APE to grow 2%, margins to contract on product mix change

APE to grow 2%, margins to contract on product mix change

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ICICI Prudential Life Insurance on January 17 is expected to reportĀ a mutedĀ 2 percent year-on-year growth in annual premium equivalent (APE) for the October-December 2023 quarter. APE is seen at Rs 1,856 crore, as per a poll of brokerages.
APE is essentially a measure of sales for a life insurer. The muted growth…
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Source: https://www.moneycontrol.com/news/business/markets/icici-pru-life-q3-preview-ape-to-grow-2-margins-to-contract-on-product-mix-change-12059251.html/amp