ICICI Prudential Life profit up 19% on stronger non-linked sales
ICICI Pru Life delivers profit growth with improving product mix and costs.
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
News Feed
1 articles
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
positive
7h agoICICI Prudential Life profit up 19% on stronger non-linked sales
ICICI Prudential Life reported a 19% rise in quarterly profit as non-linked products gained share and operating expenses declined. Net premium income increased 10% year-on-year; value-of-new-business margin improved. Market-linked contributions eased as the mix shifted to traditional products. Shares rose post-print as investors welcomed cost discipline. Management emphasized distribution execution and sensitivity to rates. Peers’ results should confirm trends in pricing power, persistency and growth trajectories across private life insurers this quarter.
positive
7h agoICICI Prudential Life profit up 19% on stronger non-linked sales
ICICI Prudential Life reported a 19% rise in quarterly profit as non-linked products gained share and operating expenses declined. Net premium income increased 10% year-on-year; value-of-new-business margin improved. Market-linked contributions eased as the mix shifted to traditional products. Shares rose post-print as investors welcomed cost discipline. Management emphasized distribution execution and sensitivity to rates. Peers’ results should confirm trends in pricing power, persistency and growth trajectories across private life insurers this quarter.
positive
ICICI Prudential Life profit up 19% on stronger non-linked sales
about 7 hours ago
1 min read
72 words
ICICI Pru Life delivers profit growth with improving product mix and costs.
ICICI Prudential Life reported a 19% rise in quarterly profit as non-linked products gained share and operating expenses declined. Net premium income increased 10% year-on-year; value-of-new-business margin improved. Market-linked contributions eased as the mix shifted to traditional products. Shares rose post-print as investors welcomed cost discipline. Management emphasized distribution execution and sensitivity to rates. Peers’ results should confirm trends in pricing power, persistency and growth trajectories across private life insurers this quarter.
ICICI Prudential Life reported a 19% rise in quarterly profit as non-linked products gained share and operating expenses declined. Net premium income increased 10% year-on-year; value-of-new-business margin improved. Market-linked contributions eased as the mix shifted to traditional products. Shares rose post-print as investors welcomed cost discipline. Management emphasized distribution execution and sensitivity to rates. Peers’ results should confirm trends in pricing power, persistency and growth trajectories across private life insurers this quarter.
Companies:
ICICI Prudential Life
Tags:
economy
insurance
economy
insurance
India
corporates
stocks
Source: