ICICI Prudential Life Insurance coverage Firm Restricted, integrated within the yr 2000, is a Giant Cap firm (having a market cap of Rs 80345.41 Crore) working in Monetary Companies sector.
The foremost product/income segments of ICICI Prudential Life Insurance coverage Firm Restricted embody quantity transferred from policyholder’s account, curiosity, dividend and lease, revenue on sale/loss/redemption of investments for the yr ended 31-March-2021.
monetary state of affairs
For the quarter ended 31-03-2022, the corporate reported consolidated whole earnings of Rs 13038.14 crore, up 30.55% from earlier quarter whole earnings of Rs 9987.32 crore and down -34.48% from the corresponding quarter final yr 19898.29 Crore Rs. Firm has reported Internet Revenue after Tax of Rs 186.88 Crore in newest quarter.
, Again to suggestion tales
For YTDFY23, IPRU registered 34% YoY progress in RWRP, however that is weaker than non-public sector progress of 70%. On a 3Y foundation, IPRU delivered detrimental 3.5% CAGR in RWRP as in comparison with 14.6% CAGR for personal sector and 11.2% CAGR for business. The detrimental 3-year CAGR has decreased IPRU’s RWRP market share to six.5% in YTDFY23 from 9.9% in YTDFY20. Going ahead, to attain its strategic goal of doubling its FY19 VNB by FY23, IPRU must ship ~15% APE progress in FY23. It has began effectively on a positive foundation but it surely stays to be seen the way it will develop within the coming months after the favorable base impact ends.
Promoters held 73.41 per cent stake within the firm as on 31-March-2022, whereas FIIs held 16.35 per cent, DIIs held 4.74 per cent.
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