ICICI Prudential Life Registers ₹17.76 Billion August New Business Premium; 5M FY26 NBP at ₹76.95 Billion

Mumbai, September 9, 2025: ICICI Prudential Life Insurance Company Limited (NSE: ICICIPRULI) registered excellent new business premium traction in August 2025, demonstrating sustained growth in major segments and channels.

ICICI Prudential Life Insurance Company Limited is a leading private life insurance company in India, a joint venture between ICICI Bank and Prudential Corporation Holdings Limited. The company was established on 20th July 2000, with its headquarters in Mumbai, Maharashtra, India. The NSE ticker symbol of the company’s shares is ICICIPRULI while BSE code is 540133.

Stock Performance

As of 2:25 PM IST on September 9, 2025, ICICI Prudential Life Insurance Company Ltd (NSE: ICICIPRULI) share price was trading at ₹596.25, up ₹3.10 or 0.52% for the day. The stock opened at ₹594.95, and as of 2:25 PM, reached a high of ₹597.60 and a low of ₹590.65, reflecting moderate volatility. The company’s market capitalisation stands at ₹86,230 crore, with a price-to-earnings ratio of 69.01 and a dividend yield of 0.14%.

Strong New Business Performance

The corporation earned a new business premium of ₹17.76 billion in August, up 17.7% year on year. The company’s new business premiums for the first half of FY26 totaled ₹76.95 billion, reflecting steady demand for both retail and group insurance businesses.

As of June 30, 2025, assets under management of ICICI Prudential Life were ₹3.24 trillion, offering a robust capital base to drive future growth.

First Quarter FY26 Operating Highlights

For Q1 FY26, the company reported a profit after tax of ₹3.02 billion, which is 34.2% higher than the corresponding quarter last year. Value of new business (VNB) was at ₹4.57 billion with a VNB margin of 24.5%, driven by effective cost control and high-margin product mix.

The solvency ratio was better at 212.3%, compared with 187.9% in Q1 FY25, reflecting strong financial strength. Persistency remained strong, while the claim settlement ratio was as high as 99.6%, solidifying the company’s trustworthiness in servicing customers.

Segment-Wise Performance

The retail protection business kept soaring higher, rising 24.1% on a year-on-year basis in August. Group funds supported a good performance with a 53.7% increase, while annuity sales dropped by 53.3%. Non-linked saving products grew by 20.8%, while linked savings declined by 13.6% in response to shifting market conditions and customer needs.

Channel-Wise Growth

Bancassurance and partnership channels posted growth at 6.6% and 18.9% respectively. In contrast, agency and direct channels declined by 19.4% and 15.4% respectively, indicating changes in the pattern of customer acquisition. Group business increased by 18.9%, indicating the company’s dominance in institutional solutions.

Digital adoption remained on the high growth track, with about 53% of policies being sold through digital KYC and 54% of savings policies being sold on the same day.

Market Position

ICICI Prudential Life’s robust solvency, large AUM, and diversified distribution network reflect its strength and operational efficiency. The share price of the company on the National Stock Exchange was ₹597.45 as of 8 September 2025.

With a sound capital base, good persistency, and satisfactory claims settlement ratios, ICICI Prudential Life is poised for long-term growth in both retail and institutional insurance businesses.

REF: https://nsearchives.nseindia.com/corporate/ICICIPRULI_09092025125642_SE_monthly_business_presentation_August_2025_signed.pdf

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