ICICI Prudential Life Insurance Company Q2FY18 consolidated net profit rises marginally to Rs.421 crore

India Infoline Research Team | October 24, 2017 18:24 IST

ICICI Prudential Life Insurance Company Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Net Premium Income 6,540 20.6
Net Profit  421 0.5

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Reco. Price

441.2

Last updated on

06-Sep-2017



ICICI Prudential Life Insurance Company reported its Q2FY18 standalone results  today.

ICICI Prudential Life Insurance Company’s H1FY18 new business Annualised Premium Equivalents (APE) increased by 36.8% yoy to Rs. 3574 crore.

The net premium income increased by 20% yoy to Rs. 6540 crore. This was driven by increase in first premium, renewal premium and single premium by 16.8% yoy, 22.7% yoy and 18.1% yoy, respectively.

For the last quarter, the company had an overall market share of 13.7% and a private market share of 24.6% in H1FY2018.

The company registered 38.8% yoy growth in retail weighted received premium for H1FY18


And the net profit for the period came in at Rs. 421 crore, a yoy increase of 0.5%.

The company’s total AUM as of Q2FY18 stood at Rs.130591 crore. While Solvency ratio was 275% for Q2FY18.


Technical View:

ICICI Prudential Life Insurance Company Ltd is currently trading at Rs. 390.05, down by 0 points or 0% from its previous closing of Rs. 390.05 on the BSE.
The scrip opened at Rs. 390 and has touched a high and low of Rs. 395.15 and Rs. 390 respectively. So far 8,93,521(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 378.80 1.20 (0.32%)
NSE 379.40 0.15 (0.04%)

***Note: This is a NSE Chart

 

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