ICICI Prudential Life Insurance Company Ltd News

ICICI Prudential Life receives ₹3.67 crore tax order from GST authorities

ICICI Prudential Life Insurance on Friday said it has received an order from GST Commissioner (Appeals) upholding tax demand of about Rs 3.67 crore. On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard. The order denied part of service tax credit, which the company migrated to the GST regime in the 2017-2018 fiscal year, when GST was launched. Subsequently, the company had filed an appeal before the Commissioner (Appeals). In a regulatory filing, ICICI Prudential said "the company has received an order from the Commissioner of CGST & Central Excise (Appeals), Mumbai, on April 17 upholding the tax demand". The order includes GST liability of over Rs 1.83 crore and penalty of an equal amount. "The company shall file an appeal against the said order before appropriate authority," ICICI Prudential Life said.

ICICI Prudential jumps 6% after reporting Q4FY25 results, declares dividend

The company's annual Annualised Premium Equivalent (APE) for the quarter under review stood at ₹3,502 crore as compared to ₹3,615 a year ago, down 3.1 per cent

ICICI Pru Life Q4FY25 results: Net profit rises 122% to Rs 386 crore

The net premium income of the country's third-largest private life insurer rose by 10.7 per cent year-on-year (Y-o-Y) to Rs 16,369.17 crore in the reporting quarter

ICICI Prudential Life Q4 profit rises on strong group insurance demand

The insurer's standalone profit more than doubled to 3.86 billion rupees ($45 million) for the quarter ended March 31. Its quarterly net premium income grew 11% to 16.37 billion rupees

Q4 results today: ICICI Pru Life, Ireda among 9 to post earnings on Apr 15

Q4 FY25 company results, April 15: Nine firms including ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and Ireda to release earnings report for Jan-Mar quarter

ICICI Pru Life Insurance gets Rs 328 cr tax demand notice for FY24

ICICI Prudential Life Insurance on Friday said it has received a demand notice of Rs 328.41 crore for the assessment year 2023-24. The demand notice has been sent by the Assistant Commissioner of Income-Tax, Maharashtra, ICICI Prudential Life Insurance said in a regulatory filing. The demand notice served on various counts, including shareholders' income taxed as income from other sources and certain marketing and advertising expense considered as inadmissible expenses and hence disallowed, it said. The company shall file an appeal against the said order before the Commissioner (Appeals) within the prescribed timelines, it added.

Valuations support ICICI Prudential Life despite margin challenges

After a sharp selloff, IPRU looks relatively inexpensive in valuations compared with its peers. Investors will have to offset continuing margin pressures versus the trend of volume growth

ICICI Pru Life down 10% as VNB margin misses estimates; analysts cut target

Why are ICICI Prudential shares falling: ICICI Prudential share tumbled 9.9 per cent to hit an intraday low of Rs 572.35 per share on the BSE as against a 0.5 per cent rise in Sensex index today

ICICI Prudential Life's Q3 results: Net profit rises 43% to Rs 325.65 crore

In Q3 FY25, the solvency ratio of ICICI Prudential Life stood at 211.8 per cent, compared to 196.5 per cent in the same period last year

ICICI Prudential Life Q3 results: Net profit increases 43% to Rs 326 cr

The life insurer reported a standalone profit of Rs 326 crore (about $38 million) for the quarter ended Dec. 31, compared to Rs 227 crore a year ago

Q3 results today: Tata Tech, IndiaMART among 32 to post earnings on Jan 21

Q3 FY25 company results, January 21: Tata Technologies, IndiaMART, South Indian Bank, UCO Bank, Dalmia Bharat will be releasing their earnings report for the Oct-Dec quarter today

Life insurance stocks rally up to 10% on HDFC Life's healthy Q3 earnings

Shares of HDFC Life, ICICI Prudential, SBI Life and Max Financial Services are up in the range of 5 per cent and 10 per cent

New India, GIC, other insurance cos fall up to 6% as GST decision deferred

In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex

ICICI Prudential Life shares gain 3% after stellar premiums growth in Nov

Shares of ICICI Prudential Life Insurance company surged 2.84 per cent at Rs 694.90 per share on the BSE in Tuesday's intraday trade

Life insurance stocks fall; HDFC Life, SBI Life, Max Financial dip up to 7%

According to the latest data, HDFC Life distributes 65 per cent of its insurance policies through banking channels, followed by SBI Life (60 per cent), Max Life (52 per cent), and ICICI Prudential

ICICI Prudential Life Q2FY25 results: Net profit rises to Rs 252 crore

The insurer's VNB margin, a measure of profitability, contracted to 23 per cent compared to 28 per cent last year

ICICI Pru Life Q2FY25 results: Net profit increases 3% to Rs 252 cr

ICICI Prudential Life Insurance Company on Tuesday reported a marginal rise of 3 per cent in its net profit to Rs 252 crore in the September quarter. The company's net profit stood at Rs 244 crore in the same quarter a year ago. Total income rose to Rs 25,229 crore from Rs 17,436 crore in the year-ago period, ICICI Prudential Life Insurance said in a regulatory filing. The net premium earned by the private sector insurer during July-September grew to Rs 10,754 crore against Rs 10,022 crore in FY24, it said. Its assets under management climbed 18 per cent to Rs 3,20,491 crore compared to Rs 2,44,279 crore as of September 30, 2023. The solvency ratio was 188.6 per cent at the end of September against the regulatory requirement of 150 per cent, it said. However, the Value of New Business (VNB), a key measure of profitability, increased to Rs 1,058 crore over Rs 1,015 crore at the end of the second quarter of the previous fiscal. Embedded Value grew 19.4 per cent to Rs 46,018 crore