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ICICI Prudential Life Insurance crashed over 10 percent on January 18, making its steepest fall in over a year. The stock saw a selloff as the insurer’s October-December 2023 quarter results came way below the Street estimates, along with a sharp fall in margins.
At 10:30am, the stock recouped some losses and…
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(c) Copyright Thomson Reuters 2024
BENGALURU (Reuters) – Shares of India’s ICICI Prudential Life Insurance fell 10% on Thursday as weak demand led to a sharp fall in its new business margins.
The life insurer, which reported third-quarter results the previous day, said its expected profit margin from new policies declined to 26.7% for the nine months to Dec. 31 from 32% a year earlier.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane…
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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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ICICI Prudential Life Insurance Share Price Today : On the last day of trading, the open price of ICICI Prudential Life Insurance was ₹518.5 and the close price was ₹518.6. The stock reached a high of ₹520.2 and a low of ₹513.85 during the day. The market capitalization of the company was ₹74,537.27 crore. The 52-week high and low for the stock were ₹615.55 and ₹380.95 respectively. The BSE volume for the day was 17,638 shares.Disclaimer: This is an AI-generated…
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ICICI Prudential Life Insurance on January 17 is expected to report a muted 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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ICICI Prudential Life Insurance Company Stock Price TodayICICI Prudential Life Insurance Company Share Price Today : ICICI Prudential Life Insurance Company’s stock opened at ₹533.55 and closed at ₹530 on the last day of trading. The stock reached a high of ₹533.55 and a low of ₹520.1 during the day. The market capitalization of the company is ₹75,271.7 crore. The 52-week high and low for the stock are ₹615.55 and ₹380.95 respectively. The stock had a trading volume of…
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ICICI Prudential Life Insurance Company Stock Price TodayICICI Prudential Life Insurance Company Share Price Today : On the last day, ICICI Prudential Life Insurance Company’s stock opened at ₹543.5 and closed at ₹541.5. The stock’s highest price for the day was ₹543.5, while the lowest price was ₹529. The company’s market capitalization is ₹76,322.94 crore. The 52-week high for the stock is ₹615.55, and the 52-week low is ₹380.95. The stock’s trading volume on the…
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ICICI Prudential Life Insurance Company Stock Price TodayICICI Prudential Life Insurance Company Share Price Today : On the last day of trading, ICICI Prudential Life Insurance Company opened at ₹543.85 and closed at ₹541.2. The stock reached a high of ₹546.4 and a low of ₹538.7. The market capitalization of the company is ₹77,943.0 crore. The 52-week high for the stock is ₹615.55 and the 52-week low is ₹380.95. On the BSE, the stock had a volume of 13,735…
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ICICI Prudential Life Insurance Company Stock Price TodayICICI Prudential Life Insurance Company Share Price Today : On the last day of trading for ICICI Prudential Life Insurance Company, the stock opened at ₹544.1 and closed at ₹540.6. The highest price reached during the day was ₹550, while the lowest was ₹538.65. The market capitalization of the company is currently at ₹77,957.4 crore. The stock’s 52-week high is ₹615.55 and the 52-week low is ₹380.95. The BSE volume…
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ICICI Prudential Life Insurance Company Stock Price TodayICICI Prudential Life Insurance Company Share Price Today : On the last day of trading, ICICI Prudential Life Insurance Company’s stock opened at ₹547.85 and closed at ₹542.55. The stock reached a high of ₹548.8 and a low of ₹533.3 during the day. The market capitalization of the company is ₹77,719.79 crore. The 52-week high and low for the stock are ₹615.55 and ₹380.95, respectively. The stock witnessed a trading…
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