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Max Financial Services Ltd posts consolidated Q1FY22 net profit of Rs. 21.19 crores

Max Financial Services Ltd posts consolidated Q1FY22 net profit of Rs. 21.19 crores
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

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LIC IPO size to be larger than any precedent: DIPAM - The Hindu BusinessLine

LIC IPO size to be larger than any precedent: DIPAM - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Mahesh Balasubramanian appointed Managing Director of Kotak Life Insurance; Suresh Agarwal elevated to MD & CEO of Kotak General Insurance

Mahesh Balasubramanian appointed Managing Director of Kotak Life Insurance; Suresh Agarwal elevated to MD & CEO of Kotak General Insurance
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St James's Place benefits as clients move savings into investment

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 GBP2.37 billion a year before, amid record gross inflows of GBP4.79 billion, up 19% from GBP4.04 billion. ....

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ICICI Prudential Life Q4 PAT drops 65% to Rs 63 cr

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 in March 2021 to Rs 1,101 crore.
New business sum assured jumped 22.1% Y-o-Y to Rs 2,05,184 crore in Q4 FY2021 along with an expansion in new business premium by 22.9% to Rs 5,133 crore in the same period. The company was able to strengthen its position as the private sector market leader in terms of new business sum assured, with a market share of 13% in 11M FY2021, rising 11.8% ....

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