ICICI Prudential Life Insurance has reported a 16.6% YoY fall in standalone net profit, for the fourth quarter ended March 31, 2018.

The company’s net profit stood at Rs.340.58 crore for the Q4FY18, while it was Rs.408.42 crore in the corresponding period last year.  It has reported a loss of Rs.1,613.38 crore in the income from investments (net of amortisation, and provision for diminution in value of investments) in Q4FY18, while in the year ago period it had posted a gain of Rs.6,576.34 crore a year ago.

Furthermore, a final dividend of Rs.3.30 per equity share (including a special dividend of Rs.1.10 per equity share) for H2 FY18, has been declared by the board. This is in addition to the interim dividend of Rs.3.40 per share already declared and paid, bringing the aggregate of total dividend to Rs.6.70 per share for FY18.

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