ICICI Prudential Life Q3 Outcomes: Internet revenue elevated by 43% in December quarter, outcomes have been higher than anticipated. – INA NEWS

ICICI Prudential Life Q3 Outcomes: ICICI Prudential Life Insurance coverage Firm has introduced the outcomes for the third quarter of the monetary yr 2024-25 at the moment on January 21. The corporate’s web revenue has elevated by 43 p.c within the October-December quarter. The corporate has reported a web revenue of Rs 326 crore within the interval, in comparison with Rs 227.47 crore in the identical quarter final yr. A decline of about one p.c was seen within the firm’s shares at the moment and the inventory closed at Rs 635.90 on BSE. The corporate has launched the outcomes after the market closed.

ICICI Prudential Life Insurance coverage Firm’s numbers beat market expectations, with a 13.52 per cent rise in revenue to Rs 257.7 crore. The corporate’s web premium earnings stood at Rs 12,261.37 crore, which is 24 p.c larger than Rs 9,929 crore in the identical quarter a yr in the past. The solvency ratio of the insurance coverage firm was 211.8 p.c, which was 196.5 p.c a yr in the past.