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ICICI Prudential Life Insurance Company Ltd Q4 FY22 Earnings ConCall Summary

#ICICIPRULI #ICICIPRULIQ4 #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
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Q&A Insights: Arav Sangai from VT Capital asked about the increase in sensitivity on interest rates. Satyan Jambunathan CFO said the increase in sensitivity on interest rates is the effect of the increase in the nonlinked, non-par savings in the product mix that the company has.

Q&A Insights: Nischint Chawathe with @kotaksecurities asked when does the unwinding rate of 7.2% start going up given that there is a rise in interest rates. Satyan Jambunathan CFO said that it will show up in FY23. Also, FY23 unwind should start off at a higher level than FY22.

Q&A Insights: Nidhesh Jain from @InvestecI asked about margin expansion seen in nonlinked savings which has seen a doubling of margins on a YoY basis. Satyan CFO said this is pretty much driven by product mix, par and non-par, within that segment; there is nothing else underlying

Q&A Insights: Shyam Srinivasan from @GoldmanSachs enquired about the number at which ULIP will remain, which’s now below 50%. N. S. Kannan, MD said that what is imperative is that ULIP product opportunity and the customer opportunity is different from the nonlinked opportunity.

Q&A Insights: Sanketh from Spark Capital asked about sustainability of VNB margins of non-linked closer to 33%. Satyan CFO said it will depend on mix. If linked, nonlinked mix continues at current level, this is what it will be. If non-par, par mix changes, then margin may change

To read further on the detailed analysis of #ICICIPRULI concall Q&A …

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