CANHLIFE

** Shares of Canara HSBC Life Insurance CANR.NS jump 8% to 148 rupees

** The life insurer posted a 10% y/y rise in Q3 pre-tax profit; PAT inched down as co had availed a tax credit in the year-ago qtr

** Annualised premium equivalent sales, a key metric that calculates the annualised total value of single and recurring premium policies, rose 37%

** Value of New Business, or expected profit from new policies, grew by 60% y/y with VNB margin expanding 210 basis points to 19.7% as of Dec-end

** Motilal Oswal increases APE estimates by 3% and VNB margin estimates by 30bps for FY26, on strong Q3 performance

** Stock is up about 40% since listing in October

(Reporting by Nishit Navin in Bengaluru)

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Jan 21 (Reuters) - Canara HSBC Life Insurance Company Ltd CANR.NS:

• TO RAISE 2.50 BILLION RUPEES VIA NON-CONVERTIBLE DEBENTURES

Source text: ID:nNSE5pTkkb

Further company coverage: CANR.NS

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** India's Canara HSBC Life Insurance Co CANR.NS gains nearly 1% to 143 rupees

** Motilal Oswal initiates coverage on stock with "buy"; PT of 180 rupees, calling it a bank channel-led compounding story

** Brokerage expects co to continue to gain market share as it increases its penetration among Canara Bank customers, scales up cross-selling in the HSBC channel, builds a strong agency channel, and develops relationship with new-age distributors

** With Canara Bank investing significantly in digital tools for customer segmentation, see a strong growth trajectory for CANR going ahead - Motilal Oswal

** Expects co to report a CAGR of 20%/23% in annual premium equivalent/value of new business during FY25-28E; says VNB margins likely to expand by 50bp each year over next two years

** Stock up 34.8% since trading debut in October

(Reporting by Brijesh Patel in Bengaluru)

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Oct 27 (Reuters) - Canara HSBC Life Insurance Company CANR.NS:

• SEPT-QUARTER PAT 408.1 MILLION RUPEES

• SEPT-QUARTER NET PREMIUM INCOME 22.6 BILLION RUPEES

Source text: ID:nBSEZlcSw

Further company coverage: CANR.NS

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