5 days Ago By Vrathik Jain
ICICI Prudential Life Insurance Co.'s net profit rose 122% year-on-year in the January–March quarter. The insurer posted a consolidate net profit of Rs 385 crore in the quarter ended March 31, 2025.
In the year-ago period, the company posted a net profit of Rs 174 crore. The net premium income during the quarter under review climbed 10.7% year-on-year to Rs 16,369 crore, compared to Rs 14,788 crore in the corresponding quarter of the previous fiscal.
The ICICI Bank subsidiary's solvency ratio stood at 212.2%, 40 basis points higher as compared to 211.8% in the preceding quarter ended Dec.
31, 2024. The company's assets under management grew 5.2% to Rs 3.
09 lakh crore versus Rs 2.94 lakh crore in the year-ago period. Net profit up 122% down at Rs 385 crore.
Net premium income up 10.7% at Rs 16,369 crore. AUM up 5.
2% at Rs 3.09 lakh crore. The 13th-month persistency ratio rose to 89.
1% from 89%, whereas the 61st-month persistency ratio declined to 64.1% from 66% in the year-ago period. ICICI Prudential Life's board also declared a final dividend of Rs 0.
85 per share for the financial year ended March 31, 2025. Before the quarterly results were posted, shares of the insurer closed 2.62% higher at Rs 567.
6 apiece on the BSE, compared to 2.1% climb in the benchmark Sensex..
