ICICIPRULI.NSE

ICICI Prudential Life Insurance Co. Ltd.

In this briefing: IDFC First Bank Ltd - Steady Recovery Underway; Operating Leverage to Drive RoA Improvement ICICI Life (IPRU IN) Vs ICICI GIC (ICICIGI IN): Life Vs General Insurance Spread Signals Trade US Semiconductor China Export Restrictions. Game, Set & Now Let's Try MATCH! Exencial Industry Tidings - 27-04-2026 APAC Healthcare Weekly (April 26) – Sino Bio, Wuxi Bio, Astellas Pharma, Eisai, Celltrion, Cochlear 1. IDFC First Bank Ltd - Steady Recovery Underway; Operating Leverage to Drive RoA Improvement Deposit Growth Temporarily Impacted; Recovery Underway: In Q4, IDFCFB’s deposit growth was flat QoQ, impacted by a combination of SA rate rationalisation, tight systemic liquidity, seasonal outflows, and a one-off incident at the Haryana branch. Encouragingly, early trends in Apr’26 indicate a revival in deposit accretion momentum, supported by sustained customer acquisition, thereby suggesting a return to normalised growth in the near term. Management remains confident of returning to ~5% QoQ growth from Q1 onwards.

In this briefing: ICICI Life (IPRU IN) Vs ICICI GIC (ICICIGI IN): Life Vs General Insurance Spread Signals Trade US Semiconductor China Export Restrictions. Game, Set & Now Let's Try MATCH! Exencial Industry Tidings - 27-04-2026 APAC Healthcare Weekly (April 26) – Sino Bio, Wuxi Bio, Astellas Pharma, Eisai, Celltrion, Cochlear HDFC Bank (HDFCB IN) Vs. Yes Bank (YES IN): Large–Small Bank Spread Signals Statistical Arbitrage 1. ICICI Life (IPRU IN) Vs ICICI GIC (ICICIGI IN): Life Vs General Insurance Spread Signals Trade Context: The ICICI Lombard General Insurance (ICICIGI IN) vs. ICICI Prudential Life (IPRU IN) price-ratio has deviated two standard deviations from its one-year average, presenting a potential relative value opportunity. Highlight: Going long ICICI Prudential Life Insurance (IPRU IN) and short ICICI Lombard General Insurance Company (ICICIGI IN) targets a 6% return. Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play. 2.

In this briefing: ICICI Life (IPRU IN) Vs ICICI GIC (ICICIGI IN): Life Vs General Insurance Spread Signals Trade US Semiconductor China Export Restrictions. Game, Set & Now Let's Try MATCH! Exencial Industry Tidings - 27-04-2026 APAC Healthcare Weekly (April 26) – Sino Bio, Wuxi Bio, Astellas Pharma, Eisai, Celltrion, Cochlear HDFC Bank (HDFCB IN) Vs. Yes Bank (YES IN): Large–Small Bank Spread Signals Statistical Arbitrage 1. ICICI Life (IPRU IN) Vs ICICI GIC (ICICIGI IN): Life Vs General Insurance Spread Signals Trade Context: The ICICI Lombard General Insurance (ICICIGI IN) vs. ICICI Prudential Life (IPRU IN) price-ratio has deviated two standard deviations from its one-year average, presenting a potential relative value opportunity. Highlight: Going long ICICI Prudential Life Insurance (IPRU IN) and short ICICI Lombard General Insurance Company (ICICIGI IN) targets a 6% return. Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play. 2.

India’s HDFC Life Insurance Company posted a fall in quarterly new business value on Thursday while reporting a slight profit rise, driven by policy renewals. India’s tax cuts in September have boosted retail insurance demand but analysts had forecast a soft quarter for HDFC Life with new business growth slowing due to weaker sales through banks and as volatile markets made customers wary about market-linked plans. “Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty,” HDFC Life MD and CEO Vibha Padalkar said in a statement. The insurer, a unit of HDFC Bank, posted a net profit of 4.96 billion rupees ($53.2 million) for the three months ended March 31, compared with 4.77 billion rupees a year ago. Earlier in the week, peer ICICI Prudential Life reported a jump in quarterly profit, boosted by new business growth. HDFC Life’s net premium income rose nearly 9% to 258.29 billion rupees, driven by a 14% rise in policy renewals.

India’s HDFC Life Insurance Company posted a fall in quarterly new business value on Thursday while reporting a slight profit rise, driven by policy renewals. India’s tax cuts in September have boosted retail insurance demand but analysts had forecast a soft quarter for HDFC Life with new business growth slowing due to weaker sales through banks and as volatile markets made customers wary about market-linked plans. “Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty,” HDFC Life MD and CEO Vibha Padalkar said in a statement. The insurer, a unit of HDFC Bank, posted a net profit of 4.96 billion rupees ($53.2 million) for the three months ended March 31, compared with 4.77 billion rupees a year ago. Earlier in the week, peer ICICI Prudential Life reported a jump in quarterly profit, boosted by new business growth. HDFC Life’s net premium income rose nearly 9% to 258.29 billion rupees, driven by a 14% rise in policy renewals.

