FOR SHORT TERM INVESTORS ICICI PRIDENTIAL LIFE INSURANCE MAY HAVE SHOWN LOWER NET PROFIT FOR Q1 BUT ITS CORE BUSINESS OF LIFE INSURANCE IS VERY PROMISING FOR LONG TERM INVESTORS.

ANALYSIS OF Q1 RESULTS DECLARED YESTERDAY JULY 24 2018

Performance Highlights  Value of New Business (VNB*) increased by 34.1% to ` 2.44 billion in Q1- FY2019 from ` 1.82 billion in Q1-FY2018  Total premium grew by 13.0% to ` 55.18 billion in Q1-FY2019 from ` 48.85 in Q1-FY2018  Protection APE grew by 48.1% to ` 1.14 billion in Q1-FY2019 from ` 0.77 billion in Q1-FY2018  Retail renewal premium grew by 29.1% to ` 36.25 billion  13th month persistency1 stood at 85.8% 

VNB margin is prime factor for measuring the business. After last results share price surge to 450 primarily due to VNB increase. This quarter saw further surge in VNB. FII portion of recent sale oversubscribed by 170%. This show the interest of FIIs on this stock. This qtr it dropped due to meltdown of midcaps and promoter diluting stake due to sebi regulation. This is retirement stock and thus stock will double every 2 years like many quality stocks. Dont give this to FII due to operator trap