Results     08-May-23
Announcements
PNB MetLife India Insurance Company standalone net profit rises 294.07% in the March 2023 quarter
Sales rise 16.53% to Rs 2901.50 crore
Net profit of PNB MetLife India Insurance Company rose 294.07% to Rs 17.93 crore in the quarter ended March 2023 as against Rs 4.55 crore during the previous quarter ended March 2022. Sales rose 16.53% to Rs 2901.50 crore in the quarter ended March 2023 as against Rs 2489.84 crore during the previous quarter ended March 2022.

For the full year,net profit reported to Rs 112.19 crore in the year ended March 2023 as against net loss of Rs 71.04 crore during the previous year ended March 2022. Sales rose 19.73% to Rs 8333.94 crore in the year ended March 2023 as against Rs 6960.47 crore during the previous year ended March 2022.

ParticularsQuarter EndedYear Ended
 Mar. 2023Mar. 2022% Var.Mar. 2023Mar. 2022% Var.
Sales2901.502489.84 17 8333.946960.47 20
OPM %-0.48-1.21 -0.50-4.17 -
PBDT20.085.14 291 131.87-50.08 LP
PBT20.085.14 291 131.87-50.08 LP
NP17.934.55 294 112.19-71.04 LP

Previous News
  PNB MetLife India Insurance Company Limited: [ICRA]AA+(Stable) assigned to subordinated programme
 ( Press Releases - 17-Dec-21   09:56 )
  PNB MetLife India Insurance Company standalone net profit rises 702.51% in the March 2024 quarter
 ( Results - Announcements 22-Jun-24   07:34 )
  PNB MetLife Insurance launches its new ulip product ' PNB MetLife Goal Ensuring Multiplier'
 ( Insurance - 07-Sep-22   10:50 )
  PNB Met life announces Rs 768.6 crore bonus to policyholders
 ( Insurance - 20-Jun-23   19:20 )
  PNB MetLife Insurance launches PMLI Small Cap Fund in ULIP segment
 ( Insurance - 20-Feb-24   11:24 )
  PNB MetLife Insurance appoints Sameer Bansal as new MD & CEO
 ( Insurance - 06-Jun-24   14:42 )
  PNB MetLife India Insurance Company standalone net profit declines 23.71% in the December 2023 quarter
 ( Results - Announcements 29-Jan-24   12:33 )
  PNB MetLife Insurance announces Rs 532 crore bonus for policyholders in FY21
 ( Insurance - 16-Jul-21   17:30 )
  MetLife to Increase stake in PNB Metlife with Punjab National Bank
 ( Insurance - 04-Oct-21   20:06 )
  PNB MetLife has announced a bonus of Rs 594 crore to policyholders for FY22.
 ( Insurance - 14-Jul-22   22:25 )
  PNB MetLife Insurance appoints Vijayalakshmi Natarajan as chief risk & compliance officer
 ( Insurance - 26-Mar-24   18:00 )
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