ICICI Prudential Life Insurance Company Ltd
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.[1]
It is promoted by ICICI Bank and Prudential Corporation :-
ICICI Bank (51% stake)[2] - The company is a part of ICICI Bank Ltd which is the 2nd largest private bank in India. It offers a diversified range of products and services to retail, SME and corporate customers.[3]
Prudential Plc (22% stake) - It is a British multinational insurance company based in London, England. It is the largest UK life insurer in Asia with presence in India, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines and other Asian countries. It is also present in African subcontinent in Nigeria, Ghana, Togo and other countries.[4]
- Market Cap ₹ 70,530 Cr.
- Current Price ₹ 491
- High / Low ₹ 724 / 430
- Stock P/E 93.5
- Book Value ₹ 63.7
- Dividend Yield 0.11 %
- ROCE 9.25 %
- ROE 8.25 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 17.05%
Cons
- Stock is trading at 7.70 times its book value
- The company has delivered a poor sales growth of 10.50% over past five years.
- Company has a low return on equity of 11.43% for last 3 years.
- Earnings include an other income of Rs.2275.94 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Insurance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
24,422 | 14,020 | 20,023 | 21,886 | 34,451 | 20,847 | 37,814 | 38,830 | 41,460 | 21,022 | 83,180 | 62,302 | |
23,436 | 13,117 | 19,278 | 20,380 | 32,795 | 19,005 | 36,007 | 37,058 | 40,695 | 21,320 | 83,565 | 63,555 | |
Operating Profit | 985 | 904 | 745 | 1,505 | 1,656 | 1,842 | 1,807 | 1,772 | 765 | -298 | -385 | -1,252 |
OPM % | 4% | 6% | 4% | 7% | 5% | 9% | 5% | 5% | 2% | -1% | -0% | -2% |
12 | 627 | 900 | 129 | 43 | 0 | 130 | 132 | 591 | 1,578 | 1,668 | 2,276 | |
Interest | 0 | 16 | 14 | 15 | 17 | 0 | 15 | 20 | 23 | 19 | 0 | 0 |
Depreciation | 73 | 56 | 41 | 47 | 40 | 0 | 58 | 44 | 57 | 61 | 60 | 67 |
Profit before tax | 925 | 1,459 | 1,591 | 1,573 | 1,642 | 1,842 | 1,864 | 1,840 | 1,276 | 1,200 | 1,223 | 957 |
Tax % | 13% | 5% | 5% | 1% | 0% | 10% | 10% | 12% | 11% | 11% | 22% | 21% |
Net Profit | 808 | 1,386 | 1,516 | 1,562 | 1,640 | 1,650 | 1,682 | 1,620 | 1,141 | 1,069 | 960 | 754 |
EPS in Rs | 5.65 | 9.70 | 10.61 | 10.93 | 11.46 | 11.52 | 11.72 | 11.28 | 7.94 | 7.44 | 6.69 | 5.25 |
Dividend Payout % | 0% | 30% | 32% | 70% | 51% | 73% | 63% | 59% | 40% | 11% | 30% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 11% |
3 Years: | 15% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | -6% |
5 Years: | -15% |
3 Years: | -13% |
TTM: | -21% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 8% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 15% |
3 Years: | 11% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,428 | 1,429 | 1,429 | 1,429 | 1,432 | 1,432 | 1,435 | 1,436 | 1,436 | 1,436 | 1,436 | 1,437 | |
Reserves | 656 | 1,553 | 2,532 | 2,955 | 3,832 | 3,642 | 4,973 | 5,141 | 5,440 | 5,783 | 7,683 | 7,726 |
0 | 0 | 0 | 0 | 0 | 1,029 | 0 | 0 | 0 | 0 | 1,200 | 1,200 | |
66,986 | 68,641 | 71,260 | 77,090 | 95,952 | 98,663 | 118,334 | 135,245 | 156,215 | 148,817 | 206,909 | 234,077 | |
Total Liabilities | 69,071 | 71,623 | 75,220 | 81,474 | 101,216 | 104,766 | 124,743 | 141,821 | 163,090 | 156,035 | 217,228 | 244,440 |
282 | 176 | 165 | 197 | 209 | 212 | 207 | 404 | 463 | 457 | 911 | 916 | |
CWIP | 1 | 4 | 7 | 5 | 6 | 7 | 7 | 18 | 13 | 20 | 22 | 54 |
Investments | 67,935 | 70,398 | 73,717 | 80,102 | 99,492 | 103,027 | 121,586 | 138,540 | 159,009 | 151,256 | 211,736 | 237,625 |
852 | 1,045 | 1,331 | 1,171 | 1,509 | 1,520 | 2,943 | 2,859 | 3,606 | 4,301 | 4,559 | 5,845 | |
Total Assets | 69,071 | 71,623 | 75,220 | 81,474 | 101,216 | 104,766 | 124,743 | 141,821 | 163,090 | 156,035 | 217,228 | 244,440 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,724 | 2,830 | -2,640 | -2,381 | 528 | 3,636 | 4,132 | 5,693 | 11,381 | 8,600 | 7,320 | 1,831 | |
-5,770 | -814 | 1,563 | 6,004 | -1,820 | 25 | -699 | -5,392 | -7,563 | -10,802 | -5,090 | -815 | |
2 | -362 | -514 | -1,091 | -966 | -1,442 | -994 | -1,188 | -843 | -405 | 1,205 | -319 | |
Net Cash Flow | -1,044 | 1,654 | -1,591 | 2,532 | -2,257 | 2,219 | 2,439 | -887 | 2,975 | -2,608 | 3,434 | 696 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | -19 | -29 | -19 | -17 | -10 | -16 | -2 | -9 | -9 | -5 | -2 | -6 |
ROCE % | 58% | 46% | 38% | 34% | 32% | 30% | 29% | 19% | 17% | 14% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6h - Read with para A of part A of Schedule III and Regulation 46(2) of SEBI (LODR) Regulations, 2015.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 7h
- Shareholder Meeting / Postal Ballot-Outcome of AGM 7h
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - ICICI Prudential Life Insurance Company Limited has allotted 4,940 equity shares of face value of Rs. 10 each on June 27, 2022 under its employee …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jun - Read with para A of part A of Schedule III and Regulation 46(2) of SEBI (LODR) Regulations, 2015.
Annual reports
Concalls
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Transcript - Apr 22
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Transcript - Nov 17
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Transcript - Apr 17
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Transcript - Oct 16
Ratios FY21
Solvency Ratio - 217%
Claim Settlement Ratio - 98%[1]
Cost Ratio - 15%[2]
Commission Ratio - 4.2%
Net Retention Ratio - 98%[3]
VNB Margin - 25%[4]
Persistency Ratio (13 months) - 87%
Persistency Ratio (61 months) - 60%[1]