Page 4 - Icici Prudential Life Insurance

ICICI Prudential Life Insurance net profit drops 29% YoY in Dec quarter

Its value of new business (VNB) increased 20 per cent YoY to Rs 618 crore in Q3FY23 compared to Rs 515 crore in the year-ago period

Watch out for these key levels on HDFC Life, ICICI Pru, says Mehul Kothari

According to the technical analyst from Anand Rathi, HDFC Life can jump to Rs 660; while ICICI Prudential Life can rally to Rs 510.

ICICI Prudential Life Insurance's asset under management crosses Rs 2.5 trn

The company commenced operations 22 years ago in December 2000, and had 'assets under management' of approximately Rs 100 crore at the end of FY2001

LIC has edge over private insurers: Gains market share in FY23

Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz

Life insurers' retail protection biz down YoY, seen stabilising going ahead

Max Life bucks trend with 11% YoY growth in retail protection APE in Q2

Growth, moderate valuations positive for ICICI Prudential Life Insurance

Value of new business growth and margins remained strong in Q2

Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance

Nifty's earnings are in high teens and this premium growth merits higher valuations, says Manish Kumar, CIO of ICICI Prudential Life Insurance.

ICICI Pru, 14 insurance firms evaded Rs 824 crore input tax credit

Officials said further investigation revealed that other insurance companies and NBFCs also exploited a similar route to avail of ineligible ITC

We will grow VNB in line with industry after FY23: ICICI Pru Life MD & CEO

'Beyond FY23, our focus will be on the absolute value of VNB, not so much the margins', said Kannan

Supply-side constraints weigh on retail protection biz for life insurers

Protection segment, overall, has witnessed decent growth, mainly because of strong traction in the credit life business, buoyed by disbursement from banks and NBFCs.

ICICI Pru on course to hit new business value of Rs 2,560 crore in FY23

Private insurer ICICI Prudential Life has said it is on course to meet its target of doubling the value of new business to Rs 2,560 crore this fiscal from FY19 levels. The optimism of the management to meet the target it had set for itself in the beginning of FY19, when the Value of its New Business (VNB) stood at Rs 1,328 crore, stems from the much more than anticipated VNB growth clocked in the first quarter at Rs 471 crore, which was 31.7 per cent higher than the year-ago period when it was only Rs 358 crore. VNB is a key profitability metric in the life insurance industry as life insurance is a long-term business unlike general insurance which is a year-long commitment. So, VNB means the future profit of a life policy written now. Higher the VNB margin the better will be the profitability of a company. This is calculated by dividing the VNB by annualised premium equivalent or regular premium plus 10 per cent of the single premium. Having already grown so much in the first quarte

Protection segment to be 22-25% of our product mix: ICICI Pru CEO

This is because this segment is expected to have high demand, given the under-penetration and the pandemic-induced awareness among consumers

Sensex zooms 760 pts, Nifty tops 16,250; IT index up 3%, HDFC Bank dips 1%

CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries

Q1 impact: Mindtree eyeing 23% upside; HDFC Bank faces hurdle, charts show

Shares of Mindtree seem fairly placed and can rally up to 23 per cent, while ACC, HDFC Bank and ICICI Prudential Life need to conquer key levels for a fresh rally to emerge.

Stocks to Watch Today: HDFC Bank, ICICI Pru, Jindal Steel, Spandana, LTTS

Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.

ICICI Pru Life sees profit of Rs 156 cr in Q1 on lower claims, provisions

New business premium of the insurer grew 24.4 per cent to Rs 3,184 crore in the same period

ICICI Pru Life Q1FY23 results: Tracking firm's performance in last 4 qtrs

The jump in net profit was reported on account of robust growth in new business

ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22

ICICI Prudential Life Insurance on Monday announced a record bonus of Rs 969 crore for policyholders in FY2022, 12 per cent higher than the preceding fiscal. This is the company's 16th consecutive annual bonus, and the highest ever to date, ICICI Prudential Life said in a release. All participating policies in force as of March 31, 2022, are eligible to receive this annual bonus, which will be added to the policyholders' benefits. Almost a million participating policyholders will benefit from this, taking them closer to achieving their long-term financial goals, the company said. The insurer said the range of innovative participating products offered by it gives its customers both comfort of capital guarantee and growth in the form of declared bonuses. It also provides financial security to the family by way of a life cover. The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI ...

Life insurers' new business premiums zooms 84% in April, thanks to LIC

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

Trading strategies for SBI Life, ICICI Pru, HDFC Life ahead of LIC IPO

Except for Max Financial Services other insurance related shares seem to be on a weak ground, indicate technical charts.