,984 crore; YoY growth of 16.1%  Total APE: ₹1,250 crore; YoY growth of 14.4%  VNB: ₹266 crore; YoY growth of 24%; VNB margin of 21.3%  Total Premium Income: ₹4,742 crore; YoY growth of 17.3%  Protection APE: ₹131 crore; YoY growth of 44%; share of total APE of 10.5%  Assets Under Management (AUM): ₹50,200 crore as at September 30, 2026; YoY growth of 14%  Embedded Value (EV): ₹7,622 crore as at September 30, 2026; operating RoEV of 19.8% on a rolling 12-month basis  Profit After Tax (PAT): ₹71.2 crore; YoY growth of 10.8%  Persistency Ratios: 13th month at 85.6%; 61st month at 54.6%  Solvency Ratio: 180% as at September 30, 2026  Product Mix (on APE basis): ULIP 41%; Non-Par Savings 24.6%; Par 9.9%; Non-Par Protection 10.5%; Annuity 13.7% MD&CEO’s Statement Anuj Mathur, MD & CEO, Canara HSBC Life Insurance, said, "H1 FY27 reflected the resilience of traditional segments’ demand, enabling us to deliver healthy growth while further strengthening the quality of our business. Our protection portfolio continued to gain traction, growing by 44% and accounting for 10.5% of total APE, while strong renewal trends underscored the strength of our customer franchise. We reported a Value of New Business of ₹266 crore, up 24% year-on-year, with a VNB margin of 21.3%, reflecting our focus on disciplined execution and profitable growth. We also continued to see sustained momentum in credit life and annuity streams, reinforcing our strategy of building a balanced and diversified portfolio aligned to customers' protection, savings and retirement needs. We view the proposed regulatory reforms as a positive step towards enhancing transparency, customer outcomes and the long-term sustainability of the insurance sector. As the industry evolves, we remain committed to leveraging our strong distribution franchise and customer-focused approach to create enduring value for customers and stakeholders." Financial Metrics ₹ Crore H1 FY27 H1 FY26 YoY Growth Individual WPI 1,117 975 14.5% Total APE 1,250 1,092 14.4% New Business Premium 1,984 1,709 16.1% (Individual + Group) Renewal Premium 2,758 2,334 18.2% (Individual + Group) Total Premium 4,742 4,042 17.3% Assets Under Management 50,200 44,090 13.9% (AUM) Profit After Tax (PAT) 71.2 64.2 10.8% Value of New Business 266 214 24.0% (VNB) Other Key Ratios Metric H1 FY27 H1 FY26 Expense Ratio (Total Expenses / 20.5% 19.0% Total Premium) Solvency Ratio 180% 198% 13-Month Persistency* 85.6% 84.4% 61-Month Persistency* 54.6% 55.5% Product mix by APE (UL / Non par savings /Par/Annuity/ 41/25/10/14/10 50/17/8/16/8 Protection) Definitions and abbreviations ● Individual weighted premium income (“WPI”): Individual WPI is defined as sum of individual non single new business premium and 10% of individual single new business premium during the relevant Fiscal/ period. ● Annualized premium equivalent (“APE”): APE is calculated by summing the annualized first-year premiums of regular premium policies and 10% of the single premiums during the relevant Fiscal/ period. ● Renewal business premium: Renewal business premium includes life insurance premiums falling due in the years subsequent to the first year of the policy during the relevant Fiscal / period. ● Total Premium: The total of all premiums received in a year — including first year, single and renewal premiums for both individual and group policies. ● Asset under management (“AUM”): AUM represents the total carrying value of assets managed by the life insurance company as on the date of reporting. ● Persistency ratio: Persistency ratio is defined as the ratio of premium received from policies remaining in force to all policies issued, prior to the date of measurement. It is the percentage of premium pertaining to policies that have not discontinued paying premiums or surrendered. ● Profit after tax: Profit after tax is the total of income less expenses after deducting tax expense for the relevant Fiscal/ period attributable to Shareholders as reported in the annual report/ financial statements for the relevant Fiscal/ period. ● New Business Premium: Insurance premium that is due in the first policy year of a life insurance contract or a single lump sum payment from the policyholder ● Embedded value (“EV”): EV is the sum of the Adjusted Net Worth and present value of future profits from all the policies in-force of a life insurance company as at the date of reporting ● Value of new business (“VNB”): VNB is the present value of expected future earnings from new policies written during a specified period / fiscal and it reflects the [Showing first 8,000 characters — download PDF for full document]