ICICI Prudential Life Insurance Reports 5.3% Decline in APE for April 2025
ICICI Prudential Life Insurance Company Limited experienced a 5.30% decrease in Annual Premium Equivalent (APE) for April 2025 compared to the previous year. APE, a key metric for measuring new business growth in the insurance industry, combines annualized first-year premiums on regular policies with 10% of single premiums. This decline suggests a challenging start to the financial year for the company, potentially due to changing market conditions, increased competition, shifts in consumer preferences, or economic factors affecting insurance buying patterns.
18Apr 25
ICICI Prudential Life Insurance Faces ₹3.67 Crore GST Demand as Appeal Rejected
ICICI Prudential Life Insurance received an order from the Commissioner of CGST & Central Excise (Appeals), Mumbai, confirming a tax liability of ₹3.67 crore. The demand includes ₹1.83 crore in GST liability, an equal amount in penalties, and ₹1,611 in interest. The dispute originates from FY 2018 and involves denied service tax credits during the GST transition. The company plans to appeal the decision, stating there's no immediate financial impact.
15Apr 25
ICICI Prudential Life Insurance Reports 39.6% PAT Growth in FY2025, Recommends ₹0.85 Final Dividend
ICICI Prudential Life Insurance Company Limited announced impressive financial results for FY2025. Profit After Tax surged 39.6% to ₹1,189.00 crore. Value of New Business increased 6.4% to ₹2,370.00 crore, with a 22.8% margin. Total premium income rose 13.2% to ₹48,951.00 crore. Annualized Premium Equivalent grew 15% to ₹10,407.00 crore. The company maintained a diversified product mix and multi-channel distribution network. Assets under management grew 5.2% to ₹3,09,359.00 crore, with a strong solvency ratio of 212.2%. The Board recommended a final dividend of ₹0.85 per equity share.
ICICI Prudential Life Insurance Company Limited announced strong financial results for FY25. Net profit in Q4 FY25 surged 122% year-on-year to ₹385.00 crore. For the full fiscal year, Profit After Tax (PAT) increased by 39.6% to ₹1,189.00 crore. Value of New Business (VNB) grew by 6.4% to ₹2,370.00 crore. Total premium income rose 13.2% to ₹48,951.00 crore, while Assets Under Management grew 5.2% to ₹3.09 lakh crore. The company maintained a diversified product mix and improved its 13th month persistency ratio to 89.1%. A final dividend of ₹0.85 per share was declared for FY25.
13Apr 25
ICICI Prudential Life Insurance to Announce Q4 Results and Consider Dividend on April 15
ICICI Prudential Life Insurance Company will release its Q4 FY25 and full fiscal year 2025 results on April 15, 2025. The board will consider dividend recommendations. Trading window for designated persons will be closed from April 1 to April 17, 2025.
ICICI Prudential Life Insurance has received a tax demand of Rs 328.00 crore for the assessment year 2023-24. Despite this challenge, the company shows robust financial performance with revenue growth of 78.53% to Rs 91,712.50 crore and a 4.57% increase in net profit to Rs 850.70 crore. Total assets have grown by 17.34% to Rs 293,527.00 crore, and the investment portfolio has increased by 16.72% to Rs 289,796.00 crore.
28Mar 25
ICICI Prudential Life Insurance to Challenge ₹328 Crore Income Tax Demand
ICICI Prudential Life Insurance received a tax demand of ₹328.42 crore for AY 2023-24 from Maharashtra's Assistant Commissioner of Income Tax. The demand includes ₹265.49 crore in tax and ₹62.92 crore in interest. The company plans to appeal, citing previous favorable rulings on similar issues. Key points of contention include treatment of transfers between accounts, disallowance of exemptions, and taxation of certain incomes. ICICI Prudential Life will file an appeal with the Commissioner (Appeals) within the prescribed timeline.
28Mar 25
ICICI Prudential Life Insurance Faces ₹3.28 Billion Tax Demand for FY 2023-24
ICICI Prudential Life Insurance Company has received a tax demand of ₹3.28 billion from the Income Tax Department for the Assessment Year 2023-24. The demand includes ₹2.65 billion in income tax and ₹629 million in interest. Key issues raised include treatment of transfers between accounts, disallowance of exemptions, and taxation of certain incomes. The company plans to appeal the order, citing previous favorable rulings on similar issues.
05Mar 25
ICICI Prudential Life Insurance Sees Block Trade and Employee Stock Option Allotment
A significant block trade of 329,448 ICICI Prudential Life Insurance Company Ltd. shares occurred on NSE, valued at ₹18.17 crores at ₹551.55 per share. The company also allotted 500 equity shares under its employee stock option scheme on March 4, 2025.
05Mar 25
ICICI Prudential Life Insurance Reports Large Block Trade and Share Allotment
ICICI Prudential Life Insurance Company Ltd. saw a significant block trade on NSE involving 399,036 shares valued at Rs. 21.96 crores. Additionally, the company allotted 500 equity shares under its employee stock option scheme on March 4, 2025.
04Mar 25
ICICI Prudential Life Insurance Sees Major Block Trade Amid Recent Corporate Activities
A significant block trade of 508,893 shares of ICICI Prudential Life Insurance Company Ltd. was executed on the National Stock Exchange, valued at Rs. 27.88 crores with a per-share price of Rs. 547.90. The company also reported recent corporate activities, including an allotment of 500 equity shares under an employee stock option scheme on March 4, 2025, and upcoming investor meetings at the Jefferies 6th Asia Forum in Hong Kong on March 19-20, 2025.