- ICICI Prudential reported a net income of 2.25 billion rupees for the first quarter of 2024.
- This net income reflects an 8.7% increase year-over-year (y/y), but it missed the estimate of 2.3 billion rupees.
- Net premium income for the quarter was 78.7 billion rupees, showing a 12% increase y/y.
- Net investment income stood at 173.5 billion rupees, up by 8.2% y/y.
- Other income was reported at 543.9 million rupees, marking a 22% rise y/y.
- Analyst recommendations include 19 buys, 11 holds, and 2 sells.
A look at ICICI Prudential Life Insurance Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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 based in India is positioned for a promising long-term outlook, as indicated by Smartkarma’s Smart Scores. With a moderate Value score and Dividend score, the company shows stability and potential for growth. The higher scores in Growth, Resilience, and Momentum highlight ICICI Prudential’s robust position in the market and its ability to adapt to changing circumstances. This combination suggests a solid foundation and potential for future success in the life insurance sector.
ICICI Prudential Life Insurance, a company in India that offers life insurance services, appears to have a positive outlook overall. The company’s focus on claim processing and electronic insurance accounts aligns with industry trends, while its operations in India provide a strong market presence. With a mix of promising scores across key factors, including Growth, Resilience, and Momentum, ICICI Prudential displays resilience and potential for continued success in the life insurance industry.
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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