Max Financial Services reports massive profit growth of Rs 100 crore in Q2 FY26

Max Financial Services reported a strong increase in value of new business (VNB), a measure of profitability for an insurer, during the first half of FY27. VNB rose 21% year on year to ₹1,180 crore.

Profitability measure records year-on-year growth

The rise in VNB indicates that the insurer generated higher value from new business during the period compared with the same period a year earlier. The reported figure puts the company’s first-half VNB at ₹1,180 crore.

VNB is used to assess the profitability of new insurance business. As a result, the 21% increase provides a key measure of the company’s performance in the first half of FY27.

What the update shows

• VNB increased 21% year on year.
• VNB reached ₹1,180 crore in H1 FY27.
• The metric reflects profitability from new insurance business.

The available update focuses on VNB for the first half of FY27. No further financial or operational details were provided.