ICICI Prudential Life Insurance Company Ltd.

NSE: ICICIPRULI | BSE: 540133

Mid-range Performer

Download real time

652.10 -17.50 (-2.61%)

4.2M NSE+BSE Volume

High volume today

NSE 16 Jul, 2025 1:53 PM (IST)

94,302.5

Market Cap

Low in industry

0.8

Beta 1Year

Very Low volatility

Estimates Beat

ICICI Prudential's Q1 net profit of Rs 301 crore beats Forecaster estimates by 23.9% See details

ICICI Prudential Life Insurance Company Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ICICIPRULI, BSE:540133 ICICI Prudential Life Insurance Company Ltd.

ICICI Prudential Life Insurance Company Ltd.

24 Oct 2018

ICICI Prudential Life Insurance Company (IPRU) reported gross written premium (GWP) of Rs...

Buy: ICICI Prudential Life Insu...

Emkay

ICICI Prudential Life Insurance Company (IPRU) reported gross written premium (GWP) of Rs76.8bn (+16.4% yoy, +39.2% qoq), a slight miss vs. our estimate of Rs78.1bn, with lower-than-expected new business premium (NBP) of Rs25.8bn (+13.1% yoy, +45.7% qoq) leading to a loss of market share to peers. Value of new business (VNB) margin remained stable at 17.5% on a sequential basis (lower than our est. of 17.8%) despite strong growth in protection segment (+108.2% yoy in 2QFY19) on an increasing share of ULIPs and lower share of participating products. Persistency showed strong resilience even in this environment with meaningful...

ICICI Prudential Life Insurance Company Ltd. is trading above all available SMAs

ICICI Prudential Life Insurance Company Ltd.

23 Oct 2018

Operationally on track; higher opex remains a drag

Buy: ICICI Prudential Life Insu...

Motilal Oswal

23 October 2018 renewal/single premium increasing 18%/50% YoY, gross premium growth was restricted to 16% YoY due to tepid 3% YoY growth in first year premium. in 1HFY19 from 16.5% in FY18, enabling 41.5% VNB growth for the first half of the fiscal. Trend in persistency improved across month persistency held largely stable at 85.2%. This enabled healthy 18% YoY growth in renewal premium in 2QFY19. led by sustained growth in the protection business. Opex increased 34% YoY on account of higher advertisement cost and investments made in the protection business. Cost to weighted received premium, thus, increased to 16.1% in 1HFY19 from 13.7% in FY18. The share of agency/direct channel in the distribution mix dropped to 22.1%/11.8% from 27.

Number of FII/FPI investors decreased from 627 to 619 in Mar 2025 qtr

ICICI Prudential Life Insurance Company Ltd.

25 Jul 2018

ICICI Prudential Life Insurance Company Ltd Q1FY19 results Comment

Results Update: ICICI Prudential Life Insu...

HDFC Securities

Operating Income fell by 37.18% to Rs. 5437.82 Cr in Q1FY19 when compared to the previous quarter. ICICI Prudential Life Insurance Company Ltd Q1FY19 results Comment

Number of FII/FPI investors decreased from 627 to 619 in Mar 2025 qtr

ICICI Prudential Life Insurance Company Ltd.

25 Jul 2018

ICICI Prudential Life (1QFY19): Protection share drives margins higher. Maintain BUY

Buy: ICICI Prudential Life Insu...

Target

HDFC Securities

We maintain BUY with a TP of Rs 484 (FY20 EV+ 26x FY20E VNB). Despite a decline of 18.1% YoY in APE, and an increased cost ratio (17.5% vs. 13.6% for FY18), ICICI Prudential Life Insurance (IPRU) delivered a strong VNB margin of 17.5% (+100bps over FY18). Increase in margin was primarily as a result of higher share of protection business (8.2%, +250bps over FY18).

ICICI Prudential Lif.. has an average target of 750.62 from 8 brokers.

ICICI Prudential Life Insurance Company Ltd.

25 Jul 2018

Mixed quarter; higher opex remains a drag on earnings

Buy: ICICI Prudential Life Insu...

