Life & Health reinsurance business emerged as an increasingly important earnings driver in the first half, as the group posted higher profits and appointed a new division chief.
A larger contribution from non-par savings products, combined with strong protection growth, helped Canara HSBC Life deliver stronger profitability in Q1 FY2027.
The newly minted reinsurer generated ₹2.66bn in gross premiums in its first full quarter, highlighting early traction for Jio Financial's insurance partnership with Allianz.