Diversified Financials Q4 Earnings Preview - More Hits Than Misses: ICICI Securities
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Diversified Financials Q4 Earnings Preview - More Hits Than Misses: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Q4 FY21 was a good quarter for equity exchanges, depositories and asset management companies with record volumes in equities, continued demat additions, growth in National Stock Exchange active client and ~8% overall QoQ growth in average assets under management.

Life insurance new business premiums also returned to a strong growth trajectory (15/17% YoY growth in private life new business profit in January/February 2021).

Continued lower unit link insurance plan mix, cost savings, reserve releases and higher volumes should help maintain/outperform value of new business margins in Q4 FY21.

Comparatively, non-life insurance gross direct premium income witnessed lower growth (ex-crop GDPI growth of 7%/8% YoY in Jan/Feb-21).

Click on the attachment to read the full report:

ICICI Securities Q4FY21 Diversified Financial Services Preview.pdf

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