Press background on Max Financial Services Limited
Company profile
Max Financial Services Limited (MFS), a part of the US$ 3 billion Max Group, is the parent company of Max Life, India’s largest non-bank, private life insurance company.MFSactively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan headquartered global leader in life insurance.
MSI to exchange 20.57% of its equity in Max Life Insurance for the transaction as per its agreement with MFS
MFS gets a right to purchase MSI’s balance Max Life stake at Rs. 85 per share
The Board of Max Financial Services Ltd. (MFSL) has approved a transact... (more)
Mar 04, 2020 19:45 IST
Max Financial Services Limited
Axis Bank, Max Financial Services Limited (MFS) and its subsidiary Max Life Insurance Company Limited (Max Life) today signed a confidentiality and exclusivity arrangement to explore the possibility of Axis Bank entering into a long-term strategic partnership with Max Life.
MFS key subsidiary Max Life Insurance 9MFY20 Financial Highlights:
Embedded Value at Rs. 10,077 Cr., grows 22% y-o-y; Operating Return on EV (annualised) at 18.4%
Value of New Business[3] grows 24% to Rs. 576 Cr.
New Business Margin[4] expands by 60 bps to 21% (more)
Feb 05, 2020 17:32 IST
Max Financial Services Limited
MFS key subsidiary Max Life Insurance H1FY20 Financial Highlights
Embedded Value grows to Rs. 9,745 Cr., grow 26% y-o-y; Operating Return on EV (annualised) at 18.3%
Value of New Business grows 25% to Rs. 364 Cr.
New Business Margin expands by 170 b... (more)
Nov 06, 2019 16:54 IST
Max Financial Services Limited
MFS key subsidiary Max Life Insurance Q1 FY2020 Financial Highlights
Revenue[1]: Rs. 3,544 Cr.; grows 15%
Embedded Value grows to Rs. 9,314 Cr.; Operating Return on EV: 14.8%
Value of New Business grows 33% to Rs. 134 Cr.; New Business Margin expand... (more)
Aug 06, 2019 17:23 IST
Max Financial Services Limited
Max Life Results Highlights (FY2019):
Value of New Business: Rs. 856 Cr, grew 30%; New Business Margin: 22%
New Business Premium: Rs. 3,950 Cr., grew 22%
Assets Under Management crossed Rs 60,000 Cr.; grew 20% to Rs. 62,798 Cr
MFS key subsidiary Max Life Insurance Financial Highlights:
Revenue[1]: Rs. 4,113 Cr.; grows 12%
Embedded Value grows to Rs. 8,254 Cr.; Operating Return on EV: 18.8%
Highest ever Claims Paid Ratio at 98.26% for 2017-18
Value of New Business grows to Rs. 466 C... (more)
Feb 11, 2019 15:17 IST
Max Financial Services Limited
Max Life Insurance Financial Highlights:
Revenues1 in Q2 FY2019: Rs. 4,067 Cr., grew 19%
Embedded Value2: Rs. 8,034 Cr.; Operating Return on EV: 18.5%
Value of New Business3 (H1 FY2019): Rs. 325 Cr., grew 41%
New Business Margin3: 22.9%
... (more)
Nov 14, 2018 16:18 IST
Max Financial Services Limited
Max Life Q1 FY2019 Highlights
Revenues[1]: Rs. 3,085 Cr., grew 20%
Embedded Value[2]: Rs. 7,645 Cr., Operating Return on EV: 15%
Value of New Business[3]: Rs. 130 Cr., New Business Margin3: 23.5%
At its meeting earlier today, the Board of Max Financial Services (MFS) (BSE: 500271 | NSE: MFSL) appointed Mr. Analjit Singh, Founder and Chairman Emeritus of the Max Group as the non-executive Chairman of MFS.
Max Financial Services is the listed holding company for Max Lif... (more)
Jul 23, 2018 16:42 IST
Max Financial Services Limited
