ICICI Prudential Life Insurance Company Ltd. Reports Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 24, 2017 at 04:26 am EST
Share
ICICI Prudential Life Insurance Company Ltd. reported audited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net premium income of INR 56,975.1 million against INR 44,196.7 million a year ago. Profit before tax was INR 4,870.6 million against INR 4,862.4 million a year ago. Profit carried to balance sheet was INR 8,598.8 million against INR 2,096.4 million a year ago. Total income was INR 52.13 billion against INR 62.11 billion a year ago.
For the nine months, the company reported net premium income of INR 146,288.3 million against INR 126,554.4 million a year ago. Profit before tax was INR 13,552.2 million against INR 13,415.1 million a year ago. Profit carried to balance sheet was INR 8,598.8 million against INR 2,096.4 million a year ago. Total income was INR 235.62 billion against INR 143.27 billion a year ago.
ICICI Prudential Life Insurance Company Limited is engaged in carrying on the business of providing life insurance, pensions and health insurance products to individuals and groups. The Companyâs segments include Par Life, Par Pension, Non-Par Life, Non-Par Pension, Non-Par Variable, Non-Par Variable Pension, Annuity Non-Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, and Linked Group Pension. Its non-linked insurance savings plans include ICICI Pru Gift Pro, ICICI Pru Lakshya, ICICI Pru Guaranteed Income for Tomorrow, ICICI Pru Gold, ICICI Pru Sukh Samruddhi, ICICI Pru Future Perfect, ICICI Pru Savings Suraksha, and ICICI Pru Anmol Bachat. Its protection plans include ICICI Pru iProtect Smart, ICICI Pru iProtect Return of Premium, ICICI Pru Saral Jeevan Bima, ICICI Pru Heart Cancer Protect, and others. Its Unit-Linked Insurance Plans include ICICI Pru Signature, ICICI Pru LifeTime Classic, ICICI Pru Smart Life, ICICI Pru Platinum, and others.