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The market has been quick to spot the improvement at ICICI Prudential Life Insurance Company (IPru) in recent months, given the stock’s over 30 per cent gains in 2017. The good set of numbers for the March 2017 quarter (Q4) on all fronts — growth as well as profitability, lend further comfort. And if analysts are to be believed, there is more steam left in the stock for long-term investors.
Annualised premium equivalent or APE, which reflects an insurance company’s premium collections, grew at a strong 31 per cent in Q4 on the back of rising market share. Already the
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