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14 Mar 2025 |
ICICI Prudential
|
Consensus Share Price Target
|
536.60 |
731.03 |
- |
36.23 |
buy
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05 Feb 2025
|
ICICI Prudential
|
Geojit BNP Paribas
|
536.60
|
692.00
|
605.25
(-11.34%)
|
28.96 |
Buy
|
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23 Jan 2025
|
ICICI Prudential
|
KRChoksey
|
536.60
|
625.00
|
594.70
(-9.77%)
|
Target met |
Hold
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The Gross Written Premium (GWP) for Q3FY25 stood at INR 126,601 Mn, a growth of 23.1 (+13.3% QoQ), primarily led by a 56.2% YoY surge in New Business Premium (NBP). The Value of New Business Margin contracted by 166 bps YoY (-220 bps QoQ) in Q3FY25 to 21.2% (vs. our est. of 23.5%).
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22 Jan 2025
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ICICI Prudential
|
Motilal Oswal
|
536.60
|
780.00
|
598.05
(-10.28%)
|
45.36 |
Buy
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ICICI Prudential Life Insurance (IPRU) reported new business APE growth of 28% YoY to INR24.4b (6% miss). For 9MFY25, APE grew 28% YoY to INR69.1b.
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22 Jan 2025
|
ICICI Prudential
|
BOB Capital Markets Ltd.
|
536.60
|
706.00
|
598.05
(-10.28%)
|
31.57 |
Hold
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APE grew 28% YoY in Q3 (27% YoY in 9M); RWRP APE rose 18% YoY above the industry growth is a key positive
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22 Jan 2025
|
ICICI Prudential
|
Sharekhan
|
536.60
|
750.00
|
598.05
(-10.28%)
|
39.77 |
Buy
|
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|
ICICI Prudential Life Insurance (IPRU) reported a 28% y-o-y growth in APE in Q3FY25 although it lagged estimates. For 9MFY25, APE grew 27% y-o-y. Value of New Business (VNB) grew by 19% y-o-y in Q3 (~7% below estimates).
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31 Oct 2024
|
ICICI Prudential
|
Geojit BNP Paribas
|
536.60
|
809.00
|
741.00
(-27.58%)
|
50.76 |
Hold
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24 Oct 2024
|
ICICI Prudential
|
KRChoksey
|
536.60
|
750.00
|
768.00
(-30.13%)
|
Target met |
Hold
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|
The Gross Written Premium (GWP) for Q2FY25 stood at INR 111,752 Mn, a growth of 7.2% YoY (+34.9% QoQ), primarily led by a 34.6% YoY surge in the first-year premium. GWP was lower than our estimates.
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23 Oct 2024
|
ICICI Prudential
|
Motilal Oswal
|
536.60
|
900.00
|
746.45
(-28.11%)
|
67.72 |
Buy
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IPRU Life reported NBP of INR49.3b in 2QFY25, up 13.1% YoY. For 1HFY25, NBP grew 17.4% YoY to INR86.98b.
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23 Oct 2024
|
ICICI Prudential
|
Asit C Mehta Investment Interrmediates
|
536.60
|
893.00
|
746.45
(-28.11%)
|
66.42 |
Buy
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|
ICICI Prudential premium income growth was reported higher than our estimates as the company’s retail segment remained healthy during the quarter. Along with premium income, its income from investments too remained strong on YoY basis, however, margin remained weak sequentially.
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22 Oct 2024
|
ICICI Prudential
|
Sharekhan
|
536.60
|
920.00
|
731.05
(-26.60%)
|
71.45 |
Buy
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Strong growth continued across its proprietary and banca channel which resulted in APE growth of ~21% / y-o-y in Q2FY25 although APE growth lagged estimates.
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30 Sep 2024
|
ICICI Prudential
|
Sharekhan
|
536.60
|
920.00
|
780.15
(-31.22%)
|
71.45 |
Buy
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Higher APE growth from agency/direct channel is leading to market share gains and driving strong APE growth (higher than industry) for the third consecutive quarter albeit on a low base.
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13 Sep 2024
|
ICICI Prudential
|
Emkay
|
536.60
|
750.00
|
755.25
(-28.95%)
|
Target met |
Buy
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ICICI Pru Life (IPRU) hosted its Analyst Meet 2024, where it introduced its 3C framework of Customer Centricity, Competency, and Catalyst that will enable it to deliver sustainable VNB growth.
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13 Sep 2024
|
ICICI Prudential
|
Motilal Oswal
|
536.60
|
890.00
|
755.25
(-28.95%)
|
65.86 |
Buy
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IPRU held an analyst meet to outline its granular strategy that has helped it deliver industry-beating growth in the past few months and will be key to maintaining the growth momentum in the medium term.
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29 Jul 2024
|
ICICI Prudential
|
KRChoksey
|
536.60
|
750.00
|
719.05
(-25.37%)
|
Target met |
Hold
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The Gross Written Premium (GWP) for Q1FY25 stood at INR 82,837 Mn, a growth of 12.3% (-45.3% QoQ), primarily led by a surge in the New Business Premium (NBP). GWP was lower than our estimates because a single premium segment underperformed than our expected.
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25 Jul 2024
|
ICICI Prudential
|
Sharekhan
|
536.60
|
800.00
|
701.70
(-23.53%)
|
49.09 |
Buy
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ICICI Prudential reported a ~34% y-o-y growth in APE, albeit on a lower base led by strong growth across its distribution channels. VNB margins stood at 24% vs estimates of 24.5% and 30% y-o-y.
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23 Jul 2024
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ICICI Prudential
|
Motilal Oswal
|
536.60
|
740.00
|
638.40
(-15.95%)
|
Target met |
Buy
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In 1QFY25, ICICI Prudential Life Insurance (IPRU) reported 34.4% YoY growth in APE to INR19.6b (4% miss). APE in ULIPs grew 78% YoY.
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01 Jul 2024
|
ICICI Prudential
|
KRChoksey
|
536.60
|
605.00
|
616.70
(-12.99%)
|
Target met |
Accumulate
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ICICI Prudential Life Insurance Company Ltd (IPRU) reported modest business growth in terms of APE, while the VNB margins also saw a steep fall from their peak levels in FY24. This was primarily led by the shift in the product mix towards low-yielding products such as the linked segments.
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10 May 2024
|
ICICI Prudential
|
Geojit BNP Paribas
|
536.60
|
670.00
|
591.75
(-9.32%)
|
Target met |
Buy
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26 Apr 2024
|
ICICI Prudential
|
KRChoksey
|
536.60
|
605.00
|
566.25
(-5.24%)
|
Target met |
Accumulate
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The Gross Written Premium (GWP) for Q4FY24 stood at INR 151,500 Mn, a growth of 16.6%/ 47.3% QoQ, primarily led by a 16.7% YoY/ 59.8% QoQ surge in the New Business Premium (NBP). GWP was 9.9% higher than our estimates because a single premium segment performed better than expected.
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24 Apr 2024
|
ICICI Prudential
|
Motilal Oswal
|
536.60
|
700.00
|
575.65
(-6.78%)
|
Target met |
Buy
|
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In 4QFY24, ICICI Prudential Life Insurance (IPRU) reported 9.6% YoY growth in APE to INR36.16b. The protection and ex-ULIP individual savings segments declined YoY by 4.6% and 19.9%, respectively. ULIPs grew 77% YoY.
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