ICICI Prudential Life Insurance
Market Cap
₹746.3b
Last Updated
2020/01/25 13:08 UTC
Data Sources
Company Financials +
Executive Summary
ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India.
Rewards
Risk Analysis
Snowflake Analysis
Limited growth unattractive dividend payer.
Share Price & News
How has ICICI Prudential Life Insurance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 540133 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.9%
540133
0.3%
IN Insurance
-0.5%
IN Market
1 Year Return
74.0%
540133
49.1%
IN Insurance
9.6%
IN Market
Return vs Industry: 540133 exceeded the Indian Insurance industry which returned 40.8% over the past year.
Return vs Market: 540133 exceeded the Indian Market which returned 6.7% over the past year.
Shareholder returns
| 540133 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.9% | 0.3% | -0.5% |
| 30 Day | 5.3% | 1.8% | 2.9% |
| 90 Day | 7.1% | 7.1% | 6.2% |
| 1 Year | 75.0%74.0% | 50.1%49.1% | 11.6%9.6% |
| 3 Year | 52.1%46.9% | 32.6%23.0% | 29.8%22.9% |
| 5 Year | n/a | 34.4%20.3% | 36.7%24.4% |
Price Volatility Vs. Market
How volatile is ICICI Prudential Life Insurance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Should Income Investors Buy ICICI Prudential Life Insurance Company Limited (BOM:540133) Before Its Ex-Dividend?1 year ago | Simply Wall St
How To Take Advantage Of ICICI Prudential Life Insurance Company Limited (BOM:540133) In A Bear MarketValuation
Is ICICI Prudential Life Insurance undervalued compared to its fair value and its price relative to the market?
64.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 540133 (₹489.85) is trading above our estimate of fair value (₹112.33)
Significantly Below Fair Value: 540133 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 540133 is poor value based on its PE Ratio (60.5x) compared to the Insurance industry average (57.8x).
PE vs Market: 540133 is poor value based on its PE Ratio (54.1x) compared to the Indian market (13.8x).
Price to Earnings Growth Ratio
PEG Ratio: 540133 is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: 540133 is overvalued based on its PB Ratio (9.7x) compared to the IN Insurance industry average (6.3x).
Next Steps
Future Growth
How is ICICI Prudential Life Insurance forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 540133's forecast earnings growth (17.7% per year) is above the savings rate (6.5%).
Earnings vs Market: 540133's earnings (17.7% per year) are forecast to grow slower than the Indian market (19.8% per year).
High Growth Earnings: 540133's earnings are forecast to grow, but not significantly.
Revenue vs Market: 540133's revenue (11% per year) is forecast to grow faster than the Indian market (8.6% per year).
High Growth Revenue: 540133's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 540133's Return on Equity is forecast to be low in 3 years time (18.9%).
Next Steps
Past Performance
How has ICICI Prudential Life Insurance performed over the past 5 years?
-7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540133 has a high level of non-cash earnings.
Growing Profit Margin: 540133's current net profit margins (3.1%) are lower than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: 540133's earnings have declined by -3.2% per year over the past 5 years.
Accelerating Growth: 540133's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 540133 had negative earnings growth (-21.1%) over the past year, making it difficult to compare to the Insurance industry average (0.6%).
Return on Equity
High ROE: 540133's Return on Equity (17.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ICICI Prudential Life Insurance's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 540133 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 540133's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: 540133's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if 540133 has a sufficient allowance for bad loans.
Low Risk Liabilities: 540133 reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 540133 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 540133 has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 540133 has an appropriate level of bad loans.
Next Steps
Dividend
What is ICICI Prudential Life Insurance's current dividend yield, its reliability and sustainability?
0.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 540133's dividend (0.33%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: 540133's dividend (0.33%) is low compared to the top 25% of dividend payers in the Indian market (2.31%).
Stability and Growth of Payments
Stable Dividend: 540133 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 540133 has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26%), 540133's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 540133's dividends in 3 years are forecast to be well covered by earnings (42.4% payout ratio).
Next Steps
Management
What is the CEO of ICICI Prudential Life Insurance's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Narayanan Kannan (54yo)
1.6yrs
Tenure
₹43,594,879
Compensation
Mr. Narayanan Srinivasa Kannan, BE, CFA, PGDM is Chief Executive Officer, Managing Director and Whole-time Director at ICICI Prudential Life Insurance Company Ltd. since June 19, 2018. Mr. Kannan served as ...
CEO Compensation Analysis
Compensation vs Market: Narayanan's total compensation ($USD615.19K) is below average for companies of similar size in the Indian market ($USD1.12M).
Compensation vs Earnings: Insufficient data to compare Narayanan's compensation with company performance.
