ICICI Prudential Life Insurance has announced a 26% jump in profit after tax (PAT) to ₹601 crore for H1-FY2026. New business premiums increased 8.7% to ₹94.56 billion. The company’s embedded value (EV) grew by 9.7% year-on-year to ₹50,501 crore. The insurer’s board has approved the results for the period ending September 30, 2025.
Financial Highlights
In H1-FY2026, ICICI Prudential Life Insurance reported the following key financial results:
- Profit After Tax (PAT): Increased 26% year-on-year to ₹601 crore
- Value of New Business (VNB): ₹1,049 crore with a margin of 24.5%
- Embedded Value (EV): Grew 9.7% year-on-year to ₹50,501 crore
- New Business Sum Assured: Increased 19.3% year-on-year to ₹6.77 lakh crore
Key Performance Indicators
The key performance indicators for ICICI Prudential for H1-FY2026 are:
- Annualized Premium Equivalent (APE): Stood at ₹4,286 crore
- Total Premium: Grew by 9.2% year-on-year to ₹21,251 crore
- Retail New Business Sum Assured: Grew by 17.2% year-on-year to ₹1.72 lakh crore
Expense and Claim Metrics
- The cost-to-premium ratio decreased to 19.2%.
- Claim settlement ratio stood at 99.3%.
- The 13th month and 49th month persistency stood at 85.3% and 70.5%, respectively.
Asset Quality
- AUM stood at ₹3.21 lakh crore.
- Zero Non-Performing Assets (NPA)
Other Updates
- Solvency Ratio: 213.2% as on September 30, 2025.
- The company has passed on the benefits of GST exemption on life insurance.
Source: BSE