ICICI Prudential Life Insurance Company Ltd
ICICIPRULIICICI Prudential Life Insurance Company Ltd
ICICIPRULI
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 113.02 | 9.00 | 0.09% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 17.34 | 2.41 | 1.00% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. It provides life insurance, pensions and health insurance to individuals and groups.
Investor Presentation
View olderPeers
Compare with peersLife Insurance Corporation Of India
Bajaj Finserv Ltd
SBI Life Insurance Company Ltd
HDFC Life Insurance Company Ltd
ICICI Lombard General Insurance Company Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 20,849.50 | 37,946.37 | 38,964.37 | 42,053.87 | 22,603.30 | 84,851.19 | 64,590.62 | 51,371.95 | 91,712.47 | 1,00,649.45 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 99,540.23 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 11.89 | 820.72 | 965.30 | 968.36 | 1,034.78 | 997.37 | 1,203.39 | 1,453.80 | 1,641.21 | |||||||||||
| Selling & Administrative Expenses | 755.31 | 35,135.15 | 35,758.54 | 39,663.74 | 17,603.04 | 79,911.58 | 59,021.05 | 45,727.05 | 85,946.39 | |||||||||||
| Operating & Other expenses | 18,240.55 | 69.38 | 357.88 | 90.62 | 2,706.50 | 2,663.13 | 3,338.25 | 3,022.80 | 2,983.29 | |||||||||||
EBITDA | 1,841.75 | 1,921.12 | 1,882.65 | 1,331.15 | 1,258.98 | 1,279.11 | 1,027.93 | 1,168.30 | 1,141.58 | 1,109.22 | ||||||||||
| Depreciation/Amortization | 0.05 | 57.87 | 43.68 | 56.72 | 60.56 | 59.86 | 67.01 | 83.76 | 113.23 | — | ||||||||||
| PBIT | 1,841.70 | 1,863.25 | 1,838.97 | 1,274.43 | 1,198.42 | 1,219.25 | 960.92 | 1,084.54 | 1,028.35 | 1,109.22 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 1,841.70 | 1,863.25 | 1,838.97 | 1,274.43 | 1,198.42 | 1,219.25 | 960.92 | 1,084.54 | 1,028.35 | 1,109.22 | ||||||||||
| Taxes & Other Items | 191.56 | 181.59 | 219.81 | 135.50 | 131.44 | 263.10 | 201.72 | 271.05 | 177.67 | 233.30 | ||||||||||
| Net Income | 1,650.14 | 1,681.66 | 1,619.16 | 1,138.93 | 1,066.98 | 956.15 | 759.20 | 813.49 | 850.68 | 875.92 | ||||||||||
| EPS | 11.52 | 11.73 | 11.28 | 7.93 | 7.43 | 6.66 | 5.28 | 5.66 | 5.91 | 6.08 | ||||||||||
| DPS | 8.40 | 7.35 | 6.70 | 3.15 | 0.80 | 2.00 | 0.55 | 0.60 | 0.60 | 0.60 | ||||||||||
| Payout ratio | 0.73 | 0.63 | 0.59 | 0.40 | 0.11 | 0.30 | 0.10 | 0.11 | 0.10 | 0.10 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
FinancialsInsurance
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| ICICI Prudential Life Insurance Company Ltd | 116.37 | 9.00 | 0.09% |
| Life Insurance Corporation Of India | 13.86 | 6.84 | 1.12% |
| Bajaj Finserv Ltd | 31.24 | 2.45 | 0.06% |
| SBI Life Insurance Company Ltd | 80.57 | 10.23 | 0.18% |
Price Comparison
Compare ICICIPRULI with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding ICICI Prudential Life Insurance Company Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
ICICI Prudential Bluechip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2062% | Percentage of the fund’s portfolio invested in the stock 1.88% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/90 (0) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6605% | Percentage of the fund’s portfolio invested in the stock 1.62% | Change in the portfolio weight of the stock over the last 3 months -0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 12/112 (0) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6604% | Percentage of the fund’s portfolio invested in the stock 1.23% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 30/57 (0) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have ICICI Prudential Life Insurance Company Ltd
Events
Dividend Trend
No Trend In Dividends
ICICIPRULI has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 0.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.87 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 13, 2024
Dividend/Share
₹0.60
Ex DateEx Date
Jun 13, 2024
Cash Dividend
Ex DateEx DateJul 13, 2023
Dividend/Share
₹0.60
Ex DateEx Date
Jul 13, 2023
Cash Dividend
Ex DateEx DateJun 16, 2022
Dividend/Share
₹0.55
Ex DateEx Date
Jun 16, 2022
Cash Dividend
Ex DateEx DateJun 16, 2021
Dividend/Share
₹2.00
Ex DateEx Date
Jun 16, 2021
Cash Dividend
Ex DateEx DateOct 31, 2019
Dividend/Share
₹0.80
Ex DateEx Date
Oct 31, 2019
ICICI Prudential Life Insurance Company has allotted 43,200 equity shares of face value of Rs 10 each on 19 November 2024, under 'ICICI Prudential Life Insurance Company - Employees Stock Option Scheme (2005)' at 10:37 a.m. IST. Powered by Capital Market - Live
ICICI Prudential Life Insurance Company has allotted 29,920 equity shares on 05 November 2024 under ESOS. Powered by Capital Market - Live
