ICICI Prudential Life’s Profit in June Quarter Up by 34.2%
By Shishta Dutta | Published at: Jul 15, 2025 04:43 PM IST
Mumbai, July 15, 2025 – ICICI Prudential Life Insurance Company Ltd (NSE: ICICIPRULI, BSE: 540133) reported a 34.2% year-on-year (YoY) increase in Profit After Tax (PAT) for the quarter ending June 30, 2025 (Q1 FY26). Profit in the quarter increased from ₹225 crores in Q1 FY25 to ₹302 crores in Q1 FY26.
On Tuesday, July 15, 2025, the ICICI Prudential Life Insurance Company stock closed the day, down by 0.074% at Rs 672.
Key Financial Highlights (Standalone)
| Particulars | Q1 FY26 | Q1 FY25 | YoY Growth |
|---|---|---|---|
| Profit After Tax (₹ Cr) | 302 | 225 | 34.2% |
| Total Premium (₹ Cr) | 8,954 | 8,284 | 8.1% |
| AUM (₹ Cr) | 3,24,489 | 3,08,875 | 5.1% |
| VNB (₹ Cr) | 457 | 472 | -3.2% |
| VNB Margin | 24.5% | 24.0% | – |
| APE (₹ Cr) | 1,864 | 1,963 | -5.0% |
| Protection APE (₹ Cr) | 409 | 355 | 15.2% |
| NB Sum Assured (₹ Cr) | 3,71,452 | 2,72,468 | 36.3% |
| In-force Sum Assured (₹ L Cr) | 41.1 | 35.1 | 17.1% |
| Solvency Ratio | 212.3% | 187.9% | – |
| Cost/Total Premium (%) | 21.2% | 24.0% | – |
| Cost/Total Premium (Savings LOB) | 14.1% | 16.8% | – |
Segment-Wise & Product Performance
The company showcased strong traction in its protection segment. Retail protection APE increased 24.1% YoY to ₹139 crore. Protection now accounts for 21.9% of the Q1 APE, with linked savings contributing 46.8% and non-linked savings contributing 21.5%, respectively.
While overall APE declined 5.0% to ₹1,864 crore, this was offset by improved margins and a strong 36.3% increase in New Business Sum Assured, which stood at ₹3.7 lakh crore. Retail NBSA grew 31.5% to ₹77,750 crore.
The in-force sum assured reached ₹41.1 lakh crore, reflecting the company’s growing protection franchise.
Persistency & Claims Performance
Persistency remained healthy with the 13th month ratio at 86.0% and the 49th month ratio at 69.8%. The company also reported a high claim settlement ratio of 99.6%, with average turnaround time of 1.1 days for non-investigated death claims.
Management Commentary
Anup Bagchi, MD & CEO, stated:
“Our Q1-FY2026 performance demonstrates the strength and resilience of our business model. We delivered a 34.2% growth in PAT and maintained a healthy VNB margin of 24.5%. Protection remains at the heart of our strategy, and our retail protection business grew 24.1% YoY. Our cost-to-premium for the savings line improved by 270 bps to 14.1%.”
Capital Position
- Net Worth stood at ₹12,553 crore
- Solvency Ratio: 212.3% vs regulatory requirement of 150%
- No NPAs since inception
Regulatory Disclosure
During Q1 FY26, the company allotted 8,45,823 equity shares under its employee stock option plans.
About the Company
ICICI Prudential Life Insurance, promoted by ICICI Bank and Prudential Corporation Holdings Ltd, commenced operations in FY2001. It was the first Indian life insurer to list on NSE and BSE. As of June 30, 2025, the company had assets under management of ₹3.24 lakh crore and covered over 8.7 crore lives.
The company offers a broad suite of protection and savings products and operates a digital-first model with initiatives like ICICI Pru Stack to enhance customer and distributor engagement.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ba70ae6-7d24-41e6-8b45-62d5d1a55f7f.pdf
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