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.

23 Apr 2021

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

Buy: ICICI Prudential Life Insu...

Target

Geojit BNP Paribas

Gross premium income rose 13.7% YoY in Q4FY21 driven by new business premium (+22.9% YoY) and retail renewal premium (+6.1%). VNB stood at Rs. 591cr, while VNB margin contracted marginally to 23.6%, driven by protection mix and non-linked business. PAT reached Rs. 65cr (-63.6% YoY, -78.6% QoQ) impacted by higher benefits paid and rise in actuarial liabilities. Profitability is expected to improve due to strong persistency ratios and reduction in discretionary spends along with growth potential in...

Prabhudas Lilladhar upgraded ICICI Prudential Life Insurance Company Ltd. to Buy with a price target of 710.0 on 15 Oct, 2025.

ICICI Prudential Life Insurance Company Ltd.

20 Apr 2021

Business growth perks up on strengthened distribution and product segments

Buy: ICICI Prudential Life Insu...

Target

Motilal Oswal

ICICI Prudential Life (IPRU) posted 23% YoY growth in new business premium, led by a steady traction in both regular and single premium business. APE in 4Q grew 27% YoY (22% beat, 27% YoY decline in 9MFY21), led by a 106% growth in Non-Linked Savings APE. Annuity APE grew 215% YoY (120% for FY21), while linked APE growth recovered to 11% YoY. Persistency improved across most cohorts, with 13th month persistency at 84.8% (higher than pre-COVID levels). VNB margin moderated to 23.6% (25.1% in FY21), led by moderation in...

ICICI Prudential Lif.. has an average target of 743.22 from 9 brokers.

ICICI Prudential Life Insurance Company Ltd.

20 Apr 2021

Q4FY21 Result Update - Improved growth, need to watch momentum - Upgrade to 'Accumulate'

Accumulate: ICICI Prudential Life Insu...

Recommendation Target

Prabhudas Lilladhar

EV growth was strong at 26%; maintains at 3.32bn of COVID reserve for claims ICICI Pru Life's APE growth was strong at 28% YoY/53% QoQ in Q4FY21 leading to FY21 de-growth of 12.5% (44% decline in Q1FY21). Growth improvement helped deliver strong VNB growth of 26% YoY/38% QoQ in Q4FY21 to end FY21 at a 1% growth. Management maintains its guidance to double absolute VNB by FY23 on FY19 base which is 28% average growth for next two years. FY21 had tailwinds on VNB margins of 390bps from business mix change (de-growth in lower margin products) and to achieve double VNB...

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

ICICI Prudential Life Insurance Company Ltd.

09 Mar 2021

Monthly Update - FY21 likely to end with positive growth

Sell: ICICI Prudential Life Insu...

Prabhudas Lilladhar

IPru Life posted a 7% YoY growth on overall APE and 6% on individual APE, a first positive growth in 13 months. On FYTD21 new business de-grew -27% and is likely to end in negative growth for second consecutive year. IPru Life...

ICICI Prudential Lif.. has an average target of 743.22 from 9 brokers.

ICICI Prudential Life Insurance Company Ltd.

02 Feb 2021

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

Buy: ICICI Prudential Life Insu...

Target

Geojit BNP Paribas

Strong quarter with solid growth in premium ICICI Prudential Life Insurance Co. Ltd. is a joint venture between ICICI Bank and Prudential Corp. Holdings. The issuer offers protection for life and health...

Number of FII/FPI investors decreased from 619 to 604 in Jun 2025 qtr

ICICI Prudential Life Insurance Company Ltd.

28 Jan 2021

Distribution, product diversity to drive premium growth / VNB

Buy: ICICI Prudential Life Insu...

