ICICI Prudential Life Q3 Profit Flat at Rs 227 Crore - PTI
Jan 17, 2024 20:59
ICICI Prudential Life Insurance reported a flat net profit of Rs 227 crore for the third quarter ended December 2023. The company's net premium income increased to Rs 9,929 crore.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Jan 17 (PTI) ICICI Prudential Life Insurance on Wednesday reported a flat net profit of Rs 227 crore for the third quarter ended December 2023.
The company had posted a profit of Rs 221 crore in the same quarter a year ago.
During the third quarter of this fiscal the net premium income increased to Rs 9,929 crore, as against Rs 9,465 crore in the same period a year ago, ICICI Prudential Life said in a regulatory filing.
The assets under management of the company increased to Rs 2,86,676 crore as against Rs 2,51,884 crore at the end of third quarter of previous fiscal, it said.
The company's net worth was Rs 11,075 crore on December 31, 2023 while the solvency ratio was 196.5 per cent against the regulatory requirement of 150 per cent.
Home »
Market News » ICICI Prudential Life Q3 Profit Flat at Rs 227 Crore - PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
India Fruit Exports Surge 47% in 5 Years: Govt
Indian fruit exports have increased by 47.5% in the last five years, driven by free...
INOX Air Products Launches First Green Hydrogen...
INOX Air Products commissions its first green hydrogen plant at Asahi India Glass...
Sebi Extends Cybersecurity Framework Deadline...
Sebi has extended the deadline for regulated entities to adopt a cybersecurity...
Sebi Delays Intra-day Position Limit Penalties
Sebi postpones penalties for breaching intra-day position limits for index derivatives,...
Nayara Energy Appoints Deepesh Baxi as CFO
Nayara Energy, India's largest private fuel retailer, has appointed Deepesh Baxi as its...
Bullion Rates Today: Gold, Silver Prices in India
Get the latest bullion rates for gold and silver in India. Check today's prices for...
Federal Bank Acquires Additional 4% Stake in...
Federal Bank has signed an agreement to acquire an additional 4% stake in Ageas Federal...
India Gold Imports: 48 Countries, Duty Details...
India imported gold from 48 countries in 2023-24. Learn about import duties, FTA...
India-UK FTA to Boost Leather, Textile,...
India's proposed free trade agreement with the UK is expected to significantly boost...
Indian Stock Market Gains 5% in FY25, Investors...
Indian stock markets surged over 5% in FY25, boosting investor wealth by Rs 25.90 lakh...
Read More »