[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![wegro_app Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1787088114588209152.png) Wegro App [@wegro_app](/creator/twitter/wegro_app) on x 10.3K followers
Created: 2025-07-16 09:06:57 UTC

📊 ICICI Prudential Life Insurance Company Ltd | Broker Report | 𝘉𝘜𝘠 𝘊𝘢𝘭𝘭 🟢

🏢 𝘉𝘶𝘺 𝘐𝘊𝘐𝘊𝘐 𝘗𝘳𝘶𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘓𝘪𝘧𝘦 𝘐𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦; 𝘵𝘢𝘳𝘨𝘦𝘵 𝘰𝘧 𝘙𝘴 780: 𝘔𝘰𝘵𝘪𝘭𝘢𝘭 𝘖𝘴𝘸𝘢𝘭
📈 𝘙𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯: BUY
🏛️ 𝘉𝘳𝘰𝘬𝘦𝘳𝘢𝘨𝘦: Motilal Oswal

ICICI Prudential Life Insurance (IPRU) reported a mixed 1QFY26. New business APE declined X% YoY, while VNB margin expanded to 24.5%. Motilal Oswal maintains a BUY rating with a target price of ₹780. 🚀

- 𝗕𝗿𝗼𝗸𝗲𝗿𝗮𝗴𝗲 𝗙𝗶𝗿𝗺: Motilal Oswal
- 𝗥𝗮𝘁𝗶𝗻𝗴: BUY
- 𝗧𝗮𝗿𝗴𝗲𝘁 𝗣𝗿𝗶𝗰𝗲: ₹780 (+16%)

- 𝗥𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗲:
  ▪ Cost optimization and favorable product mix support margins.
  ▪ Strong VNB margin performance.
  ▪ Expectation of robust VNB growth over the medium term.

- 𝗞𝗲𝘆 𝗠𝗲𝘁𝗿𝗶𝗰𝘀:
  ▪ New business APE declined X% YoY to INR18.6b.
  ▪ VNB margin for the quarter stood at XXXX% (vs. XX% in 1QFY25).
  ▪ Shareholder PAT increased XX% YoY to INR3b.
  ▪ Gross premium grew X% YoY.
  ▪ Renewal premium growth of XX% YoY.
  ▪ Retail protection APE grew XX% YoY.
  ▪ Agency/direct channels saw a decline of 19%/15% YoY.
  ▪ AUM grew X% YoY to INR3.2t.

- 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
  ▪ Focused on driving new business and improving renewal growth.
  ▪ Expect demand for ULIPs to return over time.
  ▪ Proprietary channel performance impacted by the increased share of annuity sales.
  ▪ Cost optimization initiatives to build a leaner operating structure.

- 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻:
  ▪ Reiterate BUY with a TP of INR780 (based on 1.8x FY27E EV).

- 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀 & 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀 (𝗜𝗡𝗥 𝗯):
  ▪ FY25: Net Premiums: 472.6, Surplus / Deficit: 10.9, Sh. holder's PAT: 11.9, NBP growth unwtd (%): 24.4, APE (INRb): 104.1, VNB (INRb): 23.7, VNB margin (%): 22.8, EV per share: 332, RoEV (%): 13.3, Total AUMs (INRt): 3.1, Valuations P/EV (x): XXX

- 𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗶𝗻𝗴 𝗽𝗮𝘁𝘁𝗲𝗿𝗻 (%):
  ▪ Promoter: XXXX% (Mar-25)
  ▪ DII: XXX% (Mar-25)
  ▪ FII: XXXX% (Mar-25)
  ▪ Others: XXX% (Mar-25)

🔗 𝘙𝘦𝘢𝘥 𝘍𝘶𝘭𝘭 𝘙𝘦𝘱𝘰𝘳𝘵:

⚡️AI-driven watchlist alerts on WhatsApp - Try FREE 👉 #BrokerageReport


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945409810440339809/c:line.svg)

**Related Topics**
[life insurance](/topic/life-insurance)
[insurance](/topic/insurance)
[$iciciprulins](/topic/$iciciprulins)
[$puk](/topic/$puk)

[Post Link](https://x.com/wegro_app/status/1945409810440339809)