Financial Statement Analysis

Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Standardized
Original:2017 A Original:2018 A Original:2019 A Original:2020 A Original:2021 A
For the period ending 2017-3-31 2018-3-31 2019-3-31 2020-3-31 2021-3-31
Assets
+ Total Investments 379,708.00 494,232.26 622,400.48 733,726.87 207,705.58
+ Fixed Income-Trading/AFS & ST Inv 379,229.40 494,044.86 621,604.57 730,736.35 199,224.59
+ Loans & Mortgages 478.60 187.39 795.91 2,990.51 8,480.98
+ Cash & Near Cash Items 7,973.80 11,104.96 12,444.50 6,907.45 10,992.58
+ Net Fixed Assets 3,105.40 2,894.78 2,903.85 2,954.95 2,993.31
+ Other Assets 560,178.80 596,596.21 662,409.59 578,649.23 1,574,721.04
Total Assets 950,966.00 1,104,828.21 1,300,158.43 1,322,238.49 1,796,412.50
Product/Brand Segments 1,104,828.20 1,300,158.40 1,322,238.60 1,796,412.50
Life Insurance Business 1,008,585.70 1,189,412.70 1,200,081.00 1,634,480.20
Unit Linked 573,424.70 634,792.20 542,944.60 748,078.40
Individual Life 432,562.30 494,036.50 422,882.80 612,367.70
Individual Pension 87,882.90 84,725.50 61,486.30 65,464.20
Group Life 43,698.80 46,626.60 49,889.50 60,122.60
Group Pension 9,280.70 9,403.60 8,686.00 10,123.90
Non Participating 162,740.00 247,427.00 349,271.80 513,934.10
Individual & Group Life 78,586.30 112,601.30 165,037.30 254,215.60
Annuity fund 23,549.30 49,672.30 77,771.50 119,147.20
Individual & Group Pension 25,586.60 33,416.50 40,909.60 61,106.60
Pension Group Variable 18,360.50 26,694.80 35,451.00 45,989.80
Life Group Variable 16,224.40 24,493.10 29,533.10 32,864.80
Health fund 432.90 549.00 569.30 610.10
Participating 272,420.90 307,193.50 307,864.60 372,467.70
Individual & Group Life 249,043.40 281,212.10 281,222.30 342,782.40
Individual & Group Pension 23,377.50 25,981.40 26,642.30 29,685.30
Reconcilation 93,225.40 106,887.90 117,170.80 161,932.30
Unallocated 3,017.10 3,857.80 4,986.80

Liabilities & Shareholders' Equity

+ Life Policy Benefits 327,808.40 429,521.88 547,739.75 653,621.86 881,313.30
+ Total Insurance Reserves 327,808.40 429,521.88 547,739.75 653,621.86 881,313.30
+ Other Short-Term Liabilities 38,221.80 46,507.83 51,188.40 49,899.32 65,200.50
+ Long-Term Borrowings 0.00 0.00 0.00 0.00 6,000.00
+ Other Long-Term Liabilities 538,004.90 571,853.93 633,774.15 541,820.76 747,595.00
+ Funds for Future Appropriations 8,667.80 9,591.96 11,030.08 8,830.34 9,905.80
Total Liabilities 912,702.90 1,057,475.60 1,243,732.37 1,254,172.28 1,710,014.60
Product/Brand Segments 1,057,475.50 1,243,732.40 1,254,172.40 1,710,014.60
Life Insurance Business 1,004,638.60 1,157,241.10 1,203,359.30 1,612,731.20
Unit Linked 575,197.00 637,027.30 545,587.30 750,773.60
Individual Life 434,342.20 496,278.60 425,526.90 615,065.50

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the
(“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and
their affiliates do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

Bloomberg ® 11/21/2021 08:45:08

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 Financial Statement Analysis
Individual Pension 87,882.60 84,725.50 61,486.50 65,465.10
Group Life 43,691.50 46,619.60 49,887.90 60,119.00
Group Pension 9,280.70 9,403.60 8,686.00 10,124.00
Non Participating 162,314.40 223,121.90 348,135.60 511,368.10
Individual & Group Life 78,327.30 112,324.60 164,311.50 252,844.40
Annuity fund 23,628.70 49,848.70 77,808.90 118,416.50
Individual & Group Pension 25,567.50 33,388.70 40,808.10 60,993.30
Pension Group Variable 18,247.90 2,658.10 35,285.40 45,822.40
Life Group Variable 16,113.60 24,356.20 29,336.40 32,668.10
Health fund 429.40 545.60 585.30 623.40
Participating 267,127.10 297,091.90 309,636.40 350,589.50
Individual & Group Life 244,831.00 272,935.30 283,263.50 323,344.00
Individual & Group Pension 22,296.10 24,156.60 26,372.90 27,245.50

This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the
(“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and
their affiliates do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

