Press Release

20th July 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 ended 30th June 2026 In continuation of our letter of today’s date on the Unaudited Financial Results for the quarter ended 30th June 2026, we attach a copy of Media Release being issued by the Company in this regard. The Unaudited Financial Results for the quarter ended 30th June 2026 as approved by the Board of Directors and the Media Release thereon are also being made 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 QUARTER ENDED JUNE 30, 2026 BSE Code: [544583] NSE Code: [CANHLIFE] Canara HSBC Life Insurance Reports Strong Business Momentum, APE Up 19%, VNB rises by 29% New Business Premium stood at ₹ 1,044 crore registering a growth of 25.2% Individual weighted premium income (WPI) of ₹ 470 crore with a year-on-year growth of 17.8% Value of New Business (VNB) stood at ₹ 124 crore with a year-on-year growth of 28.8% and new business margin of 21.1% Protection business grew 41.5% year-on-year, with share of protection increasing to 13% New Delhi, 20th July, 2026: The Board of Directors of Canara HSBC Life Insurance Company Limited approved and adopted the unaudited financial results for the quarter ended June 30, 2026. In Q1 FY27, the Company delivered healthy growth across key business and profitability metrics. This performance reflects the strength of its diversified distribution model, robust execution across channels, and continued focus on driving profitable growth through a disciplined product mix. The quarter also saw continued investment in building future growth engines. The Company expanded its distribution footprint through strategic partnerships, including the collaboration with West Bengal Gramin Bank. It also continued to strengthen its customer proposition through solutions tailored to evolving protection, savings and retirement needs, while further deepening distribution capabilities across channels. Performance Highlights (Q1 FY27)  Individual Weighted Premium Income (WPI): ₹470 crore, with 17.8% Year-on-Year (YoY) growth  New Business Premium Income: ₹ 1,044 crore, with 25.2% YoY growth  Total APE: ₹585 crore, with 18.8% YoY growth  Value of New Business (VNB): ₹124 crore, with 28.8% YoY growth  Total Premium Income: ₹2,161 crore, with 23.7% YoY growth  Assets Under Management (AUM): ₹49,683 crore, with 13.8% YoY growth  Embedded Value (EV): ₹7,383 crore, with operating RoEV of 19.7% (on a rolling 12-month basis)  Profit After Tax (PAT): ₹28 crore, with 20.2% YoY growth  Persistency Ratios: 13th month at 85.9%, 61st month at 55.3%  Product Mix (on APE basis): ULIP 36%, Non-Par Savings 26%, Par 10%, Non-Par Protection 13% and Annuity 14% MD & CEO’s Statement Anuj Mathur, MD & CEO, Canara HSBC Life Insurance, said "Our focus on profitable growth continued to deliver results in Q1, supported by strong distribution network and product mix improvements. Despite a complex global economic environment, we reported APE growth of 18.8% YoY, in line with our stated guidance. Our distribution-led strategy continued to gain traction, reflected in a 19% YoY increase in the number of policies issued. Protection remains a key focus area, with protection APE growing 41.5% YoY and its share of total APE rising to 13%. Credit Life also continued to be a significant growth driver, registering healthy advancement of 40.7% YoY. We delivered a healthy VNB of ₹124 crore with a YoY growth of 28.8% for Q1 FY27. This improvement was supported by a favorable shift in product mix towards protection and traditional offerings. With strong momentum across distribution, protection, and profitability, we remain steadfast in our commitment to deliver sustainable growth and creating long-term value in India's growing life insurance market.” Financial Metrics ₹ Crore Q1 FY27 Q1 FY26 YoY Growth Individual WPI 470 399 17.80% Total APE 585 493 18.80% New Business Premium 1,044 833 25.20% (Individual + Group) Renewal Premium 1,117 914 22.30% (Individual + Group) Total Premium 2,161 1,747 23.70% Assets Under 49,683 43,640 13.80% Management (AUM) Profit After Tax (PAT) 28 23 20.20% Value of New Business 124 96 28.80% (VNB) Other Key Ratios Metric Q1 FY27 Q1 FY26 Expense Ratio (Total 20.70% 19.60% Expenses / Total Premium) Solvency Ratio 198% 200% 13-Month Persistency* 85.90% 84.00% 61-Month Persistency* 55.30% 55.30% Product mix by APE (UL / Non par savings /Par/Annuity/ 36/26/10/14/13 49/18/7/15/11 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 additional value to shareholders expected to be generated through the activity of writing new policies during a specified period / fiscal. ● Solvency Ratio: Solvency Ratio means ratio of the amount of available solvency margin to the amount of required solvency margin as specified in form-KT-3 of IRDAI Actuarial Report and Abstracts for Life Insurance Business Regulations and IRDAI Actuarial, Finance and Investment Functions of Insure [Showing first 8,000 characters — download PDF for full document]