ICICI Prudential Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 64145.90 Crore) operating in Financial Services sector.
ICICI Prudential Life Insurance Company key Products/Revenue Segments include Income From Financial Services, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 10767.43 Crore, down -38.35 % from last quarter Total Income of Rs 17466.30 Crore and down -17.42 % from last year same quarter Total Income of Rs 13038.14 Crore. Company has reported net profit after tax of Rs 235.26 Crore in latest quarter.
The company’s top management includes Mr.R K Nair, Mr.Dileep Choksi, Ms.Vibha Paul Rishi, Mr.M S Ramachandran, Mr.N S Kannan, Mr.Anup Bagchi, Mr.Sandeep Batra, Mr.Dilip Karnik, Mr.Benjamin James Bulmer. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 144 Crore shares outstanding.
The brokerage expects key parameters to change in favour of ICICI Pru Life, including, comeback of APE growth, balanced product mix with NBMs stabilised at higher levels, and non-ICICI Bank channels gaining dominance, which, in turn, should help ICICI Pru Life to rerate upwards.
Promoter/FII Holdings
Promoters held 73.35 per cent stake in the company as of 31-Mar-2023, while FIIs owned 15.2 per cent, DIIs 5.97 per cent.
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