ICICI Prudential Life Q2 FY26 Earnings Results: Profit Rises 18% to ₹296 Crore on Strong Premium Growth

ICICI Prudential Life Insurance Company (NSE: ICIPRULI) reported a net profit of ₹296 crore for the quarter ended September 2025 (Q2 FY26), an 18% rise from ₹250.99 crore in the same period last year. However, the profit saw a slight dip from ₹300.99 crore in the previous quarter.

Premium Income Shows Solid Growth

The company’s net premium income climbed 10.1% year-on-year to ₹11,843 crore, compared to ₹10,754 crore in Q2 FY25. Sequentially, the premium income surged by 39%, indicating strong customer demand and policy renewals during the quarter.

ICICI Prudential’s total premium rose 9.2% YoY to ₹21,251 crore, supported by growth across product categories.

APE and Long-Term Growth

The insurer’s Annualised Premium Equivalent (APE), a key metric for measuring new business stood at ₹4,286 crore, reflecting a two-year compound annual growth rate (CAGR) of 10.3%.

APE represents the sum of annualised first-year regular premiums and 10% of single premiums, showing consistent growth in new business momentum.

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Operating Expenses Decline Year-on-Year

ICICI Prudential’s total expenses for the quarter were ₹2,152 crore, down 6% from ₹2,289.89 crore a year earlier. However, compared to the previous quarter, expenses rose 13% from ₹1,891.48 crore, mainly due to higher business volumes and operating activities.

Conclusion

ICICI Prudential Life delivered a stable performance in Q2 FY26, with profit rising 18% and premium income expanding by over 10% year-on-year. Despite a small sequential decline in profit, the company continues to demonstrate operational efficiency and long-term business growth through steady improvements in APE and expense management.

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