ICICI Prudential Life Insurance Company standalone net profit declines 16.61% in the March 2018 quarter

Sales rise 15.01% to Rs 8655.82 crore

Net profit of ICICI Prudential Life Insurance Company declined 16.61% to Rs 340.58 crore in the quarter ended March 2018 as against Rs 408.42 crore during the previous quarter ended March 2017. Sales rose 15.01% to Rs 8655.82 crore in the quarter ended March 2018 as against Rs 7526.42 crore during the previous quarter ended March 2017.

For the full year,net profit declined 3.71% to Rs 1619.83 crore in the year ended March 2018 as against Rs 1682.23 crore during the previous year ended March 2017. Sales rose 21.01% to Rs 26810.68 crore in the year ended March 2018 as against Rs 22155.25 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales8655.827526.42 15 26810.6822155.25 21 OPM %3.585.40 -6.307.75 - PBDT408.84449.23 -9 1839.631863.83 -1 PBT408.84449.23 -9 1839.631863.83 -1 NP340.58408.42 -17 1619.831682.23 -4

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