ICICI Prudential Life Insurance has reported a 23.5% year-on-year increase in Profit After Tax (PAT), reaching ₹992 crore for the nine months ended December 31, 2025. Value of New Business (VNB) stood at ₹1,664 crore. Core retail protection segment recorded a strong 40.8% year-on-year growth in Q3-FY2026, significantly contributing to the overall positive financial results. The insurer saw asset under management (AUM) increase to ₹3.31 lakh crore.
Financial Performance Highlights
ICICI Prudential Life Insurance showcases robust financial results, driven by core strategic focus and innovative offers:
Profitability:
- Profit After Tax (PAT) registers a year-on-year growth of 23.5% to ₹992 crore in 9M-FY2026.
- Value of New Business (VNB) was ₹1,664 crore with a margin of 24.4% in 9M-FY2026.
- In Q3-FY2026, PAT grew by 19.6% year-on-year.
Premium Growth:
- Total premium amounted to ₹33,477 crore, representing a 4.2% increase.
- Annualized Premium Equivalent (APE) stood at ₹6,811 crore.
- Retail APE demonstrates robust growth, achieving 20.9%.
Business Growth:
- Retail Protection APE grew by 40.8% year-on-year in Q3-FY2026.
- New Business Sum Assured reached ₹10.16 lakh crore, showing an increase of 18.1%.
Assets and Solvency
Assets Under Management (AUM) reaches ₹3.31 lakh crore, demonstrating prudent investment and asset management strategies.
Solvency ratio stood at 214.8% as of December 31, 2025, surpassing the regulatory requirement of 150%.
Strategic Focus and Achievements
- Company excels at maintaining an industry-leading claim settlement ratio of 99.3% in 9M-FY2026, showcasing its dedication to fulfilling promises.
- Company maintains no Non-Performing Assets (NPA), highlighting effective risk management and high-quality asset book.
Source: BSE
