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ICICI Prudential Life Insurance

BSE:540133
Snowflake Description

Adequate balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
540133
BSE
₹517B
Market Cap
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Last updated 2019/06/16 12:56
Company description

ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India. The last earnings update was 53 days ago. More info.

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540133 Share Price and Events
7 Day Returns
-6.8%
BSE:540133
-1.5%
IN Insurance
-1.3%
IN Market
1 Year Returns
-10.2%
BSE:540133
-1.4%
IN Insurance
-1.6%
IN Market
540133 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ICICI Prudential Life Insurance (540133) -6.8% 6% 4.9% -10.2% - -
IN Insurance -1.5% 7.7% 9.8% -1.4% 62.8% 63.4%
IN Market -1.3% 4.7% 0.7% -1.6% 32.8% 41.8%
1 Year Return vs Industry and Market
  • 540133 underperformed the Insurance industry which returned -1.4% over the past year.
  • 540133 underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
540133
Industry
5yr Volatility vs Market

540133 Value

 Is ICICI Prudential Life Insurance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ICICI Prudential Life Insurance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ICICI Prudential Life Insurance.

BSE:540133 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 16 analysts.
= Stable Book Value * Return on Equity
= ₹64.91 * 16.9% 		₹10.99
Book Value of Equity per Share Weighted future Book Value estimates from 15 analysts. ₹64.91
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:540133
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 35%) (0%)) 		0.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%) 		14.43%

Discounted Cash Flow Calculation for BSE:540133 using Excess Returns Model Model

The calculations below outline how an intrinsic value for ICICI Prudential Life Insurance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:540133 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (16.9% – 14.43%) * ₹64.91) 		₹1.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹1.62 / (14.43% - 7.55%) 		₹23.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹64.91 + ₹23.58 		₹88.49
BSE:540133 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹88.49
Current discount Discount to share price of ₹359.75
= -1 x (₹359.75 - ₹88.49) / ₹88.49 		-306.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ICICI Prudential Life Insurance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ICICI Prudential Life Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ICICI Prudential Life Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:540133 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹7.93
BSE:540133 Share Price ** BSE (2019-06-14) in INR ₹359.75
India Insurance Industry PE Ratio Median Figure of 8 Publicly-Listed Insurance Companies 44.53x
India Market PE Ratio Median Figure of 2,824 Publicly-Listed Companies 15.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ICICI Prudential Life Insurance.

BSE:540133 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:540133 Share Price ÷ EPS (both in INR)

= 359.75 ÷ 7.93

 45.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ICICI Prudential Life Insurance is overvalued based on earnings compared to the IN Insurance industry average.
  • ICICI Prudential Life Insurance is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does ICICI Prudential Life Insurance's expected growth come at a high price?
Raw Data
BSE:540133 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 45.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts		 16.8%per year
India Insurance Industry PEG Ratio Median Figure of 7 Publicly-Listed Insurance Companies 2.84x
India Market PEG Ratio Median Figure of 521 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:540133 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 45.37x ÷ 16.8%

 2.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ICICI Prudential Life Insurance is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ICICI Prudential Life Insurance's assets?
Raw Data
BSE:540133 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹49.10
BSE:540133 Share Price * BSE (2019-06-14) in INR ₹359.75
India Insurance Industry PB Ratio Median Figure of 9 Publicly-Listed Insurance Companies 5.57x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
BSE:540133 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:540133 Share Price ÷ Book Value per Share (both in INR)

= 359.75 ÷ 49.10

 7.33x

* Primary Listing of ICICI Prudential Life Insurance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ICICI Prudential Life Insurance is overvalued based on assets compared to the IN Insurance industry average.
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Value checks
We assess ICICI Prudential Life Insurance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
    5. ICICI Prudential Life Insurance has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

540133 Future Performance

 How is ICICI Prudential Life Insurance expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ICICI Prudential Life Insurance expected to grow at an attractive rate?
  • ICICI Prudential Life Insurance's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • ICICI Prudential Life Insurance's earnings growth is expected to exceed the India market average.
  • ICICI Prudential Life Insurance's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:540133 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:540133 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 16.8%
BSE:540133 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 5%
India Insurance Industry Earnings Growth Rate Market Cap Weighted Average 21.3%
India Insurance Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:540133 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:540133 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 488,716 18,528 4
2021-03-31 426,784 17,044 15
2020-03-31 360,243 15,169 14
BSE:540133 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 414,370 11,389
2018-12-31 329,839 14,921
2018-09-30 378,681 84,656 16,476
2018-06-30 384,173 69,973 17,685
2018-03-31 389,543 56,899 18,931
2017-12-31 458,601 16,294
2017-09-30 375,004 52,053 16,274
2017-06-30 372,358 42,409 16,249
2017-03-31 378,535 41,297 16,239
2016-12-31 300,606 44,555 18,108
2016-09-30 310,585 37,398 17,964
2016-06-30 265,663 44,443 17,926

