Reports 19% YoY growth in Individual Adjusted FYP - Max Financial Services Ltd

Code BSE: 500271 NSE:

Financial Year 2026 (“FY’26”) Highlights: a) Max Financial Services Limited reports 17% growth in consolidated revenue excluding investment income b) Axis Max Life’s Private market share increases by 56 bps to 10.4% c) Individual Adjusted First Year Premium at ₹9,885 crores, grew 19% YoY d) Gross Written Premium: ₹38,877 crores, up 17% Year-on-Year (YoY) e) Measure of profitability – Value of New Business (VNB) at ₹2,647 crores with a YoY growth of 26% f) New business margin improved to 25.2%; Total APE growth of 20% achieved g) Embedded Value at ₹28,871 crores, grew 15% with an Operating RoEV of 18.7% h) Individual New Business Sum Assured grew by 42% i) Assets Under Management (AUM) at ₹1.89 lakh crores, up by 8% YoY