Shares of ICICI Prudential Life Insurance Company have reached an exciting level. The stock, which closed at Rs 444.3 on Friday, was now up 0.37% from the previous level on the BSE.

In terms of a downtrend, the stock broke below Rs 444.3 in March 2021 and below that price in March 2022 before seeing an excellent rebound. As the year draws to a close, the stock is back where it was during the previous two downturns. Its shares were trading at a 52-week high of Rs 640 and a 52-week low of Rs 430.

ICICI Prudential Life Insurance Shares are down more than 21% this year. It is below the closing price of 2019. Keeping the stock on track will be interesting to see what happens now, as the stock has staged a nice bounce after past losses. ICICI Prudential Life Insurance Shares are down more than 21% this year.

Importantly, keeping the stock on track, it will be interesting to see what happens now, as the stock has staged a nice bounce after past losses. The challenge for the stock is that the overall life insurance industry isn’t seeing much policy growth.

ICICI Prudential Life Insurance Annual Premium Equivalent (APE) is the sum of the initial premium of the new annual premium policy plus one-tenth of the premium of the new single premium policy due to the higher unit share.

ICICI Prudential Life Insurance reported a more than 55% drop in its net profit to Rs 199 crore in the July-September quarter. In the same period a year ago, the net profit was Rs 445 crore.

“Supported by this strong VNB growth and a favourable premium base in the coming months, we believe we are on track to achieve our FY2019 VNB doubling target by the end of this financial year,” said N S Kannan, MD and CEO of ICICI Prudential Life.