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St James's Place benefits as clients move savings into investment Thu, 29th Apr 2021 09:50 (Alliance News) - St James's Place PLC said Thursday it enjoyed record business inflows and a positive investment return in the first quarter of 2021, as clients moved the savings they accumulated during lockdown into longer-term investments. The wealth manager had GBP135.46 billion in funds under management on March 31, up 33% from GBP101.67 billion a year before and up about 5% since the start of 2021. St James's Place recorded GBP2.90 billion in net inflows during the recent quarter, up 22% from GBP2...

On a consolidated basis, ICICI Prudential Life Insurance Company net profit tanked 65% to Rs 62.51 crore on 364.6% surge in total income to Rs 19,898.29 crore in Q4 FY21 over Q4 FY20. On a standalone basis, the net profit tumbled 64.5% to Rs 63.78 crore on 364.5% surge in total income to Rs 19,897.44 crore in Q4 FY21 over Q4 FY20. The company's net premium income increased by 13.40% to Rs 11,879.28 crore in Q4 FY21 over Rs 10,475.12 crore in Q3 FY20. New business Annualised Premium Equivalent (APE) grew 27% Y-o-Y (year-on-year) in Q4 FY2021 to Rs 2,509 crore, on the back of 108% Y-o-Y growth...

Run-up to LIC IPO: Government pushes for legislative changes to LIC Act by month-end March 04, 2021 IPO expected by FY22 Q3 The government is preparing the ground for the initial public offering of LIC by the third quarter of FY21-22. It is pushing for legislative approvals in the second leg of the Budget session starting March 8. “The task is not easy. Lot of work has to be done to meet the target of third quarter of FY21-22,” a senior official from DIPAM (Department of Investment and Public Asset Management) told BusinessLine. Though the government has not spelt out the quantum of disi...

Max Financial Services Ltd reports Q3FY21 earnings Posted On: 2021-02-09 01:16:03 (Time Zone: Arizona, USA) Max Financial Services Ltd. (MFSL) today announced its financial results for the quarter ended December 31st, 2020. In Q3 FY21, MFSL's consolidated revenues were at Rs. 8,990 Cr., growing 68% year-on-year due to higher investment income. Consolidated PAT grew 54% to Rs. 227 Cr. In Q3 FY21, MFSL's sole subsidiary Max Life reported Gross written premium of Rs. 4,629 Cr, Up 19% over the previous year. Shareholders' PAT of Rs. 220 Cr, up 43% over the previous year, due to higher invest...

HDFC Life Insurance Company - Not only - but also - about protection - ICICI Securities