ICICI Prudential Life Insurance Co.’s third quarter profit increased 2% year-on-year, even as its of new business declined 29%.The private insurer’s net profit stood at Rs 227 crore in the quarter ended December, according to an exchange filing on Wednesday. Sequentially, the bottom line contracted 7%. The firm’s net premium rose 5% year-on-year to Rs 9,929 crore.ICICI Prudential Q3 FY24 Highlights (YoY)Value of new business—the present of the future profit associated with new business…
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Profit Up 2%, New Business Margin Falls By 11%