In this briefing: Aequitas: Rentmojo Ltd Pre-IPO Tearsheet Primer: Solara Active Pharma Sciences (SOLARA IN) - Apr 2026 Primer: Kopran Ltd (KOP IN) - Apr 2026 Primer: Home First Finance (HOMEFIRS IN) - Apr 2026 HSIE Results Daily: ICICI Prudential Life Insurance Company 1. Aequitas: Rentmojo Ltd Pre-IPO Tearsheet Rentmojo Ltd (RMJL IN) s looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal. Rentmojo operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India, spanning across category management, designing, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. According to Redseer, it was the largest home furniture and appliances online rental and subscription platform(based on live subscribers) as of FY25 and Sep 30, 2025, and subscription revenue(during FY25). 2. Primer: Solara Active Pharma Sciences (SOLARA IN) - Apr 2026 Solara is a pure-play Active Pharmaceutical Ingredients (API) manufacturer emerging from a significant operational and financial reset, showing early signs of a turnaround with improved profitability and cash flows in the most recent fiscal year.

In this briefing: Aequitas: Rentmojo Ltd Pre-IPO Tearsheet Primer: Solara Active Pharma Sciences (SOLARA IN) - Apr 2026 Primer: Kopran Ltd (KOP IN) - Apr 2026 Primer: Home First Finance (HOMEFIRS IN) - Apr 2026 HSIE Results Daily: ICICI Prudential Life Insurance Company 1. Aequitas: Rentmojo Ltd Pre-IPO Tearsheet Rentmojo Ltd (RMJL IN) s looking to raise about US$126m in its upcoming India IPO. The deal will be run by Axis, IIFL and Motilal Oswal. Rentmojo operates a technology-driven, full-stack direct-to-consumer online rental and subscription platform for furniture and appliances in India, spanning across category management, designing, procurement, refurbishment, servicing, reverse logistics and multi-cycle redeployment. According to Redseer, it was the largest home furniture and appliances online rental and subscription platform(based on live subscribers) as of FY25 and Sep 30, 2025, and subscription revenue(during FY25). 2. Primer: Solara Active Pharma Sciences (SOLARA IN) - Apr 2026 Solara is a pure-play Active Pharmaceutical Ingredients (API) manufacturer emerging from a significant operational and financial reset, showing early signs of a turnaround with improved profitability and cash flows in the most recent fiscal year.

In this briefing: Sony Financial Group (8729) - Cheap Vs Peers and Growing Out of Its ROE Hole Primer: Aspial Lifestyle (ASPL SP) - Apr 2026 Primer: Home First Finance (HOMEFIRS IN) - Apr 2026 Shortlist of High Conviction Philippines Equity Ideas - April 2026 HSIE Results Daily: ICICI Prudential Life Insurance Company 1. Sony Financial Group (8729) - Cheap Vs Peers and Growing Out of Its ROE Hole Sony Financial Group (8729 JP) saw shares soar the first few days post-listing then fall back. Now they are near a post-listing low, despite ESR rising on InterestRate-adjusted basis. The company has bought back ¥70bn of the ¥100bn buyback plan but shares have fallen as former Sony Corp (6758 JP) holders have sold. At yesterday's close of ¥146.4, shares are at a 5.1% dividend yield (before buying back more shares) and 7.8x Mar27e IFRS Adjusted Net Income. That seems relatively inexpensive. 2. Primer: Aspial Lifestyle (ASPL SP) - Apr 2026 Aspial Lifestyle is demonstrating exceptional top and bottom-line growth, driven by its diversified business model spanning jewellery retail, pawnbroking, and secured lending.

In this briefing: Sony Financial Group (8729) - Cheap Vs Peers and Growing Out of Its ROE Hole Primer: Aspial Lifestyle (ASPL SP) - Apr 2026 Primer: Home First Finance (HOMEFIRS IN) - Apr 2026 Shortlist of High Conviction Philippines Equity Ideas - April 2026 HSIE Results Daily: ICICI Prudential Life Insurance Company 1. Sony Financial Group (8729) - Cheap Vs Peers and Growing Out of Its ROE Hole Sony Financial Group (8729 JP) saw shares soar the first few days post-listing then fall back. Now they are near a post-listing low, despite ESR rising on InterestRate-adjusted basis. The company has bought back ¥70bn of the ¥100bn buyback plan but shares have fallen as former Sony Corp (6758 JP) holders have sold. At yesterday's close of ¥146.4, shares are at a 5.1% dividend yield (before buying back more shares) and 7.8x Mar27e IFRS Adjusted Net Income. That seems relatively inexpensive. 2. Primer: Aspial Lifestyle (ASPL SP) - Apr 2026 Aspial Lifestyle is demonstrating exceptional top and bottom-line growth, driven by its diversified business model spanning jewellery retail, pawnbroking, and secured lending.