BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
ICICI Prudential Life Insurance Ltd. posted 4% year-on-year growth in new business APE over Q4 FY22 propelled by a healthy 33% YoY growth in Protection segment while Nonlinked sales increased 4% YoY and were in line with the overall growth rate.
ULIP business reported a marginal 1% decline, adversely affected by volatile capital markets.
Value of New Business grew 31% YoY to INR7.8b (21% beat).
This was primarily driven by healthy VNB margin of 29.7% in Q4 FY22 and 28.0% for FY22.
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