ICICI Pru Life Q4 net profit falls 26% to Rs 174 cr, insurer announces dividend

Published on 4/23/2024, 12:56:16 PM

Key points

Net premium income rose to Rs 14,788 crore Dhiren Salian, CFO of the company said the decline in VNB is due to shift in “product mix, competitive pricing pressures and increases in expenses”.
IPL01 IPL01 NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More × ICICI Prudential Life Insurance on April 23 reported 26% drop in net profit at Rs 174 crore for the quarter ended March 31, 2024. It reported net profit of Rs 235 crore in the year-ago period.
The insurer's net premium income rose 17% to Rs 14,788 crore in Q4FY24 as against Rs 12,629 crore in Q4FY23. The insurer said its Board approved final dividend of 60 paise per equity share of face value of Rs 10 each to its shareholders.
The insurer's solvency ratio was at 191.8% in Q4FY24 as compared to 208.9% in the year-ago period.
On April 23, ICICI...

Quick context: Net premium income rose to Rs 14,788 crore Dhiren Salian, CFO of the company said the decline in VNB is due to shift in “product mix, competitive pricing pressures and increases in expenses”.

Published Apr 23, 2024.

📌 Source: Moneycontrol

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