Keep Watch on these Insurance Sector Sock – ICICI Lombard, ICICI Prudential, SBI Life Insurance & HDFC Life Insurance !!

Here is a review of ICICI Lombard’s stock.

• Current Price: The current price of ICICI Lombard’s shares is Rs 1,865.05, with a high of Rs 1,877.4 and a low of Rs 1,826.55 throughout the day.
• Previous Close Price: The previous close price was Rs 1,828.45.
• PE Ratio: The PE ratio of ICICI Lombard is 48.09.
• EPS (TTM): The EPS (TTM) of ICICI Lombard is Rs 38.79.
• Market Capital: The market capital of ICICI Lombard is Rs 920.87 billion.
• Dividend Yield: The dividend yield of ICICI Lombard is 0.64%.
• Face Value: The face value of ICICI Lombard is Rs 10.00.
• Beta: The beta of ICICI Lombard is 0.63.
• 52 Week High/Low: The 52-week high of ICICI Lombard is Rs 1,877.40 and the 52-week low is Rs 1,266.00.

Here is a review of ICICI Prudential Life Insurance Company’s stock:

• Current Price: The current stock price is Rs 643, which is a 1.56% increase from the previous close price of Rs 633.1.
• PE Ratio: The P/E ratio is 103.01, which is higher than the sector average.
• EPS (TTM): The EPS (TTM) is Rs 5.92.
• Market Capital: The market capital is Rs 92,631.62 Cr.
• Dividend Yield: The dividend yield is 0.09%.
• Face Value: The face value is Rs 10.00.
• 52 Week High/Low: The 52-week high is Rs 644.50, and the 52-week low is Rs 463.50.
• Beta: The beta is 1.39.
• Average Volume: The average volume is 1,897,028.
• Market Cap (intraday): The market cap (intraday) is Rs 927.148B.
• Earnings Date: The next earnings date is Jul 23, 2024.
• Forward Dividend & Yield: The forward dividend and yield are 0.60 (0.09%).
• Ex-Dividend Date: The last ex-dividend date was Jun 13, 2024.

Here is a review of SBI Life Insurance stock:

• Current Price: Rs 1,277.05
• Previous Close Price: Rs 1,263.15
• PE Ratio: 71.49
• EPS (TTM): Rs 17.83
• Market Capital: Rs 1,23,444.82 Crore
• Dividend Yield: 0.35%
• Face Value: Rs 10.00
• Beta: 1.31
• 52 Week High/Low: Rs 1,306.80 / Rs 915.05

SBI Life Insurance is one of the leading life insurance companies in India, with a strong parentage of State Bank of India. The company has a large distribution network and a diverse product portfolio.

The stock has been performing well in recent times, with a significant increase in its price over the past year. The company’s financial performance has also been strong, with a growth in premium income and profit.

However, the stock’s valuation is relatively high, with a PE ratio of over 70, which may make it expensive for some investors. Additionally, the life insurance industry is highly competitive, and the company faces competition from other players in the market.

Overall, SBI Life Insurance is a strong company with a good track record, but investors should carefully consider the valuation and industry risks before making an investment decision.

Here is a review of HDFC Life Insurance stock:

• Current Price: Rs 712.55
• Previous Close Price: Rs 706.15
• PE Ratio: 74.49
• EPS (TTM): Rs 9.53
• Market Capital: Rs 1,44,441.82 Crore
• Dividend Yield: 0.43%
• Face Value: Rs 10.00
• Beta: 1.23
• 52 Week High/Low: Rs 725.00 / Rs 490.55

HDFC Life Insurance is one of the leading life insurance companies in India, with a strong parentage of Housing Development Finance Corporation (HDFC). The company has a diverse product portfolio and a large distribution network.

The stock has been performing well in recent times, with a significant increase in its price over the past year. The company’s financial performance has also been strong, with a growth in premium income and profit.

However, the stock’s valuation is relatively high, with a PE ratio of over 74, which may make it expensive for some investors. Additionally, the life insurance industry is highly competitive, and the company faces competition from other players in the market.

Overall, HDFC Life Insurance is a strong company with a good track record, but investors should carefully consider the valuation and industry risks before making an investment decision.

Please keep in mind that this is a general summary, and it’s always recommended to do your own research and consult a financial advisor before making any investment decisions.

Here is an overview of the insurance sector in India:

• India’s insurance sector is the 10th largest market globally and the second largest among emerging markets, with a total premium volume of $127 billion as of 2021.
• The sector has grown rapidly over the past two decades, driven by private sector participation and improved distribution and operational efficiency.
• Insurance penetration in India has increased steadily, with the share of insurance premiums in GDP rising from 2.7% in 2000 to 4.2% in 2021.
• Life insurance accounts for the majority (76%) of total premiums, with a penetration rate of 3.2% in 2021, higher than the global average.
• Non-life insurance, which includes health and motor insurance, accounts for 24% of total premiums and has a penetration rate of 1% as of 2021.
• The government has launched initiatives such as Ayushman Bharat PM-JAY, a health assurance scheme, and aims to increase insurance penetration to “Insurance for All” by 2047.
• The insurance regulator, IRDAI, has also taken steps to boost insurance penetration, including allowing video-based KYC and launching standardized insurance products.
• The Indian insurance market is expected to grow at a rate of 9% per annum over the next decade, driven by a young and expanding middle class, digital adoption, and government support.
• The sector faces challenges such as a large protection gap, especially for natural catastrophes, and limited awareness and perception of risks.

Disclaimer :- All the facts & the figure presented in the article are taken from internet and all the opinion presented in the article are authors personal opinion and this is not at all an investment suggestion. Before any buying and selling in the stock, please check with your investment advisor.