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.
Max Life Results Highlights 9MFY24:
Individual Adjusted First Year Premium at Rs 4,285 Crore, Up 19%, Proprietary channels grew 44%
Gross Written Premium at Rs 18,793 Crore, Up 16%
Embedded Value at Rs 18,709 Crore; Operating RoEV at ~18.6%
Value of New... (more)
Feb 07, 2024 10:10 IST
Max Financial Services Limited
Max Life Results Highlights Q1FY24:
New Business Premium: Rs. 1857 Crore, Up 25%, Proprietary channels grew 23%
Gross Written Premium: Rs. 4,871 Crore, Up 19%.
Embedded Value at Rs. 16,938 Crore; Operating RoEV at 14.0%.
New Business Margin (NBM) at 22.2%, Up... (more)
Aug 10, 2023 11:22 IST
Max Financial Services Limited
Max Life Results Highlights (FY23):
New Business Premium: Rs. 8,960 Crore, Up 13%, Proprietary channels grew 43%
Gross Premium: Rs. 25,342 crore, Up 13%
Embedded Value at Rs. 16,263 crore; Operating RoEV of 22.1%
New Business Margin (NBM) at 31.2%, Up 380 bps... (more)
May 13, 2023 11:00 IST
Max Financial Services Limited
Results Highlights 9MFY23:
Max Financial completed acquisition of 5.17% stake of Max Life from MSI in Dec’22, post-acquisition Max Financial shareholding in Max Life increased to 87%
Agreements amended with Axis Bank for the right to acquire balance 7% stake... (more)
Jan 31, 2023 19:43 IST
Max Financial Services Limited
Max Life Results Highlights H1FY23
New Business Premium*: Rs. 3,378 Crore, Up 9%, Proprietary channels grew 23%
Gross Written Premium: Rs. 9,904 Crore, Up 12%.
Embedded Value at Rs. 14,704 Crore; Operating RoEV at 15.7%.
New Business Margin (NB... (more)
Oct 19, 2022 19:16 IST
Max Financial Services Limited
Max Life Results Highlights Q1(FY23):
New Business Premiums (on APE basis): Rs. 1,009 Crore, Up 15%.
Gross Written Premium: Rs. 4,103 Crore, Up 18%.
Embedded Value at Rs. 14,152 Crore; Operating RoEV at 13.5%.
Value of New Business at Rs. 213 Crore, Up 23%.(more)
Aug 01, 2022 18:22 IST
Max Financial Services Limited
Max Life Results Highlights (9MFY22)
Total Assets Under Management (AUM): Rs. 102,471 Cr., Up 21%
Gross Written Premium: Rs. 14,415 Cr., Up 21%
Embedded Value at Rs. 13,412 Cr.; Operating RoEV at 19.2%**
Value of New Business at Rs. 942 Cr., Up 20%
&n... (more)
Jan 28, 2022 19:35 IST
Max Financial Services Limited
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%
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 Business Ma... (more)
Jul 30, 2020 16:33 IST
Max Financial Services Limited
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
Max Life ... (more)
Apr 28, 2020 10:53 IST
Max Financial Services Limited
