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Strong Buy

Business Type

Emerging Leader

  • unlisted stock logo
    Pnb Metlife Unlisted Shares Essentials

Discover and get complete analysis on Pnb Metlife Insurance Company upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates.



Face Value


Total Share


Total Income

₹167.19 Cr

Profit After Tax

₹92.77 Cr







Market Capitalisation

₹14,090.19 Cr

Intrinsic Value







Upcoming IPO

Cashflow - Operations

₹1,804.88 Cr

Pnb Metlife Growth

Compounded Sales Growth

  • -29.97%

    1 Year

  • -8.54%

    2 Year

  • 32.80%

    3 Year

Pro Only

Compounded Profit Growth

  • -35.18%

    1 Year

  • -19.08%

    2 Year

  • 13.25%

    3 Year

Pro Only

Return On Equity

  • 4.61%

    1 Year

  • 7.11%

    2 Year

  • 6.67%

    3 Year

Pro Only

About Pnb Metlife

  • PNB MetLife India Insurance Company Limited was incorporated in Bengaluru on April 11, 2001 as a Private Limited Company and was converted into a Public Limited Company effective from January 9, 2008 under the Companies Act, 1956.
  • This company is joint venture between Punjab National Bank(India) and MetLife International Holding LLC (USA) ,both holding a total of 62% stake.
  • PNB Metlife is the one of leading life insurance provider with plans ranging into family protection ,retirement and child protection plans
  • It has established international financial institutions such as PNB, American Express Banking Corp , Bank of Bahrain & Kuwait B.S.C, ShinHan Bank  and regional banks such as Karnatka Bank,Dakshin Bihar Gramin Bank, Sarva Haryana Gramin bank as some of their distributors
  • The company has a higher penetration in Karnataka ,Maharashtra Uttar Pradesh ,Punjab and Delhi with premium collected worth 665 crore with total sum assured amount of 20139 crores during the year. 
  • The brand ambassador on PNB MetLife is PV Sindhu ,Indian ace badminton shuttler (Silver Medalist,Olympic Games)

  • Pnb Metlife IPO Details

  • In 2018 ,it was speculated that PNB Metlife wanted to dilute the stake  upto 25% worth around ₹2800 Crore being valued at ₹11000 crore.
  • PNB is the largest shareholder in the life insurance company, expects to dilute about 4 percent stake, while MetLife will dilute 6.4 percent
  • In May 2018, Electrical equipment manufacturer Elpro International had announced plans to sell 1.33 percent stake in PNB MetLife Insurance for Rs 134.22 crore. The deal had valued the life insurance company at Rs 10,091 crore
  • In July 2018 , company filed DRHP with SEBI for listing
  • In May 2019 , CEO intended that told that company is waiting for the right time for IPO

  • Pnb Metlife Product & Services

Family Protection plans

  • PNB MetLife Mera Term Plan
  • Mera Mediclaim PlanProtection plans
  • PNB MetLife Mera Jeevan Suraksha Plan
  • PNB MetLife Aajeevan Suraksha
  • Long term service plans
  • PNB MetLife Smart Platinum Plus
  • PNB MetLife Smart Platinum
  • PNB MetLife Guaranteed Future Plan
  • PNB MetLife Mera Wealth Plan

Child plans:

  • PNB MetLife Guaranteed Future Plan
  • PNB MetLife Super Saver Plan
  • PNB MetLife Guaranteed Income Plan
  • PNB MetLife Guaranteed Savings Plan

Retirement plans:

  • PNB MetLife Guaranteed Future Plan
  • MetLife Retirement Savings Plan
  • PNB MetLife Immediate Annuity Plan
  • PNB MetLife Super Saver Plan
  • Pnb Metlife Industry Overview

Industry Statistics

  • The insurance industry is critical for any country’s economic development. A well-developed insurance sector boosts risk-taking in the economy, as it provides some security in the event of an unforeseen, loss-causing incident.
  • It also provides much-needed support to family members in the case of loss of life or health. Since the assets under management of insurance companies represent long-term capital, they also act as a pool in which to invest in long-term projects such as infrastructure development.  
  • The life insurance market in India was valued at INR 4,185 Bn in FY 2017 and is likely to expand at a compound annual growth rate (CAGR) of ~11.6% during FY 2018 to FY 2023.
  • Currently, Indian insurance companies such as LIC, ICICI Prudential Life Insurance, and SBI Life Insurance Company, among others, are introducing comprehensive custom-made micro-insurance products for the rural sector, which covers not just health but accidents as well. Increasing rural income and improving infrastructure are expected to drive the growth of the Indian life insurance market.
  • Factors such as better management of claims and regulatory trends, coupled with increasing income and the working-class population of the country are expected to drive the growth of the market.
  • There are currently 57 insurance companies in India, of which 46 are from the private sector. There are 24 life insurance and 33 non-life insurance companies in India
  • With the advent of unforeseen pandemic (Covid-19),there is a greater awareness of being protected and protecting the loved ones from unforeseen risks. Consumers have become more inclined towards pure protection covers leading to an increased demand for term plans. 

Pnb Metlife Strengths

  • Strong brand name with diversified products and services and providing almost all kind of Life insurance plans with 11,000 and strong rural presence
  • The gross direct premiums have increased at a rate of 28.6% in the last 4 years
  • Total income has increased by 28.07% CAGR times in the last 4 years
  • Claim and settlement are super easy because of personal assistance and non-involvement of third party,currently claim settlement ratio is 98%.
  • Implied equity share price when compared to other peers is very high i.e ₹74 ,where as the Current price is ₹65
  • PNB MetLife is one of the Top 6 life insurance companies of India

Pnb Metlife Shortcomings

  • ASM to RSM of PNB Metlife Life, which is metric of Solvency for insurance companies has not shown any improvement over the last 4 years, currently at 189% which is below from the level of 211% in FY 2016.
  • Expense of Management to Gross Direct Premium ratio of PNB MetLife is at 22% ,which is higher than industry average of 15%
  • Company is poorly managing the assets ROA is 0.39% whereas industry average is 1.44%
Pnb Metlife Rating


    Strong Buy

  • Pnb Metlife Detail Info

Industry Statistics


Registered In


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Registered Date


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Reg Office: Unit No. 701, 702 & 703, 7th Floor, West Wing Raheja Towers, 26/27 M G Road, Bangalore - 560001, Karnataka

Website: http://www.pnbmetlife.com