In Q4 FY24, ICICI Prudential Life Insurance Ltd. reported 9.6% YoY growth in annual premium equivalent to Rs 36.16 billion. The protection and ex-unit linked insurance plan individual savings segments declined YoY by 4.6% and 19.9%, respectively. ULIPs grew 77% YoY. Value of new business declined 26% YoY to Rs 7.8 billion (19% miss), due to a sharp correction in margins to 21.5% (down 140 bp QoQ) versus our estimate of 26%. In FY24, APE stood at Rs 90.5 billion (4.7% YoY) and VNB at Rs 22.3…
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Category: ICICI Prudential Life
Stocks to Watch today: Bharti Airtel, Power Grid, ICICI Prudential Life & more | Markets News
Stocks in news on April 23: Dr Reddy’s Laboratories, Hinduja, Bharti Airtel, Power Grid, ICICI Prudential Life, Bank of Baroda, Canara Bank, Bandhan Bank, Manappuram Finance, Union Bank of India
Stocks to watch on April 23, 2024 (Pic: News9live)
Stocks in focus on April 23, 2204: Dr Reddy’s Laboratories, Hinduja, Bharti Airtel, Power Grid, ICICI Prudential Life, Bank of Baroda, Canara Bank,…
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ICICI Prudential stocks: Buy ICICI Prudential Life Insurance Company, target price Rs 700: Motilal Oswal
Motilal Oswal has buy call on ICICI Prudential Life Insurance Company with a target price of Rs 700. The current market price of ICICI Prudential Life Insurance Company Ltd. is Rs 570.1. ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85550.99 Crore) operating in Financial Services sector. ICICI Prudential Life Insurance Company Ltd. key Products/Revenue Segments include Premiums Earned and Other Operating Revenue…
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ICICI Prudential Life Shares Fall 7% On Disappointing Q4 Results; Buy, Sell Or Hold?
Shares of ICICI Prudential Life Insurance Company Ltd plunged 7 per cent in Wednesday’s trade on less-than-expected March quarter results. ICICI Prudential Life Insurance Company reported a net profit of Rs 174 crore for the fourth quarter of FY24, falling 26 per cent from Rs 235 crore in the year-ago period. The company’s net premium income in Q4FY24 rose 17 per cent to Rs 14,788 crore from Rs 12,629 crore, YoY.The Value of New Business (VNB) of the company declined 26.44 per cent…
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ICICI Prudential Life Q4 Review
ICICI Prudential Life Insurance Company Ltd. clocked muted annual premium equivalent growth (+5% YoY) and a 20% YoY VNB de-growth. The steep collapse in VNBM to 24.6% (-738 basis points YoY) was driven by inferior unit economics from ICICI Life’s recalibration of its product design during Q3 FY24, and a ULIP-dominated mix. ICICI Prudential’s investments in channel diversification helped offset de-growth in the proprietary banca channel (-4% YoY). We believe that ICICI Prudential’s…
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HUL, LTIMindtree, Axis Bank, Tata Consumer, ICICI Prudential
Tata Consumer Products Ltd. will be in focus on Wednesday after it reported a 22.53% decline in net profit and an 8.51% jump in revenue. The stocks of ICICI Prudential Life Insurance Co. and Multi Commodity Exchange of India Ltd. will also be in focus.In addition, Axis Bank Ltd., Hindustan Unilever Ltd., and LTIMindtree Ltd. will be in the spotlight as it announces its quarterly earnings.Mahindra and Mahindra Financial Services Ltd. on Tuesday approved raising of borrowing limit to Rs 1.3…
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India’s ICICI Prudential reports narrower new business margin for FY 2024
BENGALURU (Reuters) – India’s ICICI Prudential Life Insurance Company reported a lower new business margin on Tuesday, hurt by persistent decline in demand for high-value policies and as customer preference shifted towards low-margin products.
Value for new business (VNB), the expected profit from new policies, fell 19.5% to 22.27 billion rupees ($267 million) for the year ended March 31, dragging the VNB margin to 24.6% from 32% a year earlier.
Life insurers…
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ICICI Pru Life Share Price: Share price of ICICI Pru Life jumps as Sensex gains 141.0 points
Share price of ICICI Prudential Life Insurance Company Ltd. gained 1.94 per cent to Rs 591.1 at 01:28PM (IST) in Tuesday’s trade. The stock hit a high of Rs 591.3 and low of Rs 576.0 so far during the session. The stock had closed at Rs 579.85 in the previous session. The counter had a total traded volume of 01:28PM shares so far with a turnover of Rs 1.03 crore on BSE. The stock traded at a price-to-earnings multiple of 92.66 and a price-to-book ratio of 6.23. A higher P/E ratio shows…
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Q4FY24 Results LIVE Updates: Tata Consumer Products, ICICI Prudential Life Insurance, and more to post Q4 earnings today – Industry News
Key Q4 Results Live Updates: With the likes of Wipro, Infosys, TCS, HDFC Bank, Jio Financial, Reliance Industries, already having released their earnings for the quarter ended March 31, 2024, the Q4 earnings season is now picking up pace. Investors are today keen on the performance of players like Tata Consumer Products, ICICI Prudential Life Insurance Company, Tata Elxsi, Mahindra & Mahindra Financial Services, Cyient DLM, Jindal Hotels, among others. Meanwhile, the street is also keeping a…
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Q4 results today: Tata Consumer Products, ICICI Prudential Life among 16 companies to post Q4 earnings on April 23
Q4 Results Today: A total of 16 companies are scheduled to release their financial results for the fourth quarter of FY24 (Q4 FY24) today, April 23 (Tuesday).
Companies to post Q4 results todayTata Consumer Products Ltd, ICICI Prudential Life Insurance Comp Ltd, Tata Elxsi Ltd, Mahindra & Mahindra…
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