ICICI Prudential Life Insurance shares fell 4% despite a 34.2% YoY jump in Q1 profit to Rs 302 crore, aided by lower new business strain and higher investment income. However, operating metrics were mixed, with APE down 5% and VNB slightly lower. Growth in protection business and improved VNB margin offered positives, while AUM rose 5.1% YoY.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets