The Insurance Sector is in the news today as the Govt. plans to increase the FDI limit in insurance from 26% to 49%
The leader in the Private Insurance space is ICICI Pru Life.Some salient features of the company:
- Largest private insurer in India
- 18.9% market share in private insurance space and 7.2% overall
- PAT of 15.6 Billion Rupees
- Earnings Per share-10.96 Rs/Share
- Dividend of 7.65 Rs/Share
- 99.78% shares are held by promoters and 0.22% shares are held by employees
- Last Employee Stock Option Scheme (“ESOS”) was on April 25,2008Â with an exercise price of Rs.400 per share
The Annual Report of the Insurer can be downloaded from here.
I am market making in ICICI Pru and if anyone wants to buy/sell ICICI Pru, please email me at Alpha Ideas