Icici Prudential Life Insurance Company Limited
ICICI Pru Life is promoted by ICICI Bank and Prudential Corporation Holdings Ltd (Prudential), a part of the Prudential PLC group of UK. ICICI Bank and Prudential held 51.22% and 22.05% share, respectively, in ICICI Pru Life as on June 30, 2024. The ...
Key Metrics
EPS
5.91
Current ratio
1.24
Debt/Equity
26.17
Debt/EBITDA
252.28
Interest coverage ratio
0.00
Operating Cashflow to total debt
-1.10
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Strategic importance to, and expected support from, ICICI Bank
Established market position within the life insurance industry
Well-diversified distribution channels
Healthy persistency metrics and profitability
Adequate capital position
Liquidity: Superior
Cons
Ability to sustain growth in non-linked segments
Exposure to competition in the insurance business and associated challenges
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About Icici Prudential Life Insurance Company Limited bond.
This comprehensive profile covers key factual information about Icici Prudential Life Insurance Company Limited. ICICI Pru Life is promoted by ICICI Bank and Prudential Corporation Holdings Ltd (Prudential), a part of the Prudential PLC group of UK. ICICI Bank and Prudential held 51.22% and 22.05% share, respectively, in ICICI Pru Life as on June 30, 2024. The company commenced operations in fiscal 2001 and was among India’s first private sector life insurance companies. It offers diversified products to cater to the needs of customers across different life stages, enabling them to meet their long-term savings, life protection, healthcare and retirement planning needs. EPS in Mar-2024 was 5.91. Current ratio in Mar-2024 was 1.24. Debt/Equity in Mar-2024 was 26.17. Debt/EBITDA in Mar-2024 was 252.28. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -1.10. Total revenue for Mar-2025(E) was ₹94459.72. Net income for Mar-2025(E) stood at ₹716.75. Total assets as of Mar-2024 were ₹299,000.66. Operating cash flow for Mar-2024 was ₹-7,315.06. Peers and comparison entities consist of Icici Prudential Life Insurance Company Limited, Life Insurance Corporation Of India, Bajaj Finserv Limited, SBI Life Insurance Company Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strategic importance to, and expected support from, ICICI Bank; Established market position within the life insurance industry; Well-diversified distribution channels; Healthy persistency metrics and profitability; Adequate capital position; Liquidity: Superior. Key risks include: Ability to sustain growth in non-linked segments; Exposure to competition in the insurance business and associated challenges. Leadership team details include Amit Palta (Chief Distribution Officer), Anuj Bhargava (Non Executive Director), Anup Bagchi (Managing Director & CEO), Deepak Kinger (Chief Risk & Compliance Officer), Dhiren Salian (Chief Financial Officer), Dileep Choksi (Independent Director), Dilip Karnik (Independent Director), Ganessan Soundiram (Chief Technology Officer), Judhajit Das (Chief Human Resource Officer), Manish Kumar (Chief Investment Officer), Naved Masood (Independent Director), Priya Nair (Company Secretary), R K Nair (Independent Director), Rajiv Adhikari (Head), Sandeep Batra (Chairman), Solmaz Altin (Non Executive Director), Souvik Jash (Actuary), Vibha Paul Rishi (Independent Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.