ICICI Prudential Life Insurance Company Ltd

ICICI Life (formerly ICICI Prudential Life) H1-FY2027: VNB up 22.3%, margin at 26.0% 📈

- VNB: ₹12.83 billion in H1-FY2027, up 22.3% YoY

- VNB margin: 26.0%, expanded 130 bps from full-year margin of 24.7% last yr

- Total premium: ₹245.05 billion, up 15.3% YoY

- New business premium: ₹118.21 billion, up 25.0% YoY

- PAT: ₹7.60 billion in H1-FY2027, up 26.5% YoY

- Protection mix: 23.4% of APE vs 19.3% in H1-FY2026

- Embedded value: ₹566.69 billion at Sept 30, 2026, up 12.2% YoY

- Cost to Premium ratio (ex-GST): 18.3%, down 30 bps YoY

- Distribution: 2.41 lakh+ advisors, 52 bank partnerships, more than 27,000 branches, 1,600+ non-bank partnerships

- Solvency ratio: 229.9% at Sept 30, 2026