 "ICICI Prudential AMC")
Private sector life insurer ICICI Prudential Life Insurance is expected to announce its financial result today for the quarter ending June 30, 2022. In the previous quarter (Q4FY22), the life insurer reported a two-fold jump in net profit at Rs 185 cr. The company had posted a net profit of Rs 64 crore Q4FY21. The jump in net profit was reported on account of robust growth in new business.
However, for the full year 2021-22, ICICI Prudential's net profit declined to Rs 754 crore compared to Rs 960 crore in 2020-21– a drop of 20.4 per cent, for the year
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