Management Age and Tenure
2.5yrs
Average Tenure
47.5yo
Average Age
Experienced Management: 540133's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
2.0yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 540133's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: 540133 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 2,000 |
| Max Price | ₹527.29 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | ₹519.84 |
| Entity | Individual |
| Shares | 4,800 |
| Max Price | ₹511.30 |
| Entity | Individual |
| Shares | 3,280 |
| Max Price | ₹505.03 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | ₹470.00 |
| Entity | Individual |
| Shares | 4,480 |
| Max Price | ₹426.63 |
| Entity | Individual |
| Shares | 6,000 |
| Max Price | ₹453.40 |
| Entity | Individual |
| Shares | 11,000 |
| Max Price | ₹438.15 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 20,000 |
| Max Price | ₹430.11 |
| Entity | Individual |
| Shares | 5,490 |
| Max Price | ₹437.05 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 5,000 |
| Max Price | ₹420.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Deputy MD & Whole-time Director |
| Shares | 30,000 |
| Max Price | ₹406.67 |
| Entity | Individual |
| Role | Head of Investor Relations Investor Relation |
| Shares | 3,600 |
| Max Price | ₹411.75 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 3,000 |
| Max Price | ₹403.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Deputy MD & Whole-time Director |
| Shares | 20,000 |
| Max Price | ₹404.74 |
| Entity | Individual |
| Role | Head of Investor Relations Investor Relation |
| Shares | 2,900 |
| Max Price | ₹402.74 |
| Entity | Individual |
| Shares | 18,250 |
| Max Price | ₹389.25 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | ₹410.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Deputy MD & Whole-time Director |
| Shares | 30,000 |
| Max Price | ₹403.16 |
| Entity | Individual |
| Shares | 3,000 |
| Max Price | ₹405.00 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 5,000 |
| Max Price | ₹396.51 |
| Entity | Individual |
| Shares | 21,700 |
| Max Price | ₹397.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Deputy MD & Whole-time Director |
| Shares | 17,500 |
| Max Price | ₹400.54 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 5,000 |
| Max Price | ₹391.99 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | ₹363.47 |
| Entity | Individual |
| Role | Head of Human Resources Chief of Human Resources |
| Shares | 16,250 |
| Max Price | ₹382.12 |
| Entity | Company |
| Shares | 53,267,605 |
| Max Price | ₹326.83 |
| Entity | Individual |
| Shares | 14,000 |
| Max Price | ₹350.51 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | ₹344.20 |
| Entity | Individual |
| Shares | 4,700 |
| Max Price | ₹342.17 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | ₹353.02 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Narayanan Kannan (54yo)
CEO, MD & Whole-time Director
- Tenure: 1.6yrs
- Compensation: ₹43.59m
Puneet Nanda (50yo)
Deputy MD & Whole-time Director
- Tenure: 9.4yrs
- Compensation: ₹52.76m
Manish Kumar (48yo)
Chief Investments Officer
Satyan Jambunathan (47yo)
Chief Financial Officer
- Tenure: 4yrs
- Compensation: ₹30.06m
Vikas Gupta
Investor Relation
Deepak Kinger (44yo)
Chief Risk & Compliance Officer
- Tenure: 3.5yrs
Vyoma Manek (37yo)
Company Secretary
- Tenure: 4.7yrs
- Compensation: ₹5.06m
Judhajit Das (47yo)
Chief of Human Resources
Ajay Chowdhary (54yo)
Head of Group Business
Manish Dubey
Executive VP & Chief Marketing Officer
- Tenure: 1.5yrs
Board Members
Narayanan Kannan (54yo)
CEO, MD & Whole-time Director
- Tenure: 1.6yrs
- Compensation: ₹43.59m
Madras Ramachandran (74yo)
Independent Chairman of the Board
- Tenure: 0.8yrs
- Compensation: ₹2.63m
Sandeep Batra (53yo)
Additional Non-Executive Director
- Tenure: 1.3yrs
- Compensation: ₹31.28m
Puneet Nanda (50yo)
Deputy MD & Whole-time Director
- Tenure: 9.4yrs
- Compensation: ₹52.76m
Dileep Choksi (70yo)
Independent Director
- Tenure: 2yrs
- Compensation: ₹1.99m
Raghu Hariharan (49yo)
Non-Executive Director
- Tenure: 2.1yrs
Anup Bagchi (48yo)
Additional Non-Executive Director
- Tenure: 1.3yrs
Vibha Rishi (59yo)
Non-Executive Independent Director
- Tenure: 1yrs
- Compensation: ₹584.93k
Radhakrishnan Nair (63yo)
Independent Director
- Tenure: 2.5yrs
- Compensation: ₹2.41m
Dilip Karnik (69yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: ₹1.98m
Company Information
ICICI Prudential Life Insurance Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ICICI Prudential Life Insurance Company Limited
- Ticker: 540133
- Exchange: BSE
- Founded: 2000
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: ₹746.284b
- Shares outstanding: 1.44b
- Website: https://www.iciciprulife.com
Number of Employees
Location
- ICICI Prudential Life Insurance Company Limited
- ICICI Pru Life Towers
- 1089, Appasaheb Marathe Marg
- Mumbai
- Maharashtra
- 400025
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540133 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Sep 2016 |
| ICICIPRULI | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Sep 2016 |
Biography
ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India. It offers participating, non-participating, non-participating variable, and unit linked products. The company also provides term life, health, savings, and retirement insurance products; and pension fund management services. It distributes its products through individual and corporate agents, banks, and brokers, as well as through its own sales force and Website. The company was founded in 2000 and is based in Mumbai, India. ICICI Prudential Life Insurance Company Limited is a subsidiary of ICICI Bank Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/25 13:08 |
| End of Day Share Price | 2020/01/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.