Life Insurance Q1 Earnings Preview - Favourable Base On Growth; Steady On Margins: Prabhudas Lilladher
People wearing protective mask exercise at College Square in Kolkata, India (Photographer Arko Datto/Bloomberg)

Life Insurance Q1 Earnings Preview - Favourable Base On Growth; Steady On Margins: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Life Insurers are likely to see strong 37% YoY annual premium equivalent growth & 93% value of new business growth, given a low base for same period last year.

We expect margins to remain steady compared to FY21 levels, as mix still remain towards high margin products. Growth levels may vary across sectors, but two key themes likely to play out are-

  1. highly favorable non-par savings product with lower rates on other asset classes and

  2. subdued protection demand than last year’s Covid-19 uncertainty and fear, but mix should be steady.

Click on the attachment to read the full report:

Prabhudas Lilladher Life Insurance Q1FY22 Earnings Preview.pdf

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