ICICI Prudential's inexpensive valuation drive Buy rating with fair value of Rs. 650

25 July 2022

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ICICI Prudential Life Insurance (ICICIPRULI)


  • Inexpensive valuation drives Buy rating with a fair value of Rs. 650.


  • Margins continue to expand.


  • Agency channel growth remains strong.


  • Persistency improving in most buckets.


  • Operating return on embedded value of ~16-17% over the medium term.


Note: The above is a brief note on the company, based on the inputs of the KIE research report dated 18th July 2022, which is available on our website at https://www.kotaksecurities.com/ksweb/ResearchCall/Fundamental.     

Disclaimer: http://bit.ly/2n5AxIE

https://www.kotaksecurities.com/ksweb/research/kotak-research-reports/top-weekly-picks

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