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ICICI Prudential Life Insurance Company Ltd share Price Today

Company details

594.00
622.00
463.45
640.85
6M Return 13.15%
1Y Return 20.89%
Mkt Cap.(Cr) 88,410.60
Volume 2,947,635
Div Yield 0.10%
OI
-
OI Chg %
-
Volume 2,947,635

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ICICI Prudential Life Insurance Company announced FY24 results:

  • Profit After Tax (PAT) for FY24 grew by 5.1% to Rs 8.52 billion.
  • Value of New Business (VNB) for FY24 was Rs 22.27 billion, with a VNB margin of 24.6%.
  • Annualised Premium Equivalent (APE) increased by 4.7% YoY to Rs 90.46 billion in FY24.
  • Retail New Business Sum Assured (NBSA) surged by 38.3% YoY to Rs 2.4 trillion in FY24.
  • Total in-force sum assured rose by 15.6% YoY to Rs 34.1 trillion as of March 31, 2024, indicating customer confidence in the Company's claims settlement ability.
  • 13th month persistency ratio improved by 240 basis points to 89.0% in FY24, while the 49th month persistency ratio rose by 430 basis points to 68.5%.
  • Overall cost ratio (Cost/Total Weighted Received Premium - TWRP) was 24.0% in FY24, with the cost ratio for the savings line of business at 15.8%.
  • Solvency ratio stood at 191.8% as of March 31, 2024, exceeding the regulatory requirement of 150%.
  • Assets Under Management (AUM) grew by 17.1% YoY to Rs 2.9 trillion as of March 31, 2024.
  • Embedded Value (EV) increased by 18.8% YoY to Rs 423.37 billion as of March 31, 2024, with Return on Embedded Value (RoEV) at 14.1% for FY24.
  • Value of inforce business rose by 14.5% YoY to Rs 307.56 billion as of March 31, 2024.
  • The Board approved a final dividend of Rs 0.60 per equity share for FY24.

Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “We have been strengthening our well-diversified distribution network, designing innovative products and processes and leveraging data analytics and other technology solutions to simplify the business. These are aimed at enriching the customer and distributor experience.

We believe simplification is the key to expanding the market and is in line with our objective to become the most customer and distributor friendly life insurer. We are the first life insurer in the country to offer an annuity product that provides customers the option to receive a 100% refund of premiums paid. In addition, we offer a long-term savings product which provides customers the flexibility to make partial withdrawals enabling them to meet liquidity requirements without disrupting the savings goal. Notably, we are also the first life insurer to pay out commissions on the same day to our distributors. Innovative products and processes underscore the Company’s strategy of providing the right product to the right customer at the right price and through the right channel.

Our focus on the distribution front has been to build capacity and enhance efficiency. In Q4FY24, the retail weighted received premium grew by 11.5%, outperforming the overall industry and private life insurers. The contribution of the agency and direct business channels to the retail APE stood at 51% for FY24."

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ICICI Prudential Life Insurance Company Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with Low Debt
  • Annual Net Profits improving for last 2 years

Weakness (3)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining profits every quarter for the past 2 quarters

Opportunity (2)

  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 625.8
R2 637.9
R3 653.8
Pivot

609.90

S1 597.8
S2 581.9
S3 569.8
EMA SMA
578.0
576.4
568.0
553.3
573.1
585.2
562.0
552.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 488.55 600523 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 488.55 60568 NSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 488.55 18745 NSE
Name Category Shares
ICICI BANK LIMITED PROMOTER 51.2%
PRUDENTIAL CORPORATION HOLDINGS LIMITED PROMOTER 22.04%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
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Profit after Tax
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ICICI Prudential Life Insurance Company Ltd Stocks COMPARISON

Financials( in Cr) ICICI Prudential Life Insurance Company Ltd Life Insurance Corporation of India SBI Life Insurance Company Ltd HDFC Life Insurance Company Ltd ICICI Lombard General Insurance Company Ltd
Price 613.70 1,066.85 1,469.90 598.35 1,730.90
% Change 2.94 6.44 1.38 0.82 4.10
Mcap Cr 88,410.60 674,782.41 147,205.34 128,701.73 85,278.85
Revenue TTM Cr 89,683.04 784,627.64 80,635.64 70,207.08 20,487.37
Net Profit TTM Cr 850.66 35,996.65 1,720.57 1,368.28 1,918.59
PE TTM 101.03 15.49 76.50 81.09 42.68
1 Year Return 20.89 78.13 18.23 2.32 41.90
ROCE 0.38 0.95 0.66 0.62 21.90
ROE 8.34 124.84 14.14 9.60 17.17
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,004.26 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20
ICICI Prudential Life Insurance Company Limited - Updates

Jun 14, 2024 l NSE Announcement

ICICI Prudential Life Insurance Company Limited - Updates

Jun 13, 2024 l NSE Announcement

ICICI Prudential Life Insurance Company Limited - Updates

Jun 12, 2024 l NSE Announcement

Date Action Type Ratio
Jun 13, 2024 Dividend 6
Jul 13, 2023 Dividend 6
Jun 16, 2022 Dividend 5.5

ICICI Prudential Life Insurance Company Ltd Information

Stock PE (TTM)
101.03
Promoter Holding
73.24%
Book Value
73.6845
ROCE
0.38%
ROE
8.34%
Description
  • 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
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540133
NSE Code : ICICIPRULI
Book Closure Date (Month) : Jul
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 Jun 14, 2024 03:58 PM the closing price of ICICI Prudential Life Insurance Company Ltd was Rs.613.70.

The latest PE ratio of ICICI Prudential Life Insurance Company Ltd as of Jun 14, 2024 03:58 PM is 101.03

The latest PB ratio of ICICI Prudential Life Insurance Company Ltd as of Jun 14, 2024 03:58 PM is 0.12

The 52-week high of ICICI Prudential Life Insurance Company Ltd share price is Rs. 640.85 while the 52-week low is Rs. 463.45

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 Jun 14, 2024 03:58 PM, the market cap of ICICI Prudential Life Insurance Company Ltd stood at Rs. 88,410.60.

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