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Insurance stocks: Analysts see decent upside in HDFC Life, ICICI Lombard

Though Q1 was disappointing, there are triggers that could lead to improvement in the performance of the two insurers

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4 min read Last Updated : Jul 21 2022 | 12:44 AM IST

HDFC Life Insurance Company and ICICI Lombard General Insurance Company, two listed insurers in different segments, have come up with their respective April-June quarter (Q1 of FY23) numbers. Both seem to have disappointed the Street, going by share price movements.

HDFC Life reported 23 per cent year-on-year (YoY) growth in net premium, with 27 per cent and 19 per cent growth in new business and renewal, respectively. Profit after tax (PAT) grew 21 per cent YoY to Rs 370 crore.

The persistency ratio improved in the 37th month cohort, but dipped in the 61st month. Value of new business

Topics : HDFC Life Insurance Company ICICI Lombard General Insurance Insurance stocks HDFC Life Q1 results ICICI Lombard HDFC group General Insurance

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