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ICICI Prudential Delivers Steady Q1 Performance with Premium Growth and Profit Uptick

Updated: July 15, 2025 13:52

Image Source: Moneycontrol
ICICI Prudential Life Insurance Company has registered a strong first quarter ended June 30, 2025, financial performance, reflecting strong premium income and profitability growth amidst shifting market trends.
 
Key performance indicators:
  • Net premium income rose to Rs 85.03 billion, higher by 12 percent yearonