trending Market Intelligence /marketintelligence/en/news-insights/trending/mu5QXtH4eMLX51NTRCHZhA2 content esgSubNav
In This List

5 largest Indian insurers' fiscal Q4 profit rises on higher premiums, fee income

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


5 largest Indian insurers' fiscal Q4 profit rises on higher premiums, fee income

Combined net income at India's five biggest insurers roseyear over year in the fiscal fourth quarter ended March 31, as a jump in netpremiums earned and fee income more than offset a decline in net ordinaryinvestment income and higher expenses.

Net income at the companies — ,ICICI Prudential Life InsuranceCo. Ltd., SBI LifeInsurance Co. Ltd., General Insurance Corp. of India and — rose to44.60 billion rupees from 35.90 billion rupees. Except for NewIndia Assurance, net premium earned and fee income grew at all the insurers in the2015-2016 fiscal year.

SNL Image

As of July 20, US$1was equivalent to 67.16 Indian rupees.

 

 

Click here for a template providing key financial items and ratios for up to 10 insurance companies across borders. This template allows peer comparison of standardized financial data among listed, nonlisted and subsidiary insurance companies across the U.S., EMEA and Asia-Pacific regions. 

Click here for a webinar on how to analyze the financials for Asia-Pacific insurance companies.