Max Financial Surges in FY'26 with Strong Growth Metrics
Max Financial Services Limited achieved a 17% increase in consolidated revenue for FY'26 with significant growth across its operations. Axis Max Life's market share rose to 10.4%, with new business margins improving to 25.2%. Assets Under Management reached ₹1.89 lakh crores, marking an 8% year-on-year growth.
Max Financial Services Limited has showcased a robust performance in FY'26, marking a 17% rise in consolidated revenue, exclusive of investment income, which now stands at ₹38,039 crores. Including investment income, consolidated revenue reached ₹47,696 crores with a profit after tax (PAT) of ₹106 crores.
Axis Max Life Insurance Limited, the insurance arm of Max Financial, reported impressive new business growth, with a 19% year-on-year increase in individual adjusted first year premium, accumulating to ₹9,885 crores. The company's market share in the private sector climbed by 56 basis points to 10.4%.
Further financial highlights include a 26% boost in the value of new business and a noticeable enhancement in new business margins at 25.2%. The assets under management for Axis Max Life expanded by 8% to ₹1.89 lakh crores, underscoring the company's strong fiscal health and strategic expansion in FY'26.
(With inputs from agencies.)
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