Target

Motilal Oswal

24 July 2018 IPRU reported a muted 1QFY19 performance, with shareholder net profits declining 31% YoY (25% miss) even as policyholder surplus stood growth in net premium income due to a 13% decline in new business premium. (b) Total commission expenses grew 29.3% YoY due to a change in product mix, while opex increased 44.5% due to higher advertisement/employee cost. (c) New business margin improved to 17.5% from 16.5% in FY18. (d) Share of protection business in total APE increased to 8.2%. (e) 49 month persistency improved by 450bp to 63.7%. IPRU reported an 18% YoY decline in total APE. Savings APE declined 21% YoY to INR12.8b, while protection APE grew strongly by 48% YoY to INR1.1b.

ICICI Prudential Life Insurance Company Ltd. is trading above all available SMAs

ICICI Prudential Life Insurance Company Ltd.

21 Jun 2018

Moving up the profitability curve

Buy: ICICI Prudential Life Insu...

Motilal Oswal

ICICI Prudential Life Insurance (IPRU) is amongst the market leader in the private sector life insurance space, aided by its strong brand, distribution capabilities and product portfolio. It has increased its market share in retail weighted premium to ~12% in FY18 (~6% in FY12) and has alongside reported sharp improvement in persistency ratios. This coupled with change in product mix in favor of protection business and strong cost control has enabled healthy margin expansion (16.5% VNB margin in FY18 v/s 10.1% in FY17). We expect margins to improve further to 18.2% by FY20E, boosting average operating RoEV to ~20% over FY18-20E. We value IPRU at INR480 per share using P/EV multiple of 2.7x (implied new business multiple of 21x). Initiate coverage with BUY.

ICICI Prudential Life Insurance Company Ltd. is trading above all available SMAs

ICICI Prudential Life Insurance Company Ltd.

25 Apr 2018

ICICI Prudential Life (4QFY18): Stellar Margins. Maintain BUY

Buy: ICICI Prudential Life Insu...

Target

HDFC Securities

We maintain BUY with an increased TP of Rs 515 (FY20 EV+ 25x FY20E VNB). ICICI Pru Life delivered a strong set of numbers of 4QFY18. Higher share of protection, operating efficiency and lower tax rate drove its full year margin to 16.5% (9MFY18: 13.7%). With this margin, ICICI Pru has narrowed margin gap with competitors despite higher share of ULIPs (VNB Margins- HDFC Life: 23.2%; SBI Life: 16%, Max Life: 18.5%). 4QFY18 APE came in at Rs.22.1bn (+2.1% YoY); growth was subdued on higher base and as new business premium declined in Jan and Feb18.

ICICI Prudential Lif.. has an average target of 750.62 from 8 brokers.

ICICI Prudential Life Insurance Company Ltd.

22 Jan 2018

ICICI Prudential Life (3QFY18): Margin Surprises. Maintain BUY

Buy: ICICI Prudential Life Insu...

Target

HDFC Securities

We maintain BUY with a TP of Rs 480 (FY20 EV+ 26x FY20E VNB). ICICI Pru Lifes 3QFY18 was a strong beat on margins. Better cost management, operating efficiency along with higher product margin on new ULIP products drove its 9MFY18 margin to 13.7% (9MFY17 9.4%). APE growth for the quarter was subdued on higher base at 8.7%.

ICICI Prudential Lif.. has an average target of 750.62 from 8 brokers.

ICICI Prudential Life Insurance Company Ltd.

20 Jan 2018

ICICI Prudential Life Insurance Company Ltd Q3FY18 results comment

Results Update: ICICI Prudential Life Insu...

HDFC Securities

ICICI Prudential Life Insurance Company Ltd Q3FY18 results comment Operating Income grew by 3.91% to Rs. 6795.13 Cr in Q3FY18 when compared to the previous quarter.

Number of FII/FPI investors decreased from 627 to 619 in Mar 2025 qtr

Is ICICI Prudential Life Insurance Company Ltd. worth buying?

294 Votes:

Buy 80.95%

Sell 13.27%

Hold 5.78%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf