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ICICI Prudential Life Insurance Company Ltd share Price

Company details

6M Return 27.61%
1Y Return 9.60%
Mkt Cap.(Cr) 80,410.58
Volume 1,100,907
Div Yield 0.11%
OI Chg %
Volume 1,100,907

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ICICI Prudential Life Insurance Company announced Q1FY24 results:

  • The Value of New Business (VNB), which represents the present value of future profits, stood at Rs 4.38 billion with a VNB margin of 30.0% for Q1FY24.
  • ICICI Prudential Life Insurance has registered a 32.7% growth in its Profit after Tax (PAT) to Rs 2.07 billion for Q1FY24
  • A comprehensive suite of products coupled with a need-based selling approach has resulted in the New Business Sum Assured, an indicator of the life cover opted for by customers, growing by 8.8% to Rs 2,403.04 billion for Q1FY24.
  • Retail Protection APE grew by 61.8% to Rs 1.10 billion
  • The total APE for the Company stood at Rs 14.61 billion with minimal concentration risk from any single distributor
  • 13th month Persistency ratio improved to 86.4%
  • The Company’s robust risk management framework has enabled it to have a record of zero Non-Performing Assets since inception.
  • Assets Under Management (AUM) grew by 15.8% YoY to Rs 2,664.20 billion at June 30, 2023

Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “Our very purpose of existence is to provide financial security to our customers and their families. We believe we are trustees of the life savings entrusted to us by our customers to achieve their protection, retirement, health and long-term savings goals.

In Q1FY24, the VNB stood at Rs 4.38 billion, with a margin of 30%, while PAT grew 33% year-on-year to Rs 2.07 billion. With customer-centricity at the core, we will continue to focus on growing the absolute VNB, through the 4P strategy comprising Premium growth, Protection focus, Persistency improvement and Productivity enhancement.

Through Q1FY24, we have observed an improving trend in business, with double-digit growth in APE for the month of June 2023. Our efforts towards expanding the protection business are visible in the 62% year-on-year growth in the retail protection segment and this has led to the overall protection business contributing nearly a quarter of the total APE. Further, our well-diversified distribution network has ensured we have minimal concentration risk from any single distributor. Our persistency across cohorts has further improved, reflecting our need-based selling approach, with the 13th-month persistency at 86.4%.

To improve our performance across the 4P strategic elements, we have institutionalised a 4D framework comprising Data analytics, Diversified propositions, Digitalisation and Depth in Partnerships, with a focus on developing a quality business in a risk-calibrated manner. This framework will ensure products are aligned with customer needs, are designed to meet those needs effectively, are developed with the highest quality standards, and are delivered through the most appropriate channels. Also, this framework will help us provide simplified and hassle-free processes to our customers across the product life cycle.”

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

ICICI Prudential Life Insurance Company Ltd Stocks COMPARISION


Equity Capital: 10,089.33 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
ICICI Prudential Life Insurance Company Limited - ESOP/ESOS/ESPS

Oct 03, 2023 l NSE Announcement

ICICI Prudential Life Insurance Company receives affirmation in credit rating for NCDs

Sep 29, 2023 l BSE Announcement

ICICI Prudential Life Insurance Company Limited - Shareholders meeting

Sep 29, 2023 l NSE Announcement

Date Action Type Ratio
Jul 13, 2023 Dividend 6
Jun 16, 2022 Dividend 5.5
Jun 16, 2021 Dividend 20

ICICI Prudential Life Insurance Company Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • ICICI Prudential Life Insurance Company Limited is engaged in the Insurance sector. The company has its market capitalization worth INR 64,877.32 crore as of 16th April 2021. The company was incorporated in 2001. The company has reported quarterly revenue of INR 623 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 540133 and on the National Stock Exchange (NSE) with the symbol ICICIPRULI. The company is headquartered in Mumbai. It was established as a joint venture between ICICI Bank and Prudential plc and deals in life insurance and asset management. ICICI Prudential is one of the first companies in private sector life insurance, which started their operation in the Fiscal Year 2001. Its holding company undertakes in the business of providing life insurance, pensions, and health insurance to individuals and groups. In 2009-10, the group formed ICICI Prudential Pension Funds Management Company Ltd., a wholly-owned subsidiary that is registered as a Fund Manager with the Pension Fund Regulatory and Development Authority of India to engage in pension fund-related activities. The firm was the first private life insurance agency to cross one lakh crore in assets under administration in 2014-15. In 2016, the company became the first pureplay life insurance company in India to be listed on the Indian stock exchange. In July 2017, the company received an order from the IRDIA, which directed it to take over the assets and policy holder's liabilities of Sahara Life Insurance. This was not a company takeover, but rather a shift of Sahara Life Insurance customers to Prudential Life Insurance. In November 2017, the company revealed that it had implemented the Electronic National Automated Clearing House (e-NACH) Operation of the National Payment Corporation of India, making it the first life insurance company in India to do so. The e-NACH programme is the most technologically advanced and paperless method of making daily payments. The company has an upper edge over its competitors because of its Zero Debt as of March 2020. The group, which has been a laggard among private life insurers, posted a 23 per cent year-over-year increase in new business premium for the March quarter, a significant improvement over the previous quarter. The insurer's APE increased by 23%, snapping a three-quarter losing streak. The insurer was able to bolster its delivery network by forming alliances with 110 new partners.

Registered Address

ICICI Prulife Tower Prabhadevi, 1089 Appasaheb Marathe Marg, Mumbai, Maharashtra, 400025

Tel : 91-22-40391600
Email : investor:iciciprulife.com
Website : http://www.iciciprulife.com

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540133
Book Closure Date (Month) :
BSE Group : A
ISIN : INE726G01019

FAQ’s on ICICI Prudential Life Insurance Company Ltd Shares

You can buy ICICI Prudential Life Insurance Company Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy ICICI Prudential Life Insurance Company Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:57 PM the closing price of ICICI Prudential Life Insurance Company Ltd was ₹ 558.85.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:57 PM, the market cap of ICICI Prudential Life Insurance Company Ltd stood at ₹ 80,410.58.

The latest PE ratio of ICICI Prudential Life Insurance Company Ltd as of Oct 03, 2023 03:57 PM is 93.2

The latest PB ratio of ICICI Prudential Life Insurance Company Ltd as of Oct 03, 2023 03:57 PM is 0.13

The 52-week high of ICICI Prudential Life Insurance Company Ltd is ₹ 615.60 while the 52-week low is ₹ 380.70

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