ICICI Life Insurance Share Price Falls Over 3% After Q2 FY27 Earnings Results: PAT Up 25.05% YoY

On October 13, 2026, ICICI Life Insurance Limited announced its standalone unaudited financial results for Q2 and H1 FY27, alongside audited figures for FY26, as per the exchange filings.  

The company showed strong growth in premium income and shareholder profitability, driven by increased first-year and renewal premiums. 

ICICI Life Insurance Q2 FY27 Earnings Results 

In Q2 FY27, ICICI Life Insurance experienced a 16.56% rise in net premium income, reaching ₹13,803.90 crore, compared to ₹11,843.10 crore in Q2 FY26.  

First-year premiums contributed ₹2,145.70 crore, while renewal premiums added ₹7,296.47 crore. Total income slightly decreased by 2.27% to ₹11,742.65 crore, impacted by negative net investment income.  

Total expenses remained stable at ₹11,552.94 crore. Policyholders’ surplus fell by 60.88% to ₹189.71 crore, while shareholders’ profit after tax (PAT) increased by 25.05% to ₹374.22 crore from ₹299.26 crore in Q2 FY26. 

H1 FY27 Financial Performance of ICICI Life Insurance 

For H1 FY27, net premium income grew by 15.76% to ₹23,553.23 crore, with single premiums contributing ₹7,967.59 crore.  

Total income rose by 7.50% to ₹40,137.55 crore, supported by premium flows and improved investment income.  

Total expenses increased by 8.21% to ₹39,471.72 crore. Policyholders’ surplus decreased by 22.68% to ₹665.83 crore. Shareholders’ PAT showed robust growth of 26.45%, reaching ₹760.40 crore. 

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FY26 Financial Overview 

In FY26, ICICI Life Insurance reported a net premium income of ₹51,335.63 crore and total income of ₹63,420.38 crore.  

Total expenses were ₹60,958.28 crore, with a policyholders’ surplus of ₹2,462.10 crore.  

Shareholders’ PAT stood at ₹1,600.36 crore. The company recommended a final dividend of ₹1.65 per equity share for FY26. 

Balance Sheet and Asset Position 

As of September 30, 2026, ICICI Life Insurance's balance sheet reflected a strong asset base. Shareholders' investments totaled ₹16,447.53 crore, while policyholders' fund investments, excluding linked assets, were ₹1,47,611.49 crore.  

Assets held to cover linked liabilities amounted to ₹1,58,484.13 crore. Reserve and surplus for shareholders stood at ₹12,785.66 crore, with a paid-up equity share capital of ₹1,451.23 crore. 

ICICI Life Insurance Share Price Performance  

As of October 13, 2026, at 2:01 PM, ICICI Life Insurance share price on NSE was trading at ₹449.00, down by 3.11% from the previous closing price. 

Conclusion 

ICICI Life Insurance's Q2 and H1 FY27 results show strong premium growth and a 25.05% increase in Q2 PAT to ₹374.22 crore. H1 PAT rose by 26.45% to ₹760.40 crore, reflecting operational efficiency. 

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