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ICICI Prudential Life Insurance's earnings are expected to grow by 16.8% yearly, however this is not considered high growth (20% yearly).
  • ICICI Prudential Life Insurance's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:540133 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from ICICI Prudential Life Insurance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540133 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 12.60 18.13 9.90 5.00
2021-03-31 12.02 18.43 8.20 15.00
2020-03-31 10.44 14.87 8.20 15.00
BSE:540133 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 7.93
2018-12-31 10.40
2018-09-30 11.48
2018-06-30 12.32
2018-03-31 13.19
2017-12-31 11.35
2017-09-30 11.33
2017-06-30 11.32
2017-03-31 11.32
2016-12-31 12.65
2016-09-30 12.54
2016-06-30 12.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ICICI Prudential Life Insurance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ICICI Prudential Life Insurance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ICICI Prudential Life Insurance has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

540133 Past Performance

  How has ICICI Prudential Life Insurance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ICICI Prudential Life Insurance's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ICICI Prudential Life Insurance's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • ICICI Prudential Life Insurance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ICICI Prudential Life Insurance's 1-year earnings growth is negative, it can't be compared to the IN Insurance industry average.
Earnings and Revenue History
ICICI Prudential Life Insurance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ICICI Prudential Life Insurance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:540133 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 414,370.30 11,389.20 16,877.70
2018-12-31 329,839.48 14,921.47 24,335.69
2018-09-30 378,681.33 16,475.51 23,728.56
2018-06-30 384,172.58 17,685.45 21,811.60
2018-03-31 389,542.53 18,931.40 20,133.50
2017-12-31 458,600.57 16,294.11 21,180.14
2017-09-30 375,004.33 16,273.88 21,578.43
2017-06-30 372,357.63 16,249.35 22,112.17
2017-03-31 378,535.06 16,239.34 23,516.15
2016-12-31 300,605.62 18,108.04 21,173.94
2016-09-30 310,585.49 17,964.35 20,521.99
2016-06-30 265,662.66 17,926.39 19,970.30
2016-03-31 208,254.95 17,845.70 18,786.63
2015-12-31 238,373.11 16,443.95 18,557.28
2015-09-30 249,960.70 16,706.87 18,072.24
2015-06-30 285,578.13 16,490.58 17,314.64
2015-03-31 344,505.10 16,403.50 16,571.30
2014-12-31 324,352.58 16,308.52 16,775.35
2014-09-30 323,595.68 15,966.48 16,119.61
2014-06-30 266,455.41 15,837.33 15,882.87
2014-03-31 218,749.00 15,613.50 15,868.10
2013-12-31 185,279.19 15,320.07 14,221.67
2013-09-30 171,735.24 15,018.98 15,149.25
2013-06-30 217,407.04 15,110.44 15,958.46
2013-03-31 200,359.80 15,154.10 16,537.70
2012-12-31 268,422.83 14,697.75 19,783.61
2012-09-30 216,638.87 14,392.18 19,970.15
2012-06-30 144,399.87 13,942.22 20,320.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ICICI Prudential Life Insurance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ICICI Prudential Life Insurance used its assets less efficiently than the IN Insurance industry average last year based on Return on Assets.
  • ICICI Prudential Life Insurance's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ICICI Prudential Life Insurance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ICICI Prudential Life Insurance has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

540133 Health

 How is ICICI Prudential Life Insurance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ICICI Prudential Life Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ICICI Prudential Life Insurance's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ICICI Prudential Life Insurance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ICICI Prudential Life Insurance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ICICI Prudential Life Insurance has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ICICI Prudential Life Insurance Company Filings, last reported 2 months ago.