Bloomberg ® 11/21/2021 08:45:08

2
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data
Original:2017 A Original:2018 A Original:2019 A Original:2020 A Original:2021 A
For the period ending 2017-3-31 2018-3-31 2019-3-31 2020-3-31 2021-3-31
Reconcilation 52,836.90 86,491.30 50,813.10 97,283.40
+ Total Preferred Equity 0.00 0.00 0.00 0.00 0.00
+ Minority Interest 0.00 0.00 0.00 0.00
+ Policyholders' Equity 0.00 0.00 0.00 0.00
+ Share Capital & APIC 19,984.80 20,126.27 23,846.29 24,225.99 20,229.10
+ Retained Earnings & Other Equity 18,278.30 27,226.33 32,579.76 43,840.22 66,168.80
Total Equity 38,263.10 47,352.60 56,426.05 68,066.21 86,397.90
Total Liabilities & Equity 950,966.00 1,104,828.21 1,300,158.43 1,322,238.49 1,796,412.50
 Financial Statement Analysis
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Investments Fixed Income-Trading/AFS & ST Inv

800000 800000

600000 600000

400000 400000

200000 200000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Loans & Mortgages Cash & Near Cash Items

10000 14000

12000
8000

10000

6000
8000

6000
4000

4000

2000
2000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
This report may not be modified or altered in any way. The BLOOMBERG PROFESSIONAL service and BLOOMBERG Data are owned and distributed locally by Bloomberg Finance LP (“BFLP”) and its subsidiaries in all jurisdictions other than Argentina, Bermuda, China, India, Japan and Korea (the
(“BFLP Countries”). BFLP is a wholly-owned subsidiary of Bloomberg LP (“BLP”). BLP provides BFLP with all the global marketing and operational support and service for the Services and distributes the Services either directly or through a non-BFLP subsidiary in the BLP Countries. BFLP, BLP and
their affiliates do not provide investment advice, and nothing herein shall constitute an offer of financial instruments by BFLP, BLP or their affiliates.

Bloomberg ® Standardized 11/21/2021 08:45:08

3
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Net Fixed Assets Other Assets

3500 2000000

3000

1500000
2500

2000

1000000
1500

1000
500000

500

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Assets Total Assets: Product/Brand Segments

2000000 2000000

1500000 1500000

1000000 1000000

500000 500000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Assets: Life Insurance Business Total Assets: Unit Linked

2000000 800000

1500000 600000

1000000 400000

500000 200000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Assets: Individual Life Total Assets: Individual Pension

800000 100000

80000
600000

60000

400000

40000

200000
20000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Assets: Group Life Total Assets: Group Pension

80000 12000

10000

60000

8000

40000 6000

4000

20000

2000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Assets: Non Participating Total Assets: Individual & Group Life

600000 300000

250000

400000 200000

150000

200000 100000

50000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Assets: Annuity fund Total Assets: Individual & Group Pension

120000 80000

100000

60000
80000

60000 40000

40000

20000
20000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Assets: Pension Group Variable Total Assets: Life Group Variable

50000 35000

30000
40000

25000

30000
20000

15000
20000

10000

10000
5000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Assets: Health fund Total Assets: Participating

800 400000

600 300000

400 200000

200 100000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Assets: Individual & Group Life Total Assets: Individual & Group Pension

350000 30000

300000
25000

250000

20000
200000

15000
150000

100000 10000

50000 5000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Assets: Reconcilation Total Assets: Unallocated

200000 5000

4000
150000

3000

100000

2000

50000
1000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Life Policy Benefits Total Insurance Reserves

1000000 1000000

800000 800000

600000 600000

400000 400000

200000 200000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Other Short-Term Liabilities Long-Term Borrowings

80000 8000

60000 6000

40000 4000

20000 2000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Other Long-Term Liabilities Funds for Future Appropriations

800000 12000

10000

600000

8000

400000 6000

4000

200000

2000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Liabilities Total Liabilities: Product/Brand Segments

2000000 2000000

1500000 1500000

1000000 1000000

500000 500000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Liabilities: Life Insurance Business Total Liabilities: Unit Linked

2000000 800000

1500000 600000

1000000 400000

500000 200000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Liabilities: Individual Life Total Liabilities: Individual Pension

800000 100000

80000
600000

60000

400000

40000

200000
20000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Liabilities: Group Life Total Liabilities: Group Pension

80000 12000

10000

60000

8000

40000 6000

4000

20000

2000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Liabilities: Non Participating Total Liabilities: Individual & Group Life

600000 300000

250000

400000 200000

150000

200000 100000

50000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Liabilities: Annuity fund Total Liabilities: Individual & Group Pension

120000 80000

100000

60000
80000

60000 40000

40000

20000
20000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Liabilities: Pension Group Variable Total Liabilities: Life Group Variable

50000 35000

30000
40000

25000

30000
20000

15000
20000

10000

10000
5000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Liabilities: Health fund Total Liabilities: Participating

800 400000

600 300000

400 200000

200 100000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Liabilities: Individual & Group Life Total Liabilities: Individual & Group Pension

350000 30000

300000
25000

250000

20000
200000

15000
150000

100000 10000

50000 5000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Total Liabilities: Reconcilation Total Preferred Equity

100000

80000

60000

40000

20000

0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Minority Interest Policyholders' Equity

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Share Capital & APIC Retained Earnings & Other Equity

25000 80000

20000
60000

15000

40000
10000

20000
5000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021
Ticker: HDFCLIFE IN Equity Periodicity: Annuals Currency: INR Note: Years shown on the report are Fiscal Years Company: HDFC Life Insurance Co Ltd
Filing: Most Recent Consolidation Basis: Consolidated Data

Total Equity Total Liabilities & Equity

100000 2000000

80000
1500000

60000

1000000
40000

500000
20000

0 0
FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021