Target

Motilal Oswal

ICICI Prudential Life (IPRU) posted 14% YoY growth in new business premium, led by a sharp rise in the single premium business. However, on APE, new business declined 18% YoY, largely due to ULIP plunging 39% YoY (strong trends reported on a sequential basis). Persistency rate improved in 13th/61st month by 60bp/50bp QoQ to 82.7%/58.0%. However, on a YoY basis, it declined across cohorts (barring 61st month). Overall, persistency in the Protection segment has improved sharply. VNB margins moderated to 25.7% (26% in 9MFY21), led by moderation in...

ICICI Prudential Lif.. has an average target of 743.22 from 9 brokers.

ICICI Prudential Life Insurance Company Ltd.

28 Jan 2021

Q3FY21 Result Update - New products could propel growth - REDUCE

Sell: ICICI Prudential Life Insu...

Recommendation Target

Prabhudas Lilladhar

Slower growth in retail term business comes as negative surprise ICICI Pru Life's APE growth rate improved to -18% YoY/13% QoQ and -27% YoY on 9MFY21 basis. Volumes have recovered gradually but ticket sizes have been on lower side. Protection share dipped to 18% from 19.5% in H2 on back of drop in retail protection & recovery in ULIP and strong non-par savings. Management was cautious on retail protection in view with risk management due to pandemic and saw strong group protection growth. Margins have largely held up at 26%, while VNB has flattish. New products,...

Prabhudas Lilladhar upgraded ICICI Prudential Life Insurance Company Ltd. to Buy with a price target of 710.0 on 15 Oct, 2025.

ICICI Prudential Life Insurance Company Ltd.

02 Nov 2020

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED

Buy: ICICI Prudential Life Insu...

Target

Geojit BNP Paribas

Quarter dented by weak ULIPs; Outlook positive ICICI Prudential Life Insurance Co. Ltd. is a joint venture between ICICI Bank and Prudential Corp. Holdings. The issuer offers protection for life and health...

ICICI Prudential Lif.. has an average target of 743.22 from 9 brokers.

ICICI Prudential Life Insurance Company Ltd.

28 Oct 2020

Q2FY21 Result Update - Continued margin tailwinds- Upgrade to 'HOLD'

Hold: ICICI Prudential Life Insu...

Recommendation Target

Prabhudas Lilladhar

ICICI Pru Life's delivered a strong uptick in margins to 27.4% in Q2FY21 & 26.3% on H1FY21 basis which was up 295bps QoQ improvement and is up 188bps up from Q1FY21 to H1FY21 basis. Tailwinds on margins have been on healthy mix change towards non-par savings & protection, while re-pricing benefit & opex control also help deliver margins. Protection share is now 19% in APE mix, although it is still lagging to peers with de-growth of 18% YoY in Q2FY21 & 10% YoY in H1FY21. Though margins have been strong, we believe margins will not sustain due to recovery in ULIP post Q4FY21, retraction of...

Prabhudas Lilladhar upgraded ICICI Prudential Life Insurance Company Ltd. to Buy with a price target of 710.0 on 15 Oct, 2025.

ICICI Prudential Life Insurance Company Ltd.

27 Oct 2020

VNB margins improve sharply; expanding banca distribution to aid growth

Buy: ICICI Prudential Life Insu...

Target

Motilal Oswal

ICICI Prudential Life (IPRU) posted a sharp improvement in VNB margins at 27.4% (the highest among the listed insurers). This was aided by the growing mix of the Non-Linked Savings business and improvement in Protection margins as the entire re-insurance hike was passed on to the customer. APE declined 23% YoY, mainly led by a 45% YoY plunge in ULIP (reported strong trends on a sequential basis). Persistency rate exhibited a mixed trend; it showed marginal improvement in 13th/61st month, but declined in other cohorts. Overall, persistency in the Protection segment...

ICICI Prudential Lif.. has an average target of 743.22 from 9 brokers.

Is ICICI Prudential Life Insurance Company Ltd. worth buying?

296 Votes:

Buy 81.08%

Sell 13.18%

Hold 5.74%

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