Canara HSBC Life Ins

** Canara HSBC Life Insurance Company CANR.NS shares rise 4.2% to 156.03 rupees, an all-time high

** Quarterly net premium income rises 23.8% from a year earlier; Profit after tax jumps 20.2%

** Brokerage Systematix Institutional Equities says VNB margin for the quarter stood at 21.1%, improving by 160bps YoY, driven by better product mix and benefit from a favorable yield curve

** Going forward, management expects GST-related impact on margins to moderate over remaining quarters of FY27 -- brokerage

** Systematix maintains "buy" rating for the company with a price target of 185 rupees, representing 23.5% upside to the stock's last close

** Stock trades at forward 12-months PE of 63.48 vs industry median of 34.98

** All 9 brokerages covering the stock rate it "buy" or higher; their median PT is 190 rupees

** YTD, CANR up 5.14%

(Reporting by Abhinav Parmar in Bengaluru)

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July 20 (Reuters) - Canara HSBC Life Insurance Company Ltd CANR.NS:

• CANARA HSBC LIFE INSURANCE COMPANY LTD JUNE-QUARTER PAT 281.4 MILLION RUPEES

• CANARA HSBC LIFE INSURANCE COMPANY LTD JUNE-QUARTER NET PREMIUM INCOME 20.48 BILLION RUPEES

Source text: ID:nnAZN4T8VL8

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** Shares of Canara HSBC Life Insurance Co CANR.NS rise as much as 8.9% to 148.4 rupees; last up 7.7%, trimming YTD losses to ~8%

** Life insurer reports 8.2% y/y rise in Q4 PAT to 347.3 mln rupees ($3.7 mln); FY VNB margin at 22.4% vs 19.1% a year ago

** Asian Markets Securities says Q4 margin expansion was driven by higher business volumes, favorable product mix, positive changes in economic assumptions

** CANR continued to consistently outperform industry in terms of annual premium equivalent growth, supported by robust VNB margin growth - BOBCAPS

** Adds, with its strategy of above-industry profitable growth, increasing share of protection, balanced product mix, gradual channel diversification, co well placed for sustained growth

** Notes absence of GST input tax credit had a negative impact of 1.9% on VNB margin in FY26; estimates margins at 22.6% for FY27E

($1 = 94.7800 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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April 28 (Reuters) - Canara HSBC Life Insurance Company Ltd CANR.NS:

• CANARA HSBC LIFE INSURANCE COMPANY MARCH-QUARTER PAT 347.3 MILLION RUPEES

• CANARA HSBC LIFE INSURANCE COMPANY MARCH-QUARTER NET PREMIUM INCOME 30.61 BILLION RUPEES

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** Shares of India's SBI Life Insurance SBIL.NS down 4.01% to 1,903 rupees

** Department of Financial Services Secretary is pushing for banks to avoid exclusive tie-ups with insurers and sell third-party products, according ET Now

** Adds, bank-promoted insurers should remain neutral; PSU banks told no incentives for selling insurance products

** Brokerage Macquarie notes SBIL derives over 60% of business from Banca channel, substantial part of that is from SBI which doesn't follow an open architecture model

** Says any move to mandate open architecture unlikely in near term as it requires regulatory action from IRDAI

** Shares of Canara HSBC Life Insurance CANR.NS fell 4.62%, ICICI Prudential Life Insurance ICIR.NS down 1.53%, and HDFC Life Insurance HDFL.NS up 0.75%

** YTD stock down 2.58% vs Nifty 50 .NSEI down 6.07%

(Reporting by Devika Nair in Bengaluru)

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March 31 (Reuters) - Canara HSBC Life Insurance Company Ltd CANR.NS:

• CANARA HSBC LIFE INSURANCE: GOT TAX ORDER FOR DEMAND 48 MILLION RUPEES

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** 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:

• DEC-QUARTER PAT 276.5 MILLION RUPEES

• DEC-QUARTER NET PREMIUM INCOME 28.67 BILLION RUPEES

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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

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