Latest News
Press background on Max Financial Services Limited
Company profile
Max Financial Services Limited (MFS), a part of the US$ 3 billion Max Group, is the parent company of Max Life, India’s largest non-bank, private life insurance company.MFSactively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.
 Recent press releases
Max Financial Services Revenue up 50% to Rs. 7,020 Cr., PAT up 26% to Rs. 81 Cr. in Q2 FY21

Max Life Results Highlights (H1 FY21)
Value of New Business stood at Rs. 438 Cr., grew 20%. New Business Margin expanded by 320 bps to 24.2%,
Assets Under Management: Rs. 77,764 Cr.; grew 19%
Embedded Value at Rs. 11,047 Cr., Operating RoEV 17.5%
 ... (more)
Share
Max Financial Services Reports 235% Growth in Q1 FY21 PAT, Backed by Subsidiary Max Life's Strong Performance

Consolidated Revenues1 at Rs. 5,517 Cr. in Q1 FY21, grew 40%, Consolidated PAT1 at Rs. 182 Cr., grew 235%
Max Life Results Highlights (Q1 FY21):
Individual APE: Rs. 660 Cr., gained market share by 217 bps to 11%
Value of New Business stood at Rs. 113 Cr., New Bus... (more)
Share
Max Life to be 70:30 Joint Venture between Max Financial Services and Axis Bank

Deal marks coming together of 3rd largest private bank and 4th largest private life insurer
Strategic transaction to strengthen the franchise and bring long term orientation to the relationship
Axis Bank to own 30% stake in Max Life post transaction closure
M... (more)
Share
Mitsui Sumitomo to Acquire 21.87% Stake in Max Financial Services through a Share Swap

MSI to exchange 20.57% of its equity in Max Life Insurance for the transaction as per its agreement with MFS
MFS gets a right to purchase MSI’s balance Max Life stake at Rs. 85 per share
 
The Board of Max Financial Services Ltd. (MFSL) has approved a ... (more)
Share
Axis Bank to Explore Long-term Strategic Partnership with Max Life

Axis Bank, Max Financial Services Limited (MFS) and its subsidiary Max Life Insurance Company Limited (Max Life) today signed a confidentiality and exclusivity arrangement to explore the possibility of Axis Bank entering into a long-term strategic partnership with Max Life.
 (more)
Share
Max Financial Services’ Subsidiary Max Life’s Embedded Value Crosses Rs. 10,000 Cr. Mark; Max Financial Services Q3FY20 Consolidated Revenue Grows 19% to Rs. 5,366 Cr.

MFS key subsidiary Max Life Insurance 9MFY20 Financial Highlights:
Embedded Value at Rs. 10,077 Cr., grows 22% y-o-y; Operating Return on EV (annualised) at 18.4%
Value of New Business[3] grows 24% to Rs. 576 Cr.
New Business Margin[4] expands by 60 bps to... (more)
Share
Max Financial Services H1FY20 Consolidated Revenue Grows 10% to Rs. 8,635 Cr.; Max Life Reports Strong Growth in Sales, Value of New Business and Margin

 
MFS key subsidiary Max Life Insurance H1FY20 Financial Highlights
Embedded Value grows to Rs. 9,745 Cr., grow 26% y-o-y; Operating Return on EV (annualised) at 18.3%
Value of New Business grows 25% to Rs. 364 Cr.
New Business Margin expands ... (more)
Share
Max Financial Services Embedded Value at Rs. 9,314 Cr., Grows 22% y-o-y

 
MFS key subsidiary Max Life Insurance Q1 FY2020 Financial Highlights
Revenue[1]: Rs. 3,544 Cr.; grows 15%
Embedded Value grows to Rs. 9,314 Cr.; Operating Return on EV: 14.8%
Value of New Business grows 33% to Rs. 134 Cr.; New Business Margi... (more)
Share
Max Financial Services Reports Consolidated Revenues of Rs. 17,538 Cr. in FY2019, Grows 17%; Max Life Embedded Value at Rs. 8,938 Cr., Operating RoEV 22%

Max Life Results Highlights (FY2019):
Value of New Business: Rs. 856 Cr, grew 30%; New Business Margin: 22%
New Business Premium: Rs. 3,950 Cr., grew 22%
Assets Under Management crossed Rs 60,000 Cr.; grew 20% to Rs. 62,798 Cr
 
Max Fi... (more)
Share
Max Financial Services Reports Q3 Consolidated Revenues of Rs. 4,124 Cr., Growing 12%

MFS key subsidiary Max Life Insurance Financial Highlights:
Revenue[1]: Rs. 4,113 Cr.; grows 12%
Embedded Value grows to Rs. 8,254 Cr.; Operating Return on EV: 18.8%
Highest ever Claims Paid Ratio at 98.26% for 2017-18
Value of New Business grows to R... (more)
Share