ICICI Prudential Life Insurance Company Ltd operates by offering life insurance, pensions, and health insurance products catering to both individuals and groups. The company engages in various lines of business, including participating, non-participating, and unit linked plans. These insurance products are made accessible to customers through a diverse distribution network that comprises individual agents, corporate agents, banks, brokers, the company’s sales force, and its official website.
ICICI Prudential Life Insurance is jointly promoted by ICICI Bank and Prudential Corporation:
ICICI Bank (51% stake) – The company is affiliated with ICICI Bank Ltd, which ranks as the second-largest private bank in India. Known for its diverse array of products and services, ICICI Bank caters to retail, SME, and corporate customers.
Prudential Plc (22% stake) – Prudential Plc is a prominent British multinational insurance company headquartered in London, England. It holds the distinction of being the largest UK life insurer in Asia, with a significant presence in various countries such as India, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, and others. Prudential also operates in several African subcontinent countries, including Nigeria, Ghana, Togo, and more.
LATEST NEWS ABOUT ICICI PRUDENTIAL LIFE INSURANCE COMPANY
- ICICI Prudential Life has reported its Q1 results, with a notable 33% year-on-year increase in net profit, reaching ₹207 crore.
HOW TO BUY ICICI PRUDENTIAL LIFE INSURANCE COMPANY SHARES ?
You can buy ICICI Prudential shares from the following trading platforms:
- Zerodha
- Upstox
- Groww
- AngleOne
- ICICIDirect
SHARE PRICE PREDICTION OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY : 2023 TO 2030
SHARE PRICE TARGET 2023 OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| August 2023 | ₹621.18 | ₹564.71 |
| September 2023 | ₹635.47 | ₹577.70 |
| October 2023 | ₹616.96 | ₹560.87 |
| November 2023 | ₹629.30 | ₹572.09 |
| December 2023 | ₹648.18 | ₹589.25 |
In 2023, ICICI Prudential Life Insurance has demonstrated impressive growth in its share price, indicating a positive outlook for investors. Based on the data from August to December 2023, the share price targets have shown an upward trend. In August, the share price ranged from ₹564.71 to ₹621.18, while in September, it increased further to ₹577.70 to ₹635.47. The growth continued into October, with prices fluctuating between ₹560.87 to ₹616.96. November and December witnessed similar positive trends, reaching ₹572.09 to ₹629.30 and ₹589.25 to ₹648.18, respectively.
Considering these figures, it is evident that ICICI Prudential Life Insurance has experienced substantial growth in its share price during 2023. Such growth reflects investor confidence in the company’s performance and future prospects. With a market capitalization of ₹83,518 crore and a stock P/E of 96.8, the company’s financial strength and stability seem to be contributing factors to its attractiveness for investors.
Overall, the rising share prices and impressive growth percentage throughout 2023 suggest that ICICI Prudential Life Insurance has been delivering promising results, making it an appealing investment option for those seeking potential growth in the insurance sector.
SHARE PRICE TARGET 2024 OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| January 2024 | ₹682.29 | ₹593.30 |
| February 2024 | ₹741.62 | ₹644.89 |
| March 2024 | ₹749.11 | ₹651.40 |
| April 2024 | ₹681.01 | ₹592.18 |
| May 2024 | ₹567.51 | ₹493.49 |
| June 2024 | ₹681.01 | ₹592.18 |
| July 2024 | ₹578.86 | ₹503.36 |
| August 2024 | ₹636.75 | ₹553.69 |
| September 2024 | ₹668.58 | ₹581.38 |
| October 2024 | ₹786.57 | ₹683.97 |
| November 2024 | ₹825.90 | ₹718.17 |
| December 2024 | ₹842.41 | ₹732.53 |
In 2024, ICICI Prudential Life Insurance displayed notable fluctuations in its share price, presenting both opportunities and challenges for investors. The share price target for the year can be assessed by observing the highest and lowest prices recorded in each month.
Starting the year in January, the share price ranged from ₹593.30 to ₹682.29. Throughout the first quarter, there was a positive trend, reaching ₹644.89 to ₹741.62 in February and ₹651.40 to ₹749.11 in March.
April and May witnessed some fluctuations, with prices ranging from ₹592.18 to ₹681.01 and ₹493.49 to ₹567.51, respectively. The trend continued into June and July, with prices fluctuating between ₹592.18 to ₹681.01 and ₹503.36 to ₹578.86, respectively.
