Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Please find enclosed the schedule of meeting with investor(s)/analyst(s) to be held on July 25, 2023 where the senior management of the Company shall address the investor(s)/analyst(s). The schedule of the aforesaid meeting is subject to change, if any. Please note that the changes may happen due to exigencies on the part of Investor / Company. Please note that no unpublished price sensitive information shall be shared during the meeting.
20-07-2023
Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Please find enclosed the schedule of meeting with investor(s)/analyst(s) to be held on July 24, 2023 where the senior management of the Company shall address the investor(s)/analyst(s). The schedule of the aforesaid meeting is subject to change, if any. Please note that the changes may happen due to exigencies on the part of Investor / Company. Please note that no unpublished price sensitive information shall be shared during the meeting.
20-07-2023
Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Pursuant to Regulation 47 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed copies of newspaper advertisement pertaining to financial results of the Company for the quarter ended June 30, 2023. The advertisements were published in English and Marathi newspapers namely Financial Express and Loksatta respectively.
20-07-2023

Analysts maintain bullish calls on ICICI Pru Life on the back of a renewed business strategy

ICICI Prudential settled at 559 on the NSE on Wednesday, down 2.74% from the previous close. More than 49 lakh ICICI Prudential shares exchanged hands on the BSE and NSE, twice the combined daily average volume for the last one month.
20-07-2023
Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Please find enclosed the schedule of meeting with investor(s)/analyst(s) to be held on July 24, 2023 where the senior management of the Company shall address the investor(s)/analyst(s). The schedule of the aforesaid meeting is subject to change, if any. Please note that the changes may happen due to exigencies on the part of Investor / Company. Please note that no unpublished price sensitive information shall be shared during the meeting.
19-07-2023

ICICI Prudential Life Insurance Company Results Earnings Call for Q1FY24

Conference Call with ICICI Prudential Life Insurance Company Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
18-07-2023
Bigul

Q1FY24 Quarterly Result Announced for ICICI Prudential Life Insurance Company Ltd.

ICICI Prudential Life Insurance Company announced Q1FY24 results: The Value of New Business (VNB), which represents the present value of future profits, stood at Rs 4.38 billion with a VNB margin of 30.0% for Q1FY24. ICICI Prudential Life Insurance has registered a 32.7% growth in its Profit after Tax (PAT) to Rs 2.07 billion for Q1FY24 A comprehensive suite of products coupled with a need-based selling approach has resulted in the New Business Sum Assured, an indicator of the life cover opted for by customers, growing by 8.8% to Rs 2,403.04 billion for Q1FY24. Retail Protection APE grew by 61.8% to Rs 1.10 billion The total APE for the Company stood at Rs 14.61 billion with minimal concentration risk from any single distributor 13th month Persistency ratio improved to 86.4% The Company’s robust risk management framework has enabled it to have a record of zero Non-Performing Assets since inception. Assets Under Management (AUM) grew by 15.8% YoY to Rs 2,664.20 billion at June 30, 2023 Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, “Our very purpose of existence is to provide financial security to our customers and their families. We believe we are trustees of the life savings entrusted to us by our customers to achieve their protection, retirement, health and long-term savings goals. In Q1FY24, the VNB stood at Rs 4.38 billion, with a margin of 30%, while PAT grew 33% year-on-year to Rs 2.07 billion. With customer-centricity at the core, we will continue to focus on growing the absolute VNB, through the 4P strategy comprising Premium growth, Protection focus, Persistency improvement and Productivity enhancement. Through Q1FY24, we have observed an improving trend in business, with double-digit growth in APE for the month of June 2023. Our efforts towards expanding the protection business are visible in the 62% year-on-year growth in the retail protection segment and this has led to the overall protection business contributing nearly a quarter of the total APE. Further, our well-diversified distribution network has ensured we have minimal concentration risk from any single distributor. Our persistency across cohorts has further improved, reflecting our need-based selling approach, with the 13th-month persistency at 86.4%. To improve our performance across the 4P strategic elements, we have institutionalised a 4D framework comprising Data analytics, Diversified propositions, Digitalisation and Depth in Partnerships, with a focus on developing a quality business in a risk-calibrated manner. This framework will ensure products are aligned with customer needs, are designed to meet those needs effectively, are developed with the highest quality standards, and are delivered through the most appropriate channels. Also, this framework will help us provide simplified and hassle-free processes to our customers across the product life cycle.” Result PDF
18-07-2023
Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Announcement under Regulation 30 (LODR)-Investor Presentation

This is further to our letter dated July 7, 2023 with reference to the earnings conference call to be hosted by the Company on July 18, 2023 with investors and analysts at 4:00 p.m. IST. Please find enclosed the business presentation for ''earnings conference call'' to discuss the performance of the Company for Q1-FY2024. The audio recording and transcript of the conference call will be posted on the Company''s website within the prescribed regulatory timelines.
18-07-2023
Bigul

ICICI Prudential Life Insurance Company Ltd - 540133 - Audited Financial Statements And Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2023.

Pursuant to the provisions of regulation 33 and regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable requirements, a copy of the audited financial results for the quarter ended June 30, 2023, together with the Auditor''s report in the prescribed format is enclosed. A copy of the press release being issued in this connection is also enclosed. Please note that B S R & Co. LLP and Walker Chandiok & Co. LLP, the joint statutory auditors of the Company have issued audit reports with unmodified opinion.
18-07-2023
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