Business Standard

Insurance stocks: Analysts see decent upside in HDFC Life, ICICI Lombard

Though Q1 was disappointing, there are triggers that could lead to improvement in the performance of the two insurers

HDFC Life
Premium

Photo: Shutterstock

Devangshu Datta
HDFC Life Insurance Company and ICICI Lombard General Insurance Company, two listed insurers in different segments, have come up with their respective April-June quarter (Q1 of FY23) numbers. Both seem to have disappointed the Street, going by share price movements.
 
HDFC Life reported 23 per cent year-on-year (YoY) growth in net premium, with 27 per cent and 19 per cent growth in new business and renewal, respectively. Profit after tax (PAT) grew 21 per cent YoY to Rs 370 crore.
 
The persistency ratio improved in the 37th month cohort, but dipped in the 61st month. Value of new business

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 20 2022 | 10:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com