In August, there was a noticeable increase in share prices, ranging from ₹553.69 to ₹636.75, and this growth continued into September, with prices reaching ₹581.38 to ₹668.58.October and November experienced significant growth, with share prices ranging from ₹683.97 to ₹786.57 and ₹718.17 to ₹825.90, respectively. Closing the year on a high note, the share price ranged from ₹732.53 to ₹842.41 in December.
In 2024, ICICI Prudential Life Insurance demonstrated a growth percentage of approximately 41.98%. This growth signifies a substantial increase in the company’s share price over the course of the year. Investors keen on the insurance sector may find ICICI Prudential an appealing option based on its impressive performance.
SHARE PRICE TARGET 2025 OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY
| When | Maximum Price | Minimum Price |
| January 2025 | ₹859.26 | ₹660.97 |
| February 2025 | ₹904.49 | ₹695.76 |
| March 2025 | ₹949.71 | ₹730.55 |
| April 2025 | ₹847.96 | ₹652.27 |
| May 2025 | ₹770.87 | ₹592.98 |
| June 2025 | ₹847.96 | ₹652.27 |
| July 2025 | ₹807.58 | ₹621.21 |
| August 2025 | ₹841.23 | ₹647.10 |
| September 2025 | ₹883.29 | ₹679.45 |
| October 2025 | ₹936.28 | ₹720.22 |
| November 2025 | ₹1,001.82 | ₹770.63 |
| December 2025 | ₹1,021.86 | ₹786.05 |
In 2025, ICICI Prudential Life Insurance experienced significant fluctuations in its share prices, showcasing a dynamic market performance. Analyzing the data provided for each month, we can observe the range between the maximum and minimum share prices, which can give us insights into the potential share price target for the year.
Starting January 2025, the share price ranged from ₹660.97 to ₹859.26, demonstrating a positive start to the year. As the months progressed, the share prices continued to show an upward trend, with February recording prices between ₹695.76 to ₹904.49 and March ranging from ₹730.55 to ₹949.71.
April and May witnessed fluctuations, with prices ranging from ₹652.27 to ₹847.96 and ₹592.98 to ₹770.87, respectively. The trend continued into June and July, with prices ranging from ₹652.27 to ₹847.96 and ₹621.21 to ₹807.58, respectively.
n August and September, the share prices showed further growth, fluctuating between ₹647.10 to ₹841.23 and ₹679.45 to ₹883.29, respectively. The growth persisted into October, with prices ranging from ₹720.22 to ₹936.28.
November and December experienced remarkable growth, with share prices ranging from ₹770.63 to ₹1,001.82 and ₹786.05 to ₹1,021.86, respectively. In 2025, ICICI Prudential Life Insurance demonstrated an impressive growth percentage of approximately 54.66%. This remarkable growth indicates a substantial increase in the company’s share price throughout the year, potentially making it an attractive option for investors seeking growth in the insurance sector.
ICICI PRUDENTIAL LIFE INSURANCE SHARE PRICE PREDICTION 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹715.30 | ₹500.71 |
| 2027 | ₹608.01 | ₹425.61 |
| 2028 | ₹1,094.41 | ₹766.09 |
| 2029 | ₹2,248.09 | ₹1,573.67 |
| 2030 | ₹2,503.56 | ₹1,752.49 |
In 2026, the share price ranged from ₹500.71 to ₹715.30, indicating growth and positive momentum for the company’s stock. This trend continued into 2027, with share prices fluctuating between ₹425.61 to ₹608.01.
A notable surge in share prices was observed in 2028, with the range extending from ₹766.09 to ₹1,094.41, indicating substantial growth and investor confidence in the company’s performance and prospects. This positive momentum carried forward into 2029, where share prices soared between ₹1,573.67 to ₹2,248.09, showcasing impressive growth for ICICI Prudential Life Insurance.
In 2030, the upward trend persisted, with share prices ranging from ₹1,752.49 to ₹2,503.56. This significant growth demonstrates the company’s strong performance in the insurance sector during this period. During the years from 2026 to 2030, ICICI Prudential Life Insurance demonstrated an impressive and consistent growth percentage of approximately 42% to 43% annually. This remarkable growth signifies the company’s strong performance and indicates that it could be an appealing option for investors seeking potential growth in the insurance sector.
