India's ICICI Prudential Life reports quarterly profit jump on strong premium growth
India's ICICI Prudential Life reports quarterly profit jump on strong premium growth July 15 (Reuters) - ICICI Prudential Life Insurance ICIR.NS reported a 27.8% rise in first-quarter profit on Wednesday, supported by strong premium growth from its high-margin products.
The Indian insurer posted a profit after tax of 3.86 billion rupees ($40.11 million) for the three-month period ended June 30, a jump from 3.02 billion rupees billion rupees a year earlier.
($1 = 96.2300 Indian rupees)
(Reporting by Urvi Dugar and Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))