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ICICI Prudential Life Insurance Company Ltd Q2FY24; 22% rise in Profits

ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company’s website.

Financial Results:

  • ICICI Prudential Life Insurance Company Ltd reported Revenues for Q2FY24 of ₹17,388.00 Crores down from ₹22,605.00 Crore year on year, a fall of 23.08%.
  • Total Expenses for Q2FY24 of ₹17,682.00 Crores down from ₹22,869.00 Crores year on year, a fall of 22.68%.
  • Consolidated Net Profit of ₹244.00 Crores up 22.0% from ₹200.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.69, up 21.58% from ₹1.39 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Insurance
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