BSE:540133 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 70,423.40 0.00 6,610.40
2018-12-31 68,113.23 0.00 35,818.15
2018-09-30 68,230.12 0.00 32,154.24
2018-06-30 66,151.15 0.00 34,369.26
2018-03-31 68,817.81 0.00 36,912.04
2017-12-31
2017-09-30 68,277.73 0.00 26,337.82
2017-06-30 68,520.56 0.00 30,153.03
2017-03-31 64,060.31 0.00 28,919.66
2016-12-31 59,404.75 0.00 18,940.07
2016-09-30 58,349.76 0.00 15,985.67
2016-06-30 57,425.30 0.00 24,150.70
2016-03-31 53,233.49 0.00 24,973.97
2015-12-31 53,159.95 0.00 23,673.81
2015-09-30 52,451.72 0.00 18,849.55
2015-06-30 52,519.61 0.00 16,191.34
2015-03-31 52,642.80 0.00 24,604.10
2014-12-31 51,449.56 0.00 24,410.78
2014-09-30 51,525.55 0.00 22,637.85
2014-06-30 50,969.56 0.00 25,494.18
2014-03-31 49,818.30 0.00 35,292.10
2013-12-31 49,462.50 0.00 16,397.15
2013-09-30 52,360.31 0.00 18,070.15
2013-06-30 51,754.41 0.00 16,259.64
2013-03-31 48,412.30 0.00 25,519.20
2012-12-31 51,254.18 0.00 21,781.73
2012-09-30 50,342.12 0.00 10,282.45
2012-06-30 49,381.53 0.00 30,832.40
  • ICICI Prudential Life Insurance has no debt.
  • ICICI Prudential Life Insurance has not taken on any debt in the past 5 years.
  • ICICI Prudential Life Insurance has no debt, it does not need to be covered by operating cash flow.
  • ICICI Prudential Life Insurance has no debt, therefore coverage of interest payments is not a concern.
Show me more healthy companies in the Insurance industry
X
Financial health checks
We assess ICICI Prudential Life Insurance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. ICICI Prudential Life Insurance has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

540133 Dividends

 What is ICICI Prudential Life Insurance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.86%
Current annual income from ICICI Prudential Life Insurance dividends. Estimated to be 1.26% next year.
If you bought ₹2,000 of ICICI Prudential Life Insurance shares you are expected to receive ₹17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ICICI Prudential Life Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • ICICI Prudential Life Insurance's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:540133 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
India Insurance Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1450 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:540133 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 5.09 7.00
2021-03-31 4.71 15.00
2020-03-31 4.09 14.00
BSE:540133 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-04-24 3.100 0.849
2018-10-23 4.900 1.494
2018-05-31 6.700 1.801
2018-04-24 6.700 1.560
2017-10-24 6.900 1.754
2017-04-25 7.350 1.726
2016-10-25 8.050 2.390

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ICICI Prudential Life Insurance has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • ICICI Prudential Life Insurance has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of ICICI Prudential Life Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess ICICI Prudential Life Insurance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ICICI Prudential Life Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. ICICI Prudential Life Insurance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

540133 Management

 What is the CEO of ICICI Prudential Life Insurance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Narayanan Kannan
COMPENSATION ₹17,496,000
AGE 53
TENURE AS CEO 1 years
CEO Bio

