On July 15, 2026, ICICI Prudential Life Insurance Company Limited released its standalone financial results for the quarter ending June 30, 2026, as per the exchange filings.
The company reported a 27.8% year-on-year increase in Profit After Tax (PAT) to ₹386.18 crore, driven by a 24.9% rise in Value of New Business (VNB) to ₹571 crore.
For the quarter ending June 30, 2026, ICICI Prudential Life Insurance's total income increased by 12.1% year-on-year (YoY) to ₹28,394.90 crore, up from ₹25,320.15 crore in the same quarter of the previous year.
This represents a substantial quarter-on-quarter (QoQ) rise of 650.7% from ₹3,782.55 crore in the March 2026 quarter.
The company's net profit (PAT) for the June 2026 quarter rose by 27.8% YoY to ₹386.18 crore, compared to ₹302.08 crore a year ago.
However, this marks a decrease of 36.6% QoQ from ₹608.81 crore in the March 2026 quarter.
For the financial year 2026, ICICI Prudential Life Insurance reported a total income of ₹63,420.38 crore.
The net profit (PAT) for the same period stood at ₹1,600.36 crore.
The company's PAT for the June 2026 quarter increased by 27.8% YoY to ₹386.18 crore, compared to ₹302.08 crore in the same quarter of the previous year.
This growth was supported by a 24.9% increase in VNB, which reached ₹571 crore. The VNB margin improved by 220 basis points, reaching 26.7% for the quarter.
ICICI Prudential Life Insurance also experienced a 21.3% YoY increase in new business received premium, amounting to ₹4,866 crore. The total number of insurance policies issued rose by 13.2% during this period.
Protection products played a crucial role in the company's performance, with a 60.4% surge in retail protection annualised premium equivalent (APE).
The retail new business sum assured expanded by 45.9% to ₹1.13 lakh crore, increasing the total in-force sum assured to ₹48.06 trillion.
In a corporate update, the Board of Directors approved a proposal to rename the company as "ICICI Life Insurance Limited." This change follows a reclassification request from promoter status to investor status by a key promoter entity.
Read More: Indian Bank Q1 FY27 Results: Net Profit Rises 10% to ₹3,273 Crore, Share Price Rises Over 8%!
The life insurer maintained a robust financial position, with assets under management (AUM) growing to ₹3.34 lakh crore. The solvency ratio stood at 225.4%, comfortably above the minimum regulatory requirement of 150%.
As of July 15, 2026, at 2:25 PM, ICICI Prudential Life Insurance share price on NSE was trading at ₹522.60, up by 3.70% from the previous closing price.
ICICI Prudential Life Insurance's Q1-FY2027 results show a 27.8% YoY rise in PAT to ₹386.18 crore, with VNB up by 24.9% to ₹571 crore. The company's AUM reached ₹3.34 lakh crore, and its solvency ratio was 225.4%.
For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 15, 2026, 5:00 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
