This is to inform that the Transcript of Earning Conference Call of the Corporation with Analyst/Investors is attached.

AI summary - Q1 FY27 profit after tax grew 22.81% y-y to 13,492 Cr; total premium income up 6.75% y-y to 127,250 Cr - VNB margin improved 750 bps y-y to 22.9%; VNB grew 61.32% y-y to 3,136 Cr - Individual new business premium grew 14.48% y-y; group business premium up 8.61% y-y - Assets under management increased 4.1% y-y to 59.39 lakh Cr; solvency ratio improved to 2.42 - Non-par individual APE share rose to 32.49%; focus on margin-accretive non-par savings and protection - Bancassurance and alternate channels grew 5.25% y-y; agent count declined 2.73% due to weeding out non-serious agents - Expense ratio increased 16 bps y-y to 10.63% due to GST input tax credit loss - Management expects margins to improve further in FY27; ULIP sales impacted by market volatility but expected to recover - Protection business growing strongly, driven mainly by individual agents; bancassurance impacted by external factors but expected to improve - Solvency ratio pre-dividend at 2.42, expected to support business growth and regulatory changes - Average ticket size increased due to higher minimum sum assured and annuity sales; digital initiatives launched to enhance customer and agent experience