ICICI Prudential Life clocks Rs 808 crore net profit in FY 11

^{Total assets under management rose 19% to Rs 68,150 crore in FY11 compared to Rs 57,319 crore in FY10}

^{Mumbai: ICICI Prudential Life Insurance today said that it clocked a net profit Rs 808 crore for the financial year ended 31 March, 2011, up 213% compared to Rs 258 crore PAT in the last fiscal.}  

^{The insurer pared its expenses to 17.3 per cent in FY 11 from 19.50 per cent in FY10.}

^{It collected a total premium of Rs 17,881 crore for the fiscal year ended March 31, 2011 as against Rs 16,529 crore in FY2010. The new business premium recorded a growth of 24% to Rs. 7862 crore in FY 2011. The new business APE (annualized premium equivalent) for the year stood at Rs 3,975 crore.}  

^{ICICI Prudential Life’s assets under management increased by over 19% to Rs. 68,150 crore as on March 31, 2011 as compared to Rs 57,319 crore as on March 31, 2010. This includes an equity corpus of Rs. 43,325 crore.}

^{“The journey over the last decade has been one of learning and adapting. All along we have had an unrelenting focus on providing the highest quality of service to our customers while continuing to set the benchmarks in the industry,” said Sandeep Bakhshi, MD & CEO, ICICI Prudential Life Insurance.}