ICICI Prudential Life Insurance presents its 9-Month FY2026 performance highlights. Key metrics include an APE of ₹68.11 bn, VNB of ₹16.64 bn, and profits after tax of ₹9.92 bn. The company maintains a strong solvency ratio of 214.8% and continues to focus on sustainable growth and customer centricity. The performance reflects a balanced approach to business growth, profitability, and risk management.
Financial Performance Highlights
ICICI Prudential Life Insurance reported the following key performance indicators for the nine months ended December 31, 2025 (9M FY2026):
- APE (Annualized Premium Equivalent): ₹68.11 bn
- VNB (Value of New Business): ₹16.64 bn
- Profits After Tax: ₹9.92 bn
- Solvency Ratio: 214.8%
The company’s 13M persistency stood at 84.4% as of December 31, 2025. Assets under management reached ₹3,307.29 bn, marking a 6.5% year-over-year growth. The embedded value framework guides sustainable value creation.
Business Strategy & Growth
The company focuses on a ‘3C Framework’: Customer Centricity, Competency, and Catalyst. Key strategic initiatives include:
- Diversified product suite and distribution channels.
- Emphasis on customer centricity.
- Operational efficiency improvements.
- Integration of ESG (Environmental, Social, and Governance) principles into business management.
Product and Channel Mix
The product mix is well-diversified, with linked products comprising 49% and non-linked products 20% of the total mix for the period. The distribution mix includes Agency at 26%, Direct at 14%, Bancassurance at 29%, and Partnership distribution at 13%.
Focus on Protection and Annuity
The company is strategically focused on growing its protection and annuity segments. Retail sum assured grew by 29.5% year-over-year. Annuity APE has seen strong growth, with a 4-year CAGR of approximately 14%.
Risk and Prudence
ICICI Prudential maintains a strong and resilient balance sheet. It reports the following:
- Zero NPA (Non-Performing Assets) since inception.
- 95.8% of fixed income investments are in sovereign or AAA-rated instruments.
Source: BSE
