ICICI Prudential Life Insurance Company Limited — PPTs, 09-12-2024: Investor Presentation

Premiums demonstrate strong growth, with November 2024 marking a notable increase in the new business premium, achieving ₹532.22 crore—up 149.6% year-on-year. Annualized premium equivalent (APE) also shows solid performance at ₹60.39 crore, reflecting a year-on-year growth of 54.8%. The retail weighted received premium (RWRP) in November was ₹48.26 crore, which translates to a 35.4% increase compared to the previous year.

The company is on track to deliver sustainable value of new business growth by aligning profitability with risk management strategies. Performance strengths lie in a diverse product suite and a robust distribution network. Advances in customer centricity, operational efficiency, and risk prudence are pivotal in enhancing their market positioning.

Notable achievements include a persistency rate of 89.8% for the 13th month, reflecting strong customer retention. The market landscape indicates continued potential for growth in the Indian insurance sector, particularly within protection and retirement solutions. Investors should maintain a positive outlook, considering the significant opportunities in under-penetrated segments.

The company has announced a board meeting to discuss these developments.