FINANCIAL CONDITION OF ICICI PRUDENTIAL LIFE INSURANCE COMPANY: LAST 5 YEARS
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
| Sales | 41,463 | 21,025 | 83,182 | 62,305 | 49,404 |
| Expenses | 40,922 | 21,325 | 83,516 | 63,563 | 50,204 |
| Operating Profit | 541 | -300 | -334 | -1,258 | -800 |
| OPM % | 1% | -1% | 0% | -2% | -2% |
| Other Income | 813 | 1,578 | 1,669 | 2,285 | 1,968 |
| Interest | 23 | 19 | 56 | 0 | 0 |
| Depreciation | 57 | 61 | 60 | 67 | 84 |
| Profit before tax | 1,274 | 1,198 | 1,219 | 961 | 1,085 |
| Tax % | 11% | 11% | 22% | 21% | 25% |
| Net Profit | 1,139 | 1,067 | 956 | 759 | 813 |
| EPS in Rs | 7.93 | 7.43 | 6.66 | 5.28 | 5.65 |
| Dividend Payout % | 40% | 11% | 30% | 10% | 11% |
In March 2019, the company recorded Sales of ₹41,463 crore, which declined significantly to ₹21,025 crore in March 2020. However, in the subsequent years, there was a steady recovery in Sales, reaching ₹83,182 crore in March 2021 and ₹62,305 crore in March 2022. By March 2023, Sales stood at ₹49,404 crore. Similarly, Expenses followed a similar pattern, showing a decline in March 2020 but gradually increasing in the following years. Operating Profit, after a positive value of ₹541 crore in March 2019, turned negative in the subsequent years, with the company reporting a loss in operating profit.
Net Profit followed a declining trend, decreasing from ₹1,139 crore in March 2019 to ₹813 crore in March 2023. This led to a reduction in EPS from ₹7.93 in March 2019 to ₹5.65 in March 2023.The Dividend Payout % fluctuated over the years, with a peak of 40% in March 2019 and 30% in March 2021, but reduced to 11% in March 2023.
The financial performance of ICICI Prudential Life Insurance reflects the challenges and opportunities faced by the company during this period. Investors and stakeholders should closely monitor these financial indicators and consider other relevant factors before making any investment decisions.
FAQS
What Factors Keep In Mind While Investing In Any Insurance Company Shares ?
It’s important to consider that the insurance industry can be influenced by various external factors, including economic conditions, regulatory changes, and market dynamics.
What Is The Earnings Per Share (EPS) Of ICICI Prudential Shares ?
The EPS of last five years are 7.93, 7.43, 6.66, 5.28 and 5.65.
What Is The Trend In Sales Over The Last 5 Years ?
In March 2019, the company recorded Sales of ₹41,463 crore, which declined significantly to ₹21,025 crore in March 2020. However, in the subsequent years, there was a steady recovery in Sales, reaching ₹83,182 crore in March 2021 and ₹62,305 crore in March 2022. By March 2023, Sales stood at ₹49,404 crore.
What Is The Share Price Target of ICICI Prudential For 2025 ?
By the conclusion of 2025, it is projected that the share price of ICICI Prudential could potentially reach approximately ₹1,021.
What Is The Share Price Target of ICICI Prudential For 2030 ?
By the conclusion of 2030, it is projected that the share price of ICICI Prudential could potentially reach approximately ₹2,503.
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CONCLUSION
Based on the provided financial information from March 2019 to March 2023, the performance of ICICI Prudential Life Insurance has been mixed, reflecting both challenges and signs of growth.
Investment Perspective: During this period, ICICI Prudential Life Insurance faced fluctuations in key financial metrics. The company witnessed a decline in Sales and Operating Profit in March 2020, which could be attributed to various factors, including economic conditions and market uncertainties during that time. However, there was a subsequent recovery in Sales and Operating Profit in the following years, indicating a potential rebound from the challenges faced.
Growth Perspective: The company’s growth, as indicated by EPS and Dividend Payout %, also saw fluctuations over the years. EPS declined from ₹7.93 in March 2019 to ₹5.65 in March 2023, reflecting a dip in profitability. Similarly, the Dividend Payout %, which represents the portion of profits distributed to shareholders as dividends, decreased from 40% in March 2019 to 11% in March 2023, possibly due to the company’s focus on retaining earnings for reinvestment.
Overall, while ICICI Prudential Life Insurance experienced challenges during certain periods, there are indications of growth and recovery in the subsequent years. The growth percentage in Sales from March 2020 to March 2021 was remarkable, reaching ₹83,182 crore, showing the company’s potential to bounce back.
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