Pnb Metlife Share Price - Financial, Valuations & News
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Unlisted Shares

PHYSICAL

Pnb Metlife Essentials

Pnb Metlife Growth

Compounded Sales Growth

1 Year

3 Year

7 Year

Compounded Profit Growth

3 Year

7 Year

Return On Equity

2017

2020

2023

Highlights

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  • Revenue Growth:- Company's revenue over last 7 years grew at a healthy CAGR rate of 17.30%. 
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  • New Business Premium Growth:- In FY23, The company has witnessed a robust growth of 30% in New business premium, and 20% growth in statutory premium.
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  • Customer Retention :- In FY23, the company was able to generate a renewal premium of 63.35% out of the total premiums collected. This is good for the company as "Retaining old customer is cheaper than making new one".
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  • Strong Claim Settlement ratio:- In FY23, Claim settlement ratio witnessed significant improvement during the year. Claim settlement ratio for individual segment improved to 99.1% and group segment ratio improved to 99.7%
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  • Investment Thesis:- The company has strong support from Met Life International Holdings, LLC., Punjab National Bank, M. Pallonji & Company Pvt. Ltd., J&K Bank, Elpro International Ltd., and IGE India Pvt. Ltd. It has a P/E ratio of 121.4x, which is higher than the average P/E ratio of its peers, which is 48.9x. However, the company's P/B ratio of 6.8x is lower than the average P/B ratio of its peers, which is 7.5x. The company is among the top 10 private life insurance companies in the country and has positive growth prospects. It is also nearly debt-free. (peers taken are Life insurance corporation, HDFC life, SBI Life Insurance, IndiaFirst, Max life Insurance.)

Business Rating

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Managment
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Accounting Practice
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Profatibility
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Solvency
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Growth
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Valuation
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Over all Ratings
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