ICICI Prudential Life Insurance Executes Rs. 99.54 Crore Block Trade on NSE

ICICI Prudential Life Insurance Company Limited , one of India's leading private life insurers, recently executed a significant block trade on the National Stock Exchange (NSE). The transaction involved approximately 1,703,848 shares changing hands at a price of Rs. 584.20 per share, totaling Rs. 99.54 crore in value.

Transaction Details

The block deal, which took place on the NSE, showcases continued interest in ICICI Prudential Life Insurance's stock. Here are the key details of the transaction:

Particulars	Details
Number of Shares	1,703,848
Price per Share	584.20
Total Transaction Value	99.54

Company Performance

While this block trade is noteworthy, it's important to consider it in the context of ICICI Prudential Life Insurance's recent financial performance. The company reported:

26.00% year-on-year growth in Profit After Tax (PAT) to Rs. 601.00 crore
Value of New Business (VNB) of Rs. 1,049.00 crore with a margin of 24.50%
9.70% year-on-year growth in Embedded Value to Rs. 50,501.00 crore
19.30% year-on-year increase in New Business Sum Assured to Rs. 6.77 lakh crore

Market Implications

The execution of this block trade may indicate institutional interest in ICICI Prudential Life Insurance's stock. The significant size of the transaction, involving over 1.7 million shares, underscores the substantial nature of this trading activity.

Conclusion

This block trade represents a significant transaction in ICICI Prudential Life Insurance's shares. As the company continues to show strong financial performance, investors and market analysts will likely keep a close watch on further developments and trading patterns in its stock.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.68%	-0.83%	-2.84%	+3.68%	-19.86%	+40.40%

ICICI Prudential Life Insurance Company Limited has reported a strong financial performance for the first half of the fiscal year, with profit after tax (PAT) growing 26% year-on-year to ₹601.00 crore.

Key Financial Highlights

Value of New Business (VNB) stood at ₹1,049.00 crore with a margin of 24.5%
Embedded Value (EV) grew by 9.7% year-on-year to ₹50,501.00 crore
Total premium increased by 9.2% year-on-year to ₹21,251.00 crore
New Business Sum Assured rose by 19.3% year-on-year to ₹6.77 lakh crore

Business Performance

The company's Annualised Premium Equivalent (APE) stood at ₹4,286.00 crore for the first half, with a 2-year CAGR of 10.3%. The total in-force sum assured, representing the quantum of life cover for customers, grew by 15.9% year-on-year to ₹42.16 lakh crore.

ICICI Prudential Life maintained a well-diversified product mix, with APE contributions as follows:

Product Type	Contribution
Linked products	48.1%
Non-linked	21.8%
Protection	19.3%
Group funds	5.8%
Annuity	5.0%

Operational Efficiency

The company reported improvements in operational efficiency:

Cost-to-premium ratio reduced by 280 basis points to 19.2%
Cost-to-premium for the savings business decreased by 280 basis points to 12.7%

Customer-Centric Metrics

ICICI Prudential Life demonstrated strong customer-centric performance:

13th month persistency ratio stood at 85.3%
Claim settlement ratio of 99.3%
Average turnaround time of 1.1 days for non-investigated individual death claims

Capital Position and Investments

The company maintained a robust capital position:

Solvency ratio of 213.2% as of September 30, well above the regulatory requirement of 150%
Assets under management (AUM) stood at ₹3.21 lakh crore
96.2% of fixed income investments were in sovereign or AAA rated instruments

Management Commentary

Anup Bagchi, MD & CEO of ICICI Prudential Life Insurance, commented on the results: "We welcome the Indian Government's recent GST reforms aimed at making life insurance affordable and accessible. We have passed on the benefit of GST exemption to our customers, enabling them to enjoy savings on their premium payments."

He added, "The early trends indicate a positive response post the GST exemption. We have observed growth in website traffic, both lead volumes and conversion rates across product segments, indicating enhanced customer traction. Specifically, the effect of GST exemption has been more pronounced in the retail protection category."

Future Outlook

ICICI Prudential Life's management is prioritizing increasing absolute Value of New Business (VNB) rather than focusing on margins. This strategic shift aligns with the company's focus on profitable growth and operational efficiency.