Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Research

| More

Life Insurance - Robust growth continues for life insurers; SBI Life and Bajaj Allianz outperforms - ICICI Securities

Posted On: 2021-10-11 23:23:35 (Time Zone: IST)


Private life insurers reported robust growth of 32%/35% in Sept'21 in terms of total APE/individual APE. This is noteworthy considering the high base of Sep'20 unlike earlier months. Between Apr-Aug'20 individual APE ranged between Rs10.5-32.3bn (Rs13.6bn- Rs40bn for total APE) and Sep'20 individual APE came in at Rs38bn (Rs48.3bn for total APE) which again fell to Rs33bn/34bn in Oct / Nov'20 (Rs40bn/41bn for total APE). In terms of total APE, BALIC reported highest growth of 85% YoY followed by Birla Sun Life (79%), SBI Life (51%), IPRU Life (45%) and HDFC Life (27%) in Sep'21. In terms of individual APE, BALIC reported highest growth of 63%, followed by SBI Life (56%), IPRU Life (41%) and HDFC Life (20%). Max reported lower growth of 8%/7.5% YoY in terms of total/individual APE on high base.

  • SBI Life and BALIC led the pack in Q2FY22: SBI Life and BALIC outperformed among key insurers in terms of total and individual APE growth. In terms of total APE, SBI / BALIC reported strong growth of 47% YoY and 55% YoY vs 20.6% / 35% / 10% reported by HDFC Life / IPRU Life / Max. Similarly, in terms of Individual APE, SBI / BALIC reported growth of 58% / 52% vs 21% / 34% / 10% reported by HDFC Life / IPRU Life / Max, respectively.
  • How does H1FY22 growth stack up: H1FY22, total / Individual APE stood at 32% each for private insurers led again by SBI Life and BALIC. SBI Life and BALIC posted growth of 50% / 51% in terms of individual APE and 40% / 57% in terms of total APE vs 21.6% / 37% / 18.7% in terms of individual APE and 24% / 40% / 17% in terms of total APE by HDFC Life / IPRU Life / Max Life. IPRU Life growth numbers are as reported by the company. For rest, growth calculations are based on weighted basis.


Click here to send ur comments or to feedback@equitybulls.com

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

UltraTech Cement - Revenue Inline, inflated cost dragged EBITDA - YES Securities

Craftsman Automation - Q2FY22 First Cut - YES Securities

Ultratech Cement - 2QFY22 Result Update - Elevated Costs Pressure Led To Earnings Miss - Reliance Securities

L&T Infotech - Q2FY22 Result highlights - YES Securities

UltraTech Cement - Margins to sustain despite cost escalations - ICICI Securities

Hatsun Agro Products - Strong results; stretched valuations - ICICI Securities

Larsen & Toubro Infotech - Consistently consistent! - ICICI Securities

Company Update - GTPL Hathway - ICICI Direct

Chemicals - Q2FY22 Results Preview Report - HDFC Securities

Consumer Durables - Q2FY22 Results Preview Report - HDFC Securities

HCL Technologies - Q2FY22 Result Update - YES Securities

Avenue Supermarts - Q2FY22 Result Update - YES Securities

Wipro - Q2FY22 Result Update - YES Securities

Mindtree - Q2FY22 Result Update - YES Securities

HDFC Bank - Q2FY22 Result Update - YES Securities

Avenue Supermarts - Recovery tracking well - ICICI Securities

Mahindra CIE Automotive - Strong performance amid supply chain issues - ICICI Securities

PNB Housing Finance - Preferential issue called off; overhang resurfaces - ICICI Securities

Q2FY22 Result Preview - Real Estate & Infrastructure - ICICI Direct

Q2FY22 Result Preview - Healthcare - ICICI Direct

Q2FY22 Result Preview - Chemicals - ICICI Direct

Gladiator Stocks - Vardhman Special Steel - ICICI Direct

Q2FY22 Result Update - HDFC Bank - ICICI Direct

Q2FY22 Result Update - Wipro Ltd - ICICI Direct

Q2FY22 Result Update - HCL Technologies - ICICI Direct

Q3CY21 Company Update - Mahindra CIE - ICICI Direct

Q2FY22 Result Update - MindTree Ltd - ICICI Direct

Q2FY22 Result Preview - Oil & Gas - ICICI Direct

Q2FY22 Result Update - Infosys - ICICI Direct

Consumer Durables - Fans - a compounding story but underrated - HDFC Securities

Cement - Strong demand; rising costs to hit margin - HDFC Securities

Maintain BUY on HCL Technologies - Deal wins to boost growth - HDFC Securities

Maintain BUY on Cyient - Improving growth vectors - HDFC Securities

Maintain BUY on Infosys - Growth engine revving up - HDFC Securities

Maintain ADD on Wipro - Continued growth momentum - HDFC Securities

Maintain ADD on Mindtree - Decade-high growth! - HDFC Securities

Peak in the headline wholesale inflation is behind us - WPI Sep'21 - Acuité Insights

Wipro - 2QFY22 Result Update - Continued Growth Outperformance; Raise TP to Rs760 - Reliance Research

Exchanges, Staffing and Internet - Q2FY22E Results Preview - Mixed bag; visibility improving - HDFC Securities

FMCG & Alco Bev - Q2FY22 Results Preview - Demand resilient; EBITDA to stay under pressure - HDFC Securities

Infosys - 2QFY22 Result Update - Superior Execution Deserves Multiple Rerating; Raise TP to Rs2,120 - Reliance Research

Mid-caps - Q2FY22 Results Preview - Healthy YoY Growth Across Segments - Reliance Research

Ramkrishna Forgings - 2QFY22 Result Update - Reliance Research

Expect CPI to be 5.5% for FY22 - Acuite Ratings

Industrials - Q2FY22 Results Preview - Strong execution pick-up - HDFC Securities

Real Estate - 2QFY22 Results Preview - Strong presales momentum - HDFC Securities

Sunteck Realty - All eyes on festive season - ICICI Securities

Prestige Estates Projects - Festive fervour kicks in - ICICI Securities

Company Update - Motherson Sumi Systems - ICICI Direct

Company Update - Indian Energy Exchange - ICICI Direct


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020