ICICI Prudential Life Insurance Company Limited (BOM:540133) Financial Strength : 4 (As of Mar. 2024)

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What is ICICI Prudential Life Insurance Company Limited Financial Strength?

ICICI Prudential Life Insurance Company Limited has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate ICICI Prudential Life Insurance Company Limited's interest coverage with the available data. ICICI Prudential Life Insurance Company Limited's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.01. Altman Z-Score does not apply to banks and insurance companies.

ICICI Prudential Life Insurance Company Limited Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

ICICI Prudential Life Insurance Company Limited's Interest Expense for the months ended in Mar. 2024 was ₹0 Mil. Its Operating Income for the months ended in Mar. 2024 was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹12,000 Mil.

ICICI Prudential Life Insurance Company Limited's Interest Coverage for the quarter that ended in Mar. 2024 is

GuruFocus does not calculate ICICI Prudential Life Insurance Company Limited's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

ICICI Prudential Life Insurance Company Limited's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio	=	Total Debt (Q: Mar. 2024 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	12000)	/	901291.2
	=	0.01

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ICICI Prudential Life Insurance Company Limited (BOM:540133) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

ICICI Prudential Life Insurance Company Limited has the Financial Strength Rank of 4.

ICICI Prudential Life Insurance Company Limited Financial Strength Related Terms

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ICICI Prudential Life Insurance Company Limited (BOM:540133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Prudential Life Insurance Company Limited (BOM:540133) » Definitions » Financial Strength

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Traded in Other Exchanges

ICICIPRULI:India

Address

1089 Appasaheb Marathe Marg, ICICI Pru Life Towers, 1st and 2nd Floor, Cnergy IT Park, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders.