Private life insurers post healthy Q1 earnings, which stock offers best value?
August 02, 2019 / 02:25 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Life insurance companies have got off to a flying start in FY20. Amid all the gloom and doom, the first quarter financial results of listed life-insurance companies were very encouraging.
This suggests that life-insurance is an attractive way to play the financial sector at a time when private banks are staring at slowdown, public sector banks are saddled with huge non-performing assets and starved of capital, non-banking companies (NBFCs) are going through a liquidity crisis and asset management companies are vulnerable...