ICICI Prudential Life Insurance Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

ICICI Prudential Life Insurance (NSE:ICICIPRULI) Full Year 2024 Results

Key Financial Results

• Revenue: ₹899.2b (up 82% from FY 2023).
• Net income: ₹8.51b (up 4.6% from FY 2023).
• Profit margin: 0.9% (down from 1.6% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹5.91 (up from ₹5.66 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ICICI Prudential Life Insurance Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 8.9%.

Looking ahead, revenue is expected to decline by 20% p.a. on average during the next 3 years, while revenues in the Insurance industry in India are expected to grow by 8.6%.

Performance of the Indian Insurance industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for ICICI Prudential Life Insurance (1 makes us a bit uncomfortable) you should be aware of.

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