ICICI Prudential Life Insurance & ICICI Lombard General Insurance results for quarter ended September 30, 2011
Mumbai, October 31, 2011:
Insurance subsidiaries
The profit after tax of ICICI Prudential Life Insurance Company (ICICI Life)
for Q2-2012 was Rs 350 crore (US$ 71 million) compared to a profit of Rs 15
crore (US$ 3 million) during Q2-2011 (excluding surplus of Rs 254 crores
(US$ 52 million) in non-participating policyholders’ funds in Q2-2011). The
assets under management were Rs 64,849 crore (US$ 13.2 billion) at
September 30, 2011.
The gross premium income of ICICI Lombard General Insurance Company
(ICICI General) increased by 20% to Rs 1,306 crore (US$ 267 million) in Q2-
2012 from Rs 1,091 crore (US$ 223 million) in Q2-2011. ICICI Lombard’s
profit after tax for Q2-2012 was Rs 56 crore (US$ 11 million) compared to a
profit of Rs 104 crore (US$ 21 million) for Q2-2011, mainly due to higher
sourcing costs and lower investment income.
>>> GO TO PAGE 2
>>> GO TO PAGE 1
(This is a press release from ICICI Bank)
