ICICI Prudential Life Insurance share price: Insurance stock, a constituent of the BSE 200, had reported its Q4 results on April 14. The company reported a strong Q4 performance, with net premium income rising 17 per cent year on year to Rs 19,180 crore and net profit increasing 58 per cent year on year to Rs 609 crore from Rs 386 crore a year ago; the insurer also reported a 13th-month persistency ratio of 84.5 per cent and a 61st month persistency ratio of 61.6 per cent.
The company also declared a dividend of Rs 1.65 per share, and guided for an FY26 VNB margin of 24.7 per cent versus 22.8 per cent in FY25. Following the Q4 results, the brokerages are bullish on the life insurance stock. Check various brokerages’ ratings if you are planning to buy, sell, hold or add this stock.
The brokerage firm, Emkay, maintains an add rating with a target price of Rs 700 (Upside 35.9%). Here’s why:
The brokerage firm, Nomura, has maintained a buy call with an unchanged target price of Rs 680. Here’s why:
The brokerage firm, Nuvama Research, has retained a buy rating. However, the firm has changed the target price to Rs 750 (earlier Rs 790). Here’s why:
Protection share improved 260 bp YoY, aiding VNB margin of 25.2% (+251bp YoY).
Consequently, VNB improved 21.4% YoY to Rs 9.7 billion (+8.8% versus estimate). Though management did not explicitly provide growth guidance, they expect growth to improve, aided by a favourable base.
The brokerage has slightly reduced its FY27E/28E VNB estimates by 1.4/1.1%.
The brokerage firm, Nirmal Bang, maintains a buy call with a target price of Rs 660, implying a potential upside of 28 per cent from current levels. Here’s why:
Prudential Plc has agreed to acquire a 75% controlling stake in Bharti Life Insurance for an initial consideration of Rs 35 billion; regulatory approvals are expected to require Prudential to reduce its current 22% stake in IPRU to below 10%. On its stake falling below 10%, Prudential will cease to be a promoter of IPRU and will lose its board seat.
Key negative is likely to be the loss of business from Standard Chartered, but we believe this fallout is manageable given the partner breadth.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
