ICICI Prudential Life Insurance reported a more than twofold increase in net profit.

For the January-March quarter to Rs 185 crore on Saturday.

The value of new business (VNB) for FY2022 was Rs 2,163 crore, a 33.4 percent increase over FY2021.

VNB is used to calculate the value of new business written in a certain time period.

Shares of the ICICI Prudential Life Insurance Company Ltd. traded at Rs 561.7 on BSE at 10:00AM (IST) on Monday.

The stock quoted a 52-week low price of Rs 430.0 and a high of Rs 724.5.

The stock of ICICI Prudential Life Insurance Company Ltd. commands a market value of Rs 77,736.7 crore.

A total of 61,987 lakh shares changed hands on the counter till 10:00AM (IST).

Promoters held 73.41 per cent in the ICICI Prudential Life Insurance Company Ltd.

ICICI Prudential Life Insurance is not owned by hedge funds.