Mr. Narayanan Srinivasa Kannan, BE, CFA, PGDM, is Chief Executive Officer and Director at ICICI Prudential Life INS Co. since June 19, 2018. Mr. Kannan served as an Executive Director of ICICI Bank Limited since May 1, 2009 until June 18, 2018. Mr. Kannan's responsibilities include Finance, Treasury, Corporate Legal, Operations, Risk Management, Secretarial, Corporate Communications, Corporate Branding and Strategic Solutions Group. He also has the responsibility for day-to-day administration of the Compliance and Internal Audit functions. Mr. Kannan served as the Chief Financial Officer and an Executive Director of ICICI Bank Ltd. from May 1, 2009 to October 25, 2013. Along with Finance, Taxation and Communications, Mr. Kannan's responsibilities include Compliance, Internal Audit, and Corporate Legal and Global Treasury operations. Mr. Kannan looked after the Corporate Centre including the Finance and accounts functions, Investor/analyst relations, Investment Management, Corporate Strategy, Corporate Communications, Human Resources and Business Intelligence. He served as a Treasurer of ICICI Bank Ltd from 2003 to August 1, 2005 and served as its Senior General Manager since 2003. He joined the ICICI group in 1991 as a Project Officer. During his tenure at ICICI group, Mr. Kannan has handled project finance operations, infrastructure financing, structured finance and treasury functions. Previously, Mr. Kannan served as an Executive Director of ICICI Prudential Life Insurance Company Ltd., from August 1, 2005 to May 1, 2009 and serves as its Managing Director, Chief Executive Officer and Director. He served as Chairperson of ICICI Bank UK PLC since January 17, 2017 until June 19, 2018. He had been the Chairman of ICICI Securities Primary Dealership Limited since May 2009 until 2018. He served as Chairman of the Board at ICICI Prudential Asset Management Company Limited, ICICI Eurasia Limited Liability Company, ICICI Bank UK PLC and ICICI Lombard General Insurance Company Limited. He served as the Chairman of ICICI Prudential Life Insurance Company Limited. He had served as a Non-Executive Director at ICICI Bank UK PLC since April 13, 2010 until June 19, 2018. He serves as a Director of ICICI Prudential Asset Management Company Limited, ICICI Eurasia Limited Liability Company and ICICI Bank Eurasia, LLC. Mr. Kannan served as has been a Director of ICICI Prudential Life Insurance Company Ltd since May 1, 2009. He served as a Non-Executive Non-Independent Director of ICICI Lombard General Insurance Company Limited since May 1, 2009 until June 19, 2018. He served as a Director of Essar Oil Ltd. until May 4, 2009. He served as Director of ICICI Bank Canada until June 2018. In 2015, Mr. Kannan was inducted as a member of the CFO Hall of Fame by CFO India publication for an exemplary career and contribution to the world of finance. In 2013, he was voted the Best CFO in India in a poll conducted by Finance Asia. In 2012 & 2013, he was awarded the Best CFO in the Indian banking/financial services sector at the CNBC TV 18 CFO Awards. He is a Chartered Financial Analyst from the Institute of Chartered Financial Analysts of India and an Honors Bachelor's Degree in Mechanical Engineering from National Institute of Technology (formerly Regional Engineering College), Tiruchirappalli. Mr. Kannan holds an MBA/postgraduate in management from the Indian Institute of Management, Bangalore with a gold medal for best all-round performance.

CEO Compensation
  • Insufficient data for Narayanan to compare compensation growth.
  • Insufficient data for Narayanan to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the ICICI Prudential Life Insurance management team in years:

2
Average Tenure
46.5
Average Age
  • The average tenure for the ICICI Prudential Life Insurance management team is less than 2 years, this suggests a new team.
Management Team

Satyan Jambunathan

TITLE
Chief Financial Officer
COMPENSATION
₹27M
AGE
46
TENURE
3.4 yrs

Puneet Nanda

TITLE
Deputy MD & Director
COMPENSATION
₹43M
AGE
49
TENURE
0.9 yrs

Vyoma Manek

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹4M
AGE
36
TENURE
4.1 yrs

Narayanan Kannan

TITLE
CEO, MD & Director
COMPENSATION
₹17M
AGE
53
TENURE
1 yrs

V. Balaji

TITLE
Chief of Information Technology & Operations
AGE
52

Manish Kumar

TITLE
Chief Investments Officer
AGE
47

Vikas Gupta

TITLE
Investor Relation

Deepak Kinger

TITLE
Chief Risk & Compliance Officer
AGE
43
TENURE
2.9 yrs

Manish Dubey

TITLE
Executive VP & Chief Marketing Officer
TENURE
0.9 yrs

Judhajit Das

TITLE
Chief of Human Resources
AGE
46
Board of Directors Tenure

Average tenure and age of the ICICI Prudential Life Insurance board of directors in years:

1.7
Average Tenure
57.5
Average Age
  • The average tenure for the ICICI Prudential Life Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Madras Ramachandran

