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(PTI) ICICI Prudential Life Insurance on Tuesday reported a 29 per cent decline in its profit at ₹221 crore for the third quarter ended December 2022.

The company had posted a profit of ₹311 crore in the same quarter a year ago.

During the third quarter of this fiscal the net premium income increased to ₹9,465 crore as against ₹9,074 crore in the same period a year ago, ICICI Prudential Life said in a regulatory filing.

The assets under management of the company stood at ₹2,51,884 crore, it said, adding, the company had a debt-equity mix of 54:46 as on December 31, 2022.

The company's net worth was ₹10,092 crore on December 31, 2022 while the solvency ratio was 212.2 per cent against the regulatory requirement of 150 per cent.

ICICI Prudential Life Q3 profit dips 29% to ₹221 crore

During the third quarter of this fiscal the net premium income increased to ₹9,465 crore as against ₹9,074 crore in the same period a year ago, ICICI Prudential Life said in a regulatory filing.

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ICICI Prudential Life Q3 profit dips 29% to ₹221 crore

During the third quarter of this fiscal the net premium income increased to ₹9,465 crore as against ₹9,074 crore in the same period a year ago, ICICI Prudential Life said in a regulatory filing.

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