As per ICICI Prudential Q1 business update, the company has earned profits worth ₹302.08. This is a significant increase of 34.02% compared to ₹225.40 crore in the same quarter last year. The company attributed this growth to lower new business strain and higher investment income from shareholder investments.
The company’s Value of New Business (VNB), which shows the present value of future profits, stood at ₹457 crore with a VNB margin of 24.5% in Q1 FY26. Total premium income grew by 8.1% year-on-year, supported by the company’s wide range of products and strong distribution network.
Annualised Premium Equivalent (APE), a key measure of new premium business, was ₹ 1,864 crore during the quarter. Retail New Business Sum Assured, which reflects the total insurance coverage taken by new retail customers, rose sharply by 31.5% to Rs 77,750 crore. The total in-force sum assured, representing all active life cover policies, increased 17.1% to ₹41.1 lakh crore.
As of June 30, 2025, ICICI Prudential’s assets under management reached ₹3.2 lakh crore. This growth reflects strong customer trust, new business expansion, good policy retention, and effective fund management.
Anup Bagchi, Managing Director and CEO, highlighted the company’s focus on customers, noting that 54% of savings policies were issued on the same day. The company also maintained a high claim settlement ratio of 99.6%, with a quick turnaround time of just 1.1 days for death claims that did not require investigation. Cost optimization efforts helped reduce the cost-to-premium ratio for savings products by 270 basis points to 14.1% in Q1 FY26.
ICICI Prudential share price has shown a generally positive trend over the past month. As of July 15, 2025, the stock closed at ₹688.70, gaining 2.41% for the day. During June 15-July 15 2025, ICICI Prudential share price hit a high of ₹691.95. Although there were some declines—such as a 2.87% drop on July 3 and a 1.83% fall on July 11—the overall movement reflects a strong monthly performance. This represents a total increase of about 9.40% from the lowest point of ₹628.35 on June 23, 2025.
Read more: HCL Tech Declares ₹12 Interim Dividend Despite Nearly 10% Profit Drop.
ICICI Prudential Life Insurance has demonstrated strong financial performance in Q1 FY26 through higher profits, growth in new business, and efficient customer service. The company’s focus on transparency, quick claims settlement, and cost control shows promise for sustained growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 15, 2025, 2:47 PM IST
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