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ICICI Prudential Life Insurance reports 23% fall in Q4 consolidated net profit

ICICI Prudential Life Insurance reports 23% fall in Q4 consolidated net profit

Mumbai : ICICI Prudential Life Insurance has reported results for the fourth quarter and year ended March 31, 2019. The company has reported a fall of 23.26% in its net profit at Rs 261.37 crore for the quarter ended March 31, 2019 as compared to Rs 340.58 crore for the same quarter in the previous year. However, total income of the company reported 2-fold jump at Rs 16,053.90 crore for quarter under review as compared to Rs 7,136.87 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported fall of 23.29% in its net profit at Rs 261.02 crore for the quarter ended March 31, 2019 as compared to Rs 340.26 crore for the corresponding quarter in the FY18. However, total consolidated income of the company reported 2-fold jump at Rs 16,053.89 crore for quarter under review as compared to Rs 7,136.87 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a fall of 29.58% in its net profit at Rs 1,140.65 crore as compared to Rs 1,619.83 crore for the previous year. However, total income of company increased 8.33% at Rs 41,400.26 crore for year under review as compared to Rs 38,217.43 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted fall of 29.66% in its net profit at Rs 1,138.92 crore as compared to Rs 1,619.17 crore for the previous year. However, total income of company increased by 8.33% at Rs 41,400.27 crore for year under review as compared to Rs 38,217.43 crore for year ended March 31, 2018.



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