ICICI Prudential Life Insurance Co.'s net profit rose 34% year-on-year in the April–June quarter.
The insurer posted a bottom line of Rs 301 crore in the quarter ended June 30, 2025. In the year-ago period, the company posted a net profit of Rs 224 crore.
The net premium income during the quarter under review climbed 8% year-on-year to Rs 8,503 crore, compared to Rs 7,874 crore in the corresponding quarter of the previous fiscal.
ICICI Prudential Life Q1 FY26 Highlights (Consolidated, YoY)
Net premium income up 8% at Rs 8,503 crore versus 7,874 crore
Annualised premium equivalent degrew by 5% to Rs 1,864 crore. ( NDTV Profit estimate: Rs 1,850 crore)
Value of new business declined by 3.2% to Rs 457 crore. (Estimate: Rs 450 crore)
VNB margins came in at 24.5%, up 50 basis points. (Estimate: Rs 24.3%)
VNB Margin at 24.5% versus 22.9% (QoQ)
Net profit 34% at Rs 301 crore versus 224 crore.
The company is reported a inline performance with APE declining 5% year-on-year to Rs 1,864 crore, while VNB also slipped by 3.2% year-on-year to Rs 457 crore.
Despite the weakness in topline growth, VNB margins is expected to improve by 50 basis points year-on-year to 24.5%, aided by a more favorable product mix or cost efficiencies. On a sequential basis, VNB margins are expanded by 160 basis points, primarily due to the low base effect in the previous quarter.
ICICI Prudential Life's solvency ratio remained flat at 212.3%.
The 13th month persistency ratio stood flat at 80.8%, whereas the 61st month persistency ratio improved to 63.4% from 61.6%% in the quarter-ago period.
Shares of the company rose 2.2% higher at Rs 687 apiece on the NSE, compared to a 0.4% rise in the benchmark Nifty.
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