ICICI Prudential Life Insurance Company standalone net profit declines 31.33% in the March 2020 quarter

Sales rise 4.16% to Rs 10475.12 crore

Net profit of ICICI Prudential Life Insurance Company declined 31.33% to Rs 179.49 crore in the quarter ended March 2020 as against Rs 261.37 crore during the previous quarter ended March 2019. Sales rose 4.16% to Rs 10475.12 crore in the quarter ended March 2020 as against Rs 10056.32 crore during the previous quarter ended March 2019.

For the full year,net profit declined 6.30% to Rs 1068.75 crore in the year ended March 2020 as against Rs 1140.65 crore during the previous year ended March 2019. Sales rose 7.52% to Rs 32878.96 crore in the year ended March 2020 as against Rs 30578.29 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales10475.1210056.32 4 32878.9630578.29 8 OPM %-5.61-0.84 --1.152.16 - PBDT228.87303.37 -25 1200.181276.14 -6 PBT228.87303.37 -25 1200.181276.14 -6 NP179.49261.37 -31 1068.751140.65 -6

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