/images/ppid_59c68470-image-17682925262095535.webp)
/images/ppid_59c68470-image-177105003432353455.webp)
/images/ppid_a911dc6a-image-177104902795770968.webp)
What is the story about?
Shares of ICICI Prudential Life Insurance gained 2% on Tuesday, January 13, after the insurer reported a strong improvement in value of new business and margins for the December quarter.
Value of new business climbed 19% year-on-year to ₹615 crore in Q3, compared with ₹517 crore in the year-ago period.
The company witnessed a sharp expansion in VNB margins, which improved to 24.4% from 21.2% last year.
Total annualised premium equivalent grew at a steadier pace, rising 4% year-on-year to ₹2,525 crore from ₹2,438 crore in the same quarter last year.
At present, ICICI Prudential Life Insurance shares are trading 1.5% higher at ₹690.60. The stock is up 3% on a year-to-date basis.
Value of new business climbed 19% year-on-year to ₹615 crore in Q3, compared with ₹517 crore in the year-ago period.
The company witnessed a sharp expansion in VNB margins, which improved to 24.4% from 21.2% last year.
Total annualised premium equivalent grew at a steadier pace, rising 4% year-on-year to ₹2,525 crore from ₹2,438 crore in the same quarter last year.
At present, ICICI Prudential Life Insurance shares are trading 1.5% higher at ₹690.60. The stock is up 3% on a year-to-date basis.
/images/ppid_a911dc6a-image-177105253714182198.webp)
/images/ppid_a911dc6a-image-177105248655682778.webp)
/images/ppid_a911dc6a-image-177105245071149153.webp)
/images/ppid_a911dc6a-image-177105042575465447.webp)
/images/ppid_a911dc6a-image-177105033328862095.webp)
/images/ppid_a911dc6a-image-177105037137039801.webp)
