ICICI Prudential Life Insurance reports a 26% year-on-year increase in Profit After Tax (PAT), reaching ₹601 crore for H1-FY2026. Value of New Business (VNB) stands at ₹1,049 crore, with a margin of 24.5%. Embedded Value grew by 9.7% year-on-year to ₹50,501 crore. New Business Sum assured grew by 19.3% year-on-year to ₹6.77 lakh crore. These results reflect strong performance in a growing life insurance sector.
H1-FY2026 Financial Highlights
The company reported the following key financial results for the half year ended September 30, 2025:
- Profit After Tax (PAT): Increased to ₹601 crore, a 26.0% year-on-year growth.
- Value of New Business (VNB): Recorded at ₹1,049 crore, with a margin of 24.5%.
- Embedded Value (EV): Reached ₹50,501 crore, a 9.7% year-on-year increase.
- New Business Sum Assured: Grew by 19.3% year-on-year, totaling ₹6.77 lakh crore.
Premium and Profitability Metrics
Key premium and profitability figures include:
- Total Premium: Increased by 9.2% year-on-year to ₹21,251 crore.
- Retail Protection APE: grew by 10.8% year-on-year.
Key Ratios
The company’s financial strength and efficiency are reflected in the following ratios:
- Cost-to-premium ratio: Reduced by 280 bps to 19.2%.
- Solvency Ratio: Maintained strongly at 213.2%.
Segment Reporting
Here’s a look at some of the key financial results by segment:
Segment A: Par Life:
- Net Premium: ₹216,796
- Income from investments: ₹150,366
Additional Information
- Persistency: The 13th month and 49th month persistency stood at 85.3% and 70.5% respectively.
- Assets under Management (AUM): AUM stood at ₹ 3.21 lakh crore.
Source: BSE