ICICI Prudential Life Insurance Company Ltd

📊 ICICI Prudential Life Insurance FY2026 Results: Strong Growth in VNB, PAT & Retail Protection

- VNB grew by 10.9% year-on-year to ₹26.29 billion, with VNB margin expanding to 24.7% from 22.8% in FY2025.

- Profit After Tax (PAT) increased by 34.6% year-on-year to ₹16 billion.

- New Business Premium grew by approximately 10% year-on-year to ₹248.10 billion.

- APE (Annual Premium Equivalent) grew by 2.2% to ₹106.41 billion.

- Retail protection business grew by 32.3% year-on-year in FY2026, with Q4 growth at 60.5%.

- Assets Under Management (AUM) stood at ₹3.14 trillion.

- Embedded Value grew by 10.5% year-on-year to ₹529.89 billion.

- Solvency ratio remained strong at 227.3%.

- Claim settlement ratio was 99.3% with an average turnaround time of 1.1 days.

- 13th month persistency was 84.5%.

- Cost efficiency improved, with savings cost to premium ratio reducing by 40 basis points to 12.1%.

- Growth outlook for FY2027 is cautious due to market volatility, with focus on granular strategies and maintaining sustainable VNB growth.