May 29, 2017 7:32 AM ET

Insurance

Company Overview of ICICI Prudential Life Insurance Company Limited

Company Overview

ICICI Prudential Life Insurance Company Limited provides life insurance, pensions, and health insurance to individuals and groups in India. It offers participating, non-participating, and unit linked products. The company also provides insurance products for individuals, such as term life, child education, retirement, and health insurance plans, as well as traditional savings/money back plans. In addition, it offers group insurance solutions for companies, such as loan protect, loan protect plus, group term plus, group gratuity, group superannuation, group leave encashment, group immediate annuity plans. Further, the company provides rural plans and other rider benefit plans, as well as cust...

ICICI Pru Life Towers

1089 Appasaheb Marathe Marg

Prabhadevi

Mumbai,  400025

India

Founded in 2000

Phone:

91 22 6662 1600

Fax:

91 22 2437 6638

Key Executives for ICICI Prudential Life Insurance Company Limited

Chief Executive Officer, Managing Director and Director
Age: 56
Total Annual Compensation: 29.2M
Chief Marketing Officer, Executive Vice President and Executive Director
Age: 47
Total Annual Compensation: 17.8M
Company Secretary
Age: 34
Total Annual Compensation: 1.9M
Executive Director of Corporate Center and Executive Director
Age: 50
Total Annual Compensation: 15.1M
Compensation as of Fiscal Year 2016.

ICICI Prudential Life Insurance Company Limited Key Developments

ICICI Prudential Life Insurance Company Limited Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2017

ICICI Prudential Life Insurance Company Limited announced audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2017. For the quarter, on consolidated basis, the company reported net premium income of INR 75,264.2 million against INR 63,432.6 million a year ago. Net commission was INR 2,507.5 million against INR 2,171 million a year ago. Profit before tax was INR 4,296.1 million against INR 4,299.6 million a year ago. Profit after tax and extraordinary items was INR 4,082.4 million against INR 4,029.5 million a year ago. Basic and diluted earnings per share (before and after extraordinary items net of tax) were INR 2.84 against INR 2.81 a year ago. For the year, on consolidated basis, the company reported net premium income of INR 221,552.5 million against INR 189,987 million a year ago. Net commission was INR 7,589.2 million against INR 6,199.8 million a year ago. Profit before tax was INR 17,844.2 million against INR 17,713.5 million a year ago. Profit after tax and extraordinary items was INR 16,816.6 million against INR 16,501.5 million a year ago. Basic and diluted earnings per share (before and after extraordinary items net of tax) were INR 11.72 against INR 11.51 a year ago. For the quarter, on standalone basis, the company reported net premium income of INR 75,264.2 million against INR 63,432.6 million a year ago. Net commission was INR 2,507.5 million against INR 2,171 million a year ago. Profit before tax was INR 4,297.9 million against INR 4,300.5 million a year ago. Profit after tax and extraordinary items was INR 4,084.2 million against INR 4,031.6 million a year ago. Basic and diluted earnings per share (before and after extraordinary items net of tax) were INR 2.84 against INR 2.81 a year ago. For the year, on standalone basis, the company reported net premium income of INR 221,552.5 million against INR 189,987 million a year ago. Net commission was INR 7,589.2 million against INR 6,199.8 million a year ago. Profit before tax was INR 17,850.1 million against INR 17,715.7 million a year ago. Profit after tax and extraordinary items was INR 16,822.3 million against INR 16,504.6 million a year ago. Basic and diluted earnings per share (before and after extraordinary items net of tax) were INR 11.72 against INR 11.51 a year ago.

ICICI Prudential Life Insurance Company Limited Proposes Special, Interim and Final Dividends for the Year Ended March 31, 2017

The board of directors of ICICI Prudential Life Insurance Company Limited declared an interim dividend of INR 3.85 per equity share (including the special dividend of INR 1.65 per share) of face value of INR 10. Further the board of directors has recommended a final dividend of INR 3.50 per equity share (including the special dividend of INR 1.20 per equity share) of the face value of INR 10 each share for the year ended March 31, 2017. The declaration and payment of final dividend is subjected to requisite approvals.

ICICI Prudential Life Insurance Company Limited, 2017 Earnings Call, Apr 25, 2017

ICICI Prudential Life Insurance Company Limited, 2017 Earnings Call, Apr 25, 2017

Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 13, 2017
Capital Small Finance Bank Limited
Merger/Acquisition
February 28, 2017
Entire Floor of 35,000 sq. ft Office Space at Crescenzo Building at Bandra-Kurla Complex, Mumbai
Private Placement
January 11, 2017
FINO PayTech Limited
 

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