Life Insurance Data | Life insurance data for the month of March shows all life insurers have registered growth except HDFC Life with SBI Life Insurance, LIC India Forever exhibiting strongest growth. Yash Jain with the details

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HDFC Life Review
HSBC
Buy, TP cut to Rs 750
4Q VNB margin weaker than we expected, impacted by change in product mix & rising competitive pressure
Cut FY25-27e VNB margins est. by c110/70/70bp

Jefferies
Buy, TP cut to Rs 750 from Rs 800
Trim VNB est. by 4-5%
Yash Jain

MARCH, Q4, FY24 LIFE INSURANCE DATA!

▪️Except HDFC Life, All Life Insurers Grow In March & Q4
▪️SBI Life, LIC Exibit Strongest Growth In March
▪️SBI Life, LIC Exibit Strongest Growth In Q4
▪️Max Life & SBI Life Exibit Strongest Growth In FY24
▪️Life Ins Ind Grows 16%, Pvt

#4QWithCNBCTV18 | #Q4 net operating profit grew 14% on an unadjusted basis says Vibha Padalkar of #HDFCLifeInsurance . Tells Yash Jain that Tier-II & III premium grew by 30% in #Q4 FY24

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youtu.be/H9uwTkks0pw?si…

HDFC LIFE INSURANCE Q4FY24

Full Year Performance Vs Management Guidance
👎Total APE Flat Vs Guidance Of 13-14% Growth
👎VNB Down 5% Vs Guidance Of 13-14% Growth
👎VNB Margin 26.34% Vs Guidance Of 28-30%

Q4FY24 (YoY)
Total Premium Up 7%
Total APE Down 8%
Retail APE Down 6%

#4QWithCNBCTV18 | ICICI Lombard GIC buzzing in trade on strong Q4 earnings. The company reported strong growth of 36% in the health portfolio. Yash Jain gets us the details

Watch👇
youtube.com/watch?v=usllDj…

Macquarie On ICICI Lombard

Reiterates Underperform With Target Price Of Rs 1,110

ALL EYES ON COMBINED RATIO
Mgmt Guided For Combined Ratio Of 101.5 Vs 102 Earlier

Valuations Look Expensive At 6.1X FY25 P/B Vs Target Multiple Of 4X

#ICICILombard #Macquarie #Brokerage #Results

HDFC Life Opens Higher In Trade!

Q4FY24 Results Today During Market Hours

Also, Citi Upgraded HDFC Life To BUY With Target Price Of Rs 720

CNBC-TV18 CNBC-TV18 Prashant Nair
#HDFCLife #LifeInsurance #Insurance #Market #Stocks #Results #Earnings

Citi on HDFC Life
-Upgrade to Buy, TP Rs 720
Has under-performed ICICI Prudential Life/Max FS/SBI Life/Nifty-50 by 22%/45%/13%/10% in 1Y
Expect cos efforts to strengthen its agency base in FY2024E
Any likely revival in growth at HDFC Bk will aid, further
CNBC-TV18 Yash Jain

As Per Care Ratings Key Rating Strength Were:

▪️Improvement in capital structure following fundraise through QIP
▪️Stable operational performance in 9MFY24
▪️Established operational track record supported by marquee customers
▪️Fair diversification across sectors and

ICICI LOMBARD Q4FY24: Growth, Above Industry Average, Operational Performance Also Shines

KEY NUMBERS:
1⃣Net Earned Premium 🔼17% (YoY)
2⃣Q4 Underwriting Loss 🔽7.5% (YoY)
3⃣Combined Ratio Improves To 102.2 Vs 104.2

Management Guided For Strong Growth In FY25
-Ind Likely To

ICICI Lombard Review
MS
OW, TP Rs 1850
PAT was 2% below MSe and 4-5% below consensus.
However, management improved its guidance on F2025 exit combined ratio by 50bp to 101.5%
Trim forecasts while consensus' could rise marginally
CNBC-TV18 CNBC-TV18

ICICI Lombard Review
HSBC
Buy, TP Rs 1990
4Q: Strong premium growth, market share gains, & sharp improvement in combined ratio (CoR) were key +ves
Management remained optimistic on growth & CoR guidance on back of improvement in pricing discipline Yash Jain CNBC-TV18

ICICI Lombard Review
Jefferies
Buy, TP Rs 1950
Core 4Q in line, net premium up 17% YoY & Combined Ratio (CoR) down to 102%
Profit of Rs5bn, up 19%
Health & commercial lines should lead premium Cagr of 17% over FY24-27
Catastrophe claims are key risks
Yash Jain CNBC-TV18

#4QWithCNBCTV18 | ICICI Lombard GIC reports #Q4Results

▶️Combined Ratio at 102.2% vs 104.2% (YoY)

▶️Net profit up 19% at Rs 520 cr vs Rs 437 cr (YoY)

▶️Gross premium up 22% at Rs 6,073 cr vs Rs 4,977 cr (YoY)

▶️Return on Average Equity at 17.8% vs 17.2% (YoY)

LIC's investments in Adani Group firms soar notching sharp 70% gain in FY24

Yash Jain

cnbctv18.com/market/life-in…

.Aditya Birla Group launches #ABCD , a financial svcs app, marks a mega B2C bet.

- Also anounces plans to start jewellery retail biz with an outlay of ₹5,000 cr

Rachna Dhanrajani Yash Jain

#NewsFlash | Zee Entertainment to withdraw the merger implementation application from NCLT against Sony.

Decision taken by the Board after seeking appropriate legal advice, says Zee Entertainment

#zeeentertainment

Here's more👇

रिटेल शेयरहोल्डर्स की फेवरेट कंपनियां

कंपनी: रिटेल निवेशकों के पास शेयर (No of Share)

1) Suzlon: 348.8 Cr
2) Tata Steel: 215.31 Cr
3) Yes Bank: 211.99 Cr
4) Vodafone Idea: 187.02 Cr
5) ITC: 140.71 Cr
6) IRFC: 112.12 Cr
7) IDFC First: 101.13 Cr
8) Trident: 94.58 Cr
9) PNB:

LIC’s Rollercoaster On Adani Investments Stands With A Handsome Gain Of 70% In FY24

▪️Value Of LIC's Invsts In Adani Grp Cos🔼70% In FY24

▪️Value Of LIC's Invsts In Adani Grp Cos🔼112% Since Hindenburg Lows

▪️Value Of LIC's Invsts In Adani Grp Cos 20% Away From