VNB up 25% YoY to Rs 510 cr, annualised premium equivalent grew 22% to Rs 1,904 cr; Solvency ratio at 178%, slightly above the regulatory norm of 150%
Z3 Partners has already backed startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan
Analysts are more bullish on stocks of private insurers
According to the technical analyst from Anand Rathi, Balkrishna Industries is showing immense strength on the 2-hour chart, while the weekly chart of HDFC Life indicates a sharp up move.
There has been a brisk rally in these stocks, despite a weakness in the broader market
Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.
Company is a steady performer and it is 'comfortably beating' the Sensex's performance, says the top executive.
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
An increase in retention limit means the insurer increases the degree of risk it retains on its balance sheet
In Q3FY22, the company's gross premium income remained healthy with a 27 per cent increase to Rs 12,255 crore, led by traction in renewal premium and new business premium.
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Shares of the major private insurers, HDFC Life and ICICI Prudential are seen testing key support levels currently.
The life insurance industry saw massive disruptions in the initial period of the pandemic
The markets are likely to react to Reliance and ICICI Bank results at the opening bell today
HDFC Life's acquisition of Exide Life Insurance last week has brought back the focus on insurance sector plays. Are they a good bet at the current levels? Here's what charts say
Move will augment the embedded value of HDFC Life by 10%
Former gets exit from a non-core capital-intensive business as well as liquidity; merger synergies for latter likely between 12-15 months
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
ICICI Pru became the third insurance company to cross Rs 1 trillion market cap after HDFC Life and SBI Life.