TITLE
Chairman of the Board
COMPENSATION
₹1M
AGE
73
TENURE
0.3 yrs

Puneet Nanda

TITLE
Deputy MD & Director
COMPENSATION
₹43M
AGE
49
TENURE
8.8 yrs

Narayanan Kannan

TITLE
CEO, MD & Director
COMPENSATION
₹17M
AGE
53
TENURE
10.1 yrs

Venkatesan Sridar

TITLE
Independent Director
COMPENSATION
₹2M
AGE
71
TENURE
6.2 yrs

Dilip Karnik

TITLE
Independent Director
COMPENSATION
₹1M
AGE
68
TENURE
3 yrs

Radhakrishnan Nair

TITLE
Independent Director
COMPENSATION
₹560K
AGE
62
TENURE
1.9 yrs

Sandeep Batra

TITLE
Additional Non-Executive Director
COMPENSATION
₹40M
AGE
52
TENURE
0.7 yrs

Raghu Hariharan

TITLE
Non-Executive Director
AGE
48
TENURE
1.5 yrs

Dileep Choksi

TITLE
Independent Director
COMPENSATION
₹100K
AGE
69
TENURE
1.4 yrs

Anup Bagchi

TITLE
Additional Non-Executive Directors
AGE
47
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • ICICI Prudential Life Insurance insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
31. May 19 Sell Judhajit Das Individual 30. May 19 30. May 19 -5,000 ₹391.99 ₹-1,959,950
07. Jun 19 Sell Puneet Nanda Individual 03. Jun 19 04. Jun 19 -17,500 ₹400.54 ₹-6,941,440
27. May 19 Sell Pradeep Malhotra Individual 23. May 19 24. May 19 -5,000 ₹363.47 ₹-1,817,350
27. May 19 Sell Judhajit Das Individual 02. May 19 27. May 19 -16,250 ₹382.12 ₹-6,046,387
28. Mar 19 Sell Prudential plc Company 26. Mar 19 27. Mar 19 -53,267,605 ₹326.83 ₹-17,409,594,355
22. Mar 19 Buy Lekhraj Chouksey Individual 08. Mar 19 18. Mar 19 1,500 ₹344.20 ₹516,300
22. Mar 19 Sell Sujeet Kothare Individual 19. Mar 19 19. Mar 19 -14,000 ₹350.51 ₹-4,907,123
16. Mar 19 Sell Sujeet Kothare Individual 12. Mar 19 12. Mar 19 -10,000 ₹353.02 ₹-3,530,178
16. Mar 19 Sell Sanjay Singh Individual 13. Mar 19 13. Mar 19 -4,700 ₹342.17 ₹-1,608,184
11. Jan 19 Sell Karna Dharmapuri Individual 22. Jun 18 22. Jun 18 -2,500 ₹382.00 ₹-955,006
25. Sep 18 Sell Sumit Mohindra Individual 30. Jul 18 24. Sep 18 -3,950 ₹373.93 ₹-1,477,005
07. Aug 18 Sell Sandeep Batra Individual 03. Aug 18 03. Aug 18 -25,000 ₹416.15 ₹-10,403,749
13. Jul 18 Sell Abhiroop Pandey Individual 11. Jul 18 11. Jul 18 -6,955 ₹370.50 ₹-2,576,827
X
Management checks
We assess ICICI Prudential Life Insurance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. ICICI Prudential Life Insurance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

540133 News

Simply Wall St News

Should Income Investors Buy ICICI Prudential Life Insurance Company Limited (BOM:540133) Before Its Ex-Dividend?

Investors who want to cash in on ICICI Prudential Life Insurance Company Limited's (BOM:540133) upcoming dividend of ₹3.3 per share have only 9 days left to buy the shares before its ex-dividend date, 18 June 2018, in time for dividends payable on the 26 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine ICICI Prudential Life Insurance's latest financial data to analyse its dividend characteristics. … See our latest analysis for ICICI Prudential Life Insurance?

Simply Wall St - –

How To Take Advantage Of ICICI Prudential Life Insurance Company Limited (BOM:540133) In A Bear Market

High quality stocks such as ICICI Prudential Life Insurance Company Limited has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … See our latest analysis for ICICI Prudential Life Insurance. … ICICI Prudential Life Insurance Company Limited provides life insurance, pension, and health insurance products to individuals and groups in India

Simply Wall St - –

540133 Company Info

Description

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. ICICI Prudential Life Insurance Company Limited distributes its products through individual and corporate agents, banks, brokers, and 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.

Details
Name: ICICI Prudential Life Insurance Company Limited
540133
Exchange: BSE
Founded: 2000
₹516,543,253,289
1,435,839,481
Website: http://www.iciciprulife.com
Address: ICICI Prudential Life Insurance Company Limited
ICICI Pru Life Towers,
1089, Appasaheb Marathe Marg,
Mumbai,
Maharashtra, 400025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 540133 Equity Shares Mumbai Stock Exchange IN INR 29. Sep 2016
NSEI ICICIPRULI Equity Shares National Stock Exchange of India IN INR 29. Sep 2016
Number of employees
Current staff
Staff numbers
15,780
ICICI Prudential Life Insurance employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 12:56
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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