ICICI Prudential Q2 FY25 Results Preview: Net profit likely to rise 11%, premium income may expand 13%

ICICI Prudential Q2 FY25 Results Preview: ICICI Prudential Life Insurance Company—a Mumbai-headquartered private sector life insurance firm—is set to report its quarterly numbers on Tuesday, October 22. Analysts expect the insurer to stage a strong financial performance for the July-September period on the back of robust new business premiums (NBPs)—a key metric that determines the amount of money collected as premiums from the sale of new policies over a given period. 

ICICI Prudential Life Insurance Q2 Earnings Preview | What investors can expect in top-line and bottom-line?

According to Zee Business research, ICICI Prudential Life Insurance Company is estimated to register a net profit of Rs 270 crore for the quarter ended September 30, which translates to an increase of 10.6 per cent over the corresponding period a year ago. The analysts expect its gross premium income to grow 12.6 per cent to Rs 11,740 crore on a year-on-year basis.

ICICI Prudential Life Insurance | Other key things to track

The life insurance firm is estimated to register 7.8 per cent growth in its value of new business (VNB)—a key measure of profitability for insurance businesses, according to the research.

Zee Business analysts expect the company to stage a sequential improvement in its VNB margin. 

ICICI Pru Share Price

On Tuesday, ICICI Prudential Life Insurance Company shares traded flat near the Rs 749 mark at noon. 

At these levels, the life insurance stock has rewarded investors with a 40 per cent return in 2024 so far, sharply outperforming a 13 per cent rise in the headline Nifty50 index. 

The Nifty Financial Services index—whose 20 stocks span the banking, financial services and insurance (BFSI) space including ICICI Prudential—rose 11 per cent during this period. 

ALSO READ: Bajaj Finance Q2 FY25 results due today; PAT to likely grow 13.3%, AUM may expand 30%

Catch all the latest stock market updates here. For all other news stories in buzzing categories like technology, automobiles and personal finance, and much more, visit Zeebiz.com.