India's ICICI Prudential drops as analysts flag growth concerns

Icici Prudential Life Insurance

16/07/2025 05:27

** India's ICICI Prudential Life Insurance Co ICIR.NS sheds 2% to 655.70 rupees

** Life insurer reported a higher first-quarter profit on Tuesday but analysts flag risks to co's growth prospects

** ICIR's margins were better but growth remains challenged, says Goldman Sachs, citing co's "muted" annualised premium equivalent (APE) sales growth

** Macquarie analysts say ICIR's APE growth "disappointed," adding that Q1 results flagged "growth pangs and persistency issues"

** Session's decline trims nearly all YTD gains for stock

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))