ICICI Prudential Life Insurance Q4 Results: Profit Rises 122%, Net Premium Income Up 10.7%

ICICI Prudential Life Insurance Co.'s net profit rose 122% year-on-year in the January–March quarter.

The insurer posted a consolidate net profit of Rs 385 crore in the quarter ended March 31, 2025. In the year-ago period, the company posted a net profit of Rs 174 crore.

The net premium income during the quarter under review climbed 10.7% year-on-year to Rs 16,369 crore, compared to Rs 14,788 crore in the corresponding quarter of the previous fiscal.

The ICICI Bank subsidiary's solvency ratio stood at 212.2%, 40 basis points higher as compared to 211.8% in the preceding quarter ended Dec. 31, 2024.

The company's assets under management grew 5.2% to Rs 3.09 lakh crore versus Rs 2.94 lakh crore in the year-ago period.

ICICI Prudential Life Q4 FY25 Highlights (Consolidated, YoY)

• Net profit up 122% at Rs 385 crore.

• Net premium income up 10.7% at Rs 16,369 crore.

• AUM up 5.2% at Rs 3.09 lakh crore

• Annualised premium equivalent degrew 3% to Rs 3,502 crore

• Value of new business advanced 2.5% to Rs 795 crore

• VNB margin expands to 22.7% from 21.2% (QoQ)

For the entire fiscal ending March 31, 2025, the life insurer reported a strong 40% increase in net profit, reaching Rs 1,189 crore. The APE crossed Rs 10,000 crore for the first time, with a 15% year-on-year increase to Rs 10,407 crore.

The 13th-month persistency ratio rose to 89.1% from 89%, whereas the 61st-month persistency ratio declined to 64.1% from 66% in the year-ago period.

ICICI Prudential Life's board also declared a final dividend of Rs 0.85 per share for the financial year ended March 31, 2025.

Before the quarterly results were posted, shares of the insurer closed 2.62% higher at Rs 567.6 apiece on the BSE, compared to 2.1% climb in the benchmark Sensex.