ICICI Life Profit Rises 25 Percent
India ICICI Life Insurance reported a twenty five percent rise in second quarter profit to 3.74 billion rupees. The growth was underpinned by higher net premium income which rose 16.6 percent.
Insights:
India's ICICI Life Insurance posted a 25% rise in second-quarter profit to 3.74 billion rupees ($39.28 million) on Tuesday morning, driven by higher premium income. Net premium income rose 16.6% to 138.04 billion rupees for the September quarter, up from 2.99 billion rupees a year earlier. The results kick off earnings season for the sector as analysts watch for post-tax-removal policy moderation.
