ICICI Prudential Life Insurance Q1 loss at Rs 186 crore

ICICI Prudential Life Insurance Company on Tuesday reported a net loss of Rs 185.73 crore for June quarter 2021-22. It had posted a net profit of Rs 287.59 crore in the year-ago period. In the previous quarter (January-March 2021), the insurer reported a profit of Rs 63.78 crore.

The company’s total income was down at Rs 16,724.05 crore in the Q1 as against Rs 19,057.42 crore in the year-ago period, ICICI Prudential said in a regulatory filing.  Of this, the net premium income was Rs 6,601.85 crore as against Rs 5,551.07 crore.

ICICI Prudential stock settled at Rs 604.85 on BSE, down 3.39 per cent from the previous close. PTI KPM ANU ANU