Page 4 - Icici Prudential

ICICI Pru on course to hit new business value of Rs 2,560 crore in FY23

Private insurer ICICI Prudential Life has said it is on course to meet its target of doubling the value of new business to Rs 2,560 crore this fiscal from FY19 levels. The optimism of the management to meet the target it had set for itself in the beginning of FY19, when the Value of its New Business (VNB) stood at Rs 1,328 crore, stems from the much more than anticipated VNB growth clocked in the first quarter at Rs 471 crore, which was 31.7 per cent higher than the year-ago period when it was only Rs 358 crore. VNB is a key profitability metric in the life insurance industry as life insurance is a long-term business unlike general insurance which is a year-long commitment. So, VNB means the future profit of a life policy written now. Higher the VNB margin the better will be the profitability of a company. This is calculated by dividing the VNB by annualised premium equivalent or regular premium plus 10 per cent of the single premium. Having already grown so much in the first quarte

ICICI Prudential AMC's S Naren on his investment mantra and more

Soaring inflation, global central bank policies and the Ukraine war have dampened sentiment across global financial markets. What does S Naren, of ICICI Prudential AMC think of the developments?

Near-term outlook complicated, but bullish on equities: ICICI Pru's S Naren

Value opportunity in stocks is more and we think over the next 2-3 years, the opportunity will continue to exist, says S Naren, CIO, ICICI Prudential Asset Management Co

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

ICICI Prudential, HDFC Life Insurance opt for higher retention on books

An increase in retention limit means the insurer increases the degree of risk it retains on its balance sheet

ICICI Pru Corp Bond Fund: Conservative approach, consistent performance

The investment objective of the scheme is to generate income through investing predominantly in AA+ and above rated corporate bonds

ICICI Pru Life market cap crosses Rs 1-trillion as stock hits new high

ICICI Pru became the third insurance company to cross Rs 1 trillion market cap after HDFC Life and SBI Life.

ICICI Pru soars 9%, hits new high on strong performance in June quarter

VNB growth was driven by a resilient business model, innovative product offerings and diversified distribution and product mix

Flexicap category emerges as a hot segment in Rs 11 trn equity MF space

After ICICI Pru MF's record-breaking NFO, multiple funds look to follow suit with offers

Rs 4.1 trillion fund manager is betting big on cyclical stocks in India

The ICICI Prudential Opportunities Fund directly managed by Sankaran Naren has returned 36% year-to-date, beating 96% of its peers.

Stocks to watch: TechM, ACC, Nestle India, 5paisa, Caplin Point, ICICI Pru

Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021

ICICI Prudential profit falls 64% to Rs 64 cr on pandemic addl provision

An accelerated provisioning of Rs 200 crore for the pandemic has crimped net profit of ICICI Prudential Life by 64.2% to Rs 64 crore in the January-March quarter

SBI Life, HDFC Life: Insurance cos eyeing reforms, stay invested: Analysts

While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option

ICICI Prudential Q3 net profit up 1.3% at Rs 306 cr on higher tax outgo

New business premium grew 14 per cent to Rs 2,04,872 crore-mark, helping improve its market share among private sector players to 13 per cent

I-Pru Life: Retail focused portfolio, no investment risks augur well

Share of protection at 17 per cent in Q2 was its best-ever performance

Blackstone sells Embassy Office Parks REIT units for Rs 2,270 crore

Post this deal, Blackstone stake will come down by around nine per cent from around 55 per cent shareholding earlier.

ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 crore

The bank has now raised Rs 3,090 crore by selling stake in its life and general insurance subsidiaries

Top headlines: RBI bars YES Bank on coupon payment, RIL mcap, and more

Business Standard brings to you a snapshot of the top events of the day

New business premium of life insurance companies declines 25% in May

For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government

Market Ahead, April 21: All You Need To Know Before The Opening Bell

Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings