• ICICI Prudential’s net income in the 4th quarter missed predictions, recording a total of 1.74 billion rupees, which marked a 26% decrease year over year.
• The estimated net income had stood at about 2.57 billion rupees.
• Nevertheless, the net premium income showed a positive performance, reaching 147.9 billion rupees, presenting an improvement of 17% compared to last year.
• The company reported net investment income of 72.7 billion rupees, a significant rise, seeing as last year there was a loss of 19.1 billion rupees.
• ICICI Prudential’s other income, comprising a variety of miscellaneous sources, achieved a value of 548.9 million rupees, a 26% increase year over year.
• The company declared a dividend per share of 0.60 rupees.
• The opinions on ICICI Prudential’s performance varied, with 24 buying recommendations, 7 holding recommendations, and 2 selling recommendations.
A look at ICICI Prudential Life Insurance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ICICI Prudential Life Insurance Company Limited, a prominent life insurance provider in India, is well-positioned for long-term success based on its Smartkarma Smart Scores. With a solid score of 3 in growth and resilience, the company is displaying positive signs for expansion and stability in the market. Additionally, with a momentum score of 4, ICICI Prudential Life Insurance is showing strong performance trends, suggesting a favorable outlook for future growth.
While the company’s value and dividend scores are more moderate at 2, indicating room for improvement in these areas, the overall outlook remains promising. ICICI Prudential Life Insurance‘s focus on providing essential life insurance services in India, including claim processing and electronic insurance accounts, underscores its commitment to meeting the needs of its customers and maintaining a strong position in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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