iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

ICICI Pru Life Q3 net flat at Rs312cr despite sharply lower levels of investment income

19 Jan 2022 , 12:49 PM

ICICI-Prudential-Life-insurance
ICICI Pru Life Insurance reported -65.44% fall yoy in revenues in the Dec-21 quarter at Rs9,865cr. The big reason for the fall in revenues was a sharp fall in investment income which fell vertically from Rs19,278cr last year to Rs737cr in this quarter.

Premium income was flat with gains in first year premium and single premium policies, while revenues from renewal premiums fell sharply.

For the first 9 months of FY22, the value of new business (VNB) was 34% higher at Rs1,388cr. The total annualized premium equivalent (APE) was Rs.5,125cr yield VNB margins of a healthy 27.1% for the said period.

Customer retention and cost efficiency are the core of an insurance company. Its 13ths month persistence and 61sts month persistency improved to 84.8% and 52.7% respectively. The expenses grew by 25%, which was lower than the new business growth at 30%.

Despite a sharp fall in revenues the net profits have remained flat on yoy basis at Rs312cr. That is because the fall in investment income has been offset by a sharp fall in actuarial provisioning estimates. PAT margins improved substantially from a level of 1.07% in the Dec-20 quarter to 3.16% in the Dec-21 quarter on account of a much smaller revenue base.

Financial highlights for Mar-21 compared yoy and sequentially

ICICI Prudential Life
Rs in Crore Dec-21 Dec-20 YOY Sep-21 QOQ
Total Revenues ₹ 9,865 ₹ 28,548 -65.44% ₹ 23,129 -57.35%
Net Profit ₹ 312 ₹ 304 2.53% ₹ 446 -29.99%
Diluted EPS ₹ 2.16 ₹ 2.12 ₹ 3.09
Net Margins 3.16% 1.07% 1.93%
Solvency Ratio 2.02 2.26 2.00
Expense Mgt Ratio 13.50% 11.90% 12.50%
Policyholder Liability Ratio 2494.20% 2180.50% 2591.20%

Related Tags

  • ICICI Pru Life Insurance management
  • ICICI Pru Life Insurance news
  • ICICI Pru Life Insurance Q3
  • ICICI Pru Life Insurance Q3FY22 Insurance business
  • ICICI Pru Life Insurance Q3FY22 PAT
  • ICICI Pru Life Insurance Q3FY22 Result
  • ICICI Pru Life Insurance quarterly results
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
19 Mar 2024   |   10:37 AM
Images
18 Mar 2024   |   11:30 AM
Images
18 Mar 2024   |   10:42 AM
Images
18 Mar 2024   |   10:36 AM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.