Top Insurance companies in India
01 LIC
02 SBI Life
03 HDFC life
04 ICICI Prudential
05 GIC.
In this article we discuss about top insurance companies in India by market cap. Which are listed in Indian stock exchange (NSE &BSE )
01 LIC (life insurance corporation of India )
It is the largest player in insurance sector in India by market cap. LIC have 64% of market share of life insurance. LIC is a public sector life insurance company.
Headquarter of LIC in Mumbai. Major promoter of LIC is Government of India and Ministry of finance.
Subsidiaries of LIC
01 LIC pension fund limited
02 LIC Mutual funds
03 LIC card services limited
04 LIC holding finance
05 NSE
LIC provide many services like
life insurance, Term life insurance, Retirement plans, health insurance, investment management, Asset management, index funds, Exchange traded funds, Mutual funds, Risk management
Number of employees work in LIC is 95,700.
Valuation/ fundamentals about LIC
It is a large cap company
01 Market cap – Rs 5,73,266 crore
02 CMP (current market price) – Rs 908
03 P/E – 14.21
04 Dividend yield – 0.33%
05 Cash – Rs 38,353 crore
06 Debt – Rs 0 crore
Share holding pattern of LIC
01 Promoter – 96.50%
02 Mutual Fund – 0.68%
03 DII – 0.18%
04 FII – 0.15%
05 Retail and others – 02.49%
02 SBI Life insurance
It is the second largest player in these sector. SBI life have 7.9% market share of insurance sector. SBI life is a joint venture between SBI (state bank of india) and BNP Paribas cardif
Number of employees – 18,000
Product and services provide by SBI life
Life insurance, term insurance, Endowment policy, Money back policy, Retirement plans
Fundamentals/ Valuation of SBI life
It is a large cap company
01 Market cap – Rs 150,279 crore
02 CMP (Current market price) – Rs 1510
03 P/E – 80.8
04 Dividend yield – 0.17
05 Debt – 0
06 Cash – Rs 4,164 crore
Share holding pattern of SBI life insurance
01 Promoter – 55.42%
02 Mutual fund – 12.33%
03 DII – 03.08%
04 FII – 25.16%
05 Retail and others – 04.02%
03 HDFC Life – it is the third largest player in insurance sector. It has 6.1% market share of these industry. HDFC life is the subsidiary company of HDFC ( Housing development finance corporation limited). HDFC life was founded in 2000. Headquarter of
life in Mumbai (Maharashtra)
Product of HDFC life
Life insurance, term life insurance, Unit linked insurance, Endowment policy, whole life insurance, Retirement plans.
Valuation/ fundamentals about HDFC life
It is a large cap company
01 Market cap – Rs 1,34,240 crore
02 CMP (Current market price) – Rs 625
03 P/E – 88.56
04 Dividend yield – 0.3%
05 Debt – Rs 950 crore
06 Cash – 1,136 crore
Share holding pattern of HDFC life
01 Promoter – 50.37%
02 Mutual fund – 5.77%
03 FII – 30.03%
04 DII – 02.16%
05 Retail and others – 11.66%
04 ICICI prudential – it is the 4th largest player in insurance sector. It has 5.6% market share of insurance industry. It is the subsidiary of ICICI Bank. Basically ICICI prudential joint venture ICICI and prudential corporation holding. ICICI prudential listed in NSE and BSE in 2016. Headquarter of ICICI prudential in Mumbai.
Products/service of ICICI prudential
Life insurance, Term life insurance, investment management, Retirement plans, health insurance
Number of employees – 20,000
Equity divide of ICICI prudential
ICICI (51%) + Prudential (49%)
Fundamentals and valuation of ICICI prudential
It is the large cap company
01 Market cap – Rs 83,762 crore
02 CMP (current market price) – Rs 590
03 P/E – 91.69
04 Dividend yield – 0.1%
05 Cash – 770 crore
06 Debt – 1200 crore
Share holding pattern of ICICI prudential
01 Promoter – 73.24%
02 Mutual fund – 6.43%
03 DII – 2.11 %
04 FII – 13.36%
05 Retail and others – 4.86%
05 General insurance corporation of India (GIC) – it is the 5th largest company in insurance sector. Headquarter of GIC in Mumbai
Product/Services of GIC
Term insurance, health insurance, medical insurance, Retirement plans, whole life insurance.
Subsidiaries of GIC
01 GIC Re South Africa (100% owned by GIC )
Fundamentals/ valuation about GIC
It is mid cap company
01 Market cap – Rs 59,184 crore
02 CMP (current market price) – Rs 345
03 P/E – 9.22
04 Dividend yield – 2.15%
05 Cash – Rs 23,284 crore
06 Debt – 0 crore
Share holding pattern of General insurance corporation of India
01 Promoter – 85.78%
02 Mutual Funds – 0.15%
03 DII – 10.91%
04 FII – 0.86%
05 Retail and others – 2.29%