ICICI Prudential Life Insurance Company has allotted 235,010 equity shares of face value of Rs.10 each on October 29, 2024, under ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005.Powered by Capital Market - Live
The net premium income for the quarter increased 7.3% YoY to Rs 10,754.21 crore. The first year gross premium income for the insurer grew 34.64% YoY to Rs 2,058.73 crore, while single premium income increased by 0.85% to Rs 3,030.74 crore. Net commission stood at Rs 1,234.87 crore during the quarter, registering a growth of 60.19% YoY. On half-yearly basis, the company's net profit rose 5.75% to Rs 477.12 crore on 22.88% increase in total income to Rs 50,465.96 crore in H1 FY25 over H1 FY24. The net premium income grew 9.31% YoY to Rs 18,628.87 crore in H1 FY25. The value of new business (VNB), which represents the present value of future profits, stood at Rs 1,058 crore with a VNB margin of 23.7% for H1 FY24. Total annualised premium equivalent (APE) jumped 26.8% to Rs 4,467 crore in H1 FY25 as compared with Rs 3,523 crore in H1 FY24. Retail APE grew by 32.7% YoY to Rs 2,884 crore in H1 FY25. The retail weighted received premium (RWRP) growth of 39.2% in H1 FY25, outperforming both the overall industry and private life insurers over the last four quarters. The assets under management (AUM) grew by 17.9% to Rs 3,20,491 crore in H1 FY24 as compared with Rs 2,71,903 crore recorded in the same period a year ago. The company said that the persistency ratios have seen improvement across all cohorts. The 13th month persistency ratio improved by 290 bps to 89.8% in H1 FY25. The 49th month persistency ratio increased by 220 bps to 69.9% in H1 FY25. Embedded value grew by 19.4% to Rs 46,018 crore at 30 September 2024.The solvency ratio for H1 FY24 stood at 188.6%, well above the minimum regulatory requirement of 150%. Anup Bagchi, MD & CEO, ICICI Prudential Life Insurance said, 'We remain committed to deliver best-in-class customer value through innovative product propositions, seamless onboarding, best-in-class servicing and settling claims with utmost sensitivity and care. Our approach of right product to the right customer at the right price and through the right channel is enabling us to adapt to the dynamic market landscape and capitalise on the opportunities ahead, to deliver sustainable VNB growth by balancing business growth, profitability and risk & prudence.' Meanwhile, the company's board has approved issuance of rated, listed, redeemable, unsecured, subordinated, taxable, fully paid-up, non-cumulative non-convertible debentures (NCDs) aggregating upto Rs 1,400 crore on a private placement basis. ICICI Prudential Life is promoted by ICICI Bank and Prudential Corporation Holdings, headquartered in United Kingdom. The company offers and array of products in the protection and savings category which match the different life stage requirements of customers, enabling them to provide a financial safety net to their families as well as achieve their long term financial goals. Powered by Capital Market - Live
Net profit of ICICI Prudential Life Insurance Company rose 2.92% to Rs 250.99 crore in the quarter ended September 2024 as against Rs 243.88 crore during the previous quarter ended September 2023. Sales rose 7.30% to Rs 10754.21 crore in the quarter ended September 2024 as against Rs 10022.42 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales10754.2110022.42 7 OPM %2.97-2.93 - PBDT302.50276.35 9 PBT302.50276.35 9 NP250.99243.88 3 Powered by Capital Market - Live
ICICI Prudential Life Insurance Company has allotted 15,450 equity shares under ESOS on 22 October 2024. Powered by Capital Market - Live
The Board of ICICI Prudential Life Insurance Company will meet on 22 October 2024 to consider fund raising, in one or more tranches, by way of issuance of non-convertible debentures in the nature of subordinated debt in terms of Insurance Regulatory and Development Authority of India (Registration, capital structure, transfer of shares) Regulations, 2024 and other applicable regulations and circulars, on private placement basis. Powered by Capital Market - Live
ICICI Prudential Life Insurance Company has allotted 15,200 equity shares under Employees Stock Option Scheme on 08 October 2024. Powered by Capital Market - Live
ICICI Prudential Life Insurance Co. will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
ICICI Prudential Life Insurance Company has allotted 1,06,069 equity shares of face value of Rs 10 each on 24 September 2024, under 'ICICI Prudential Life Insurance Company Limited - Employees Stock Option Scheme (2005)'. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 16.88%, vs industry avg of 11.63%
Increasing Market Share
Over the last 5 years, market share increased from 4.94% to 6.19%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -5.67%, vs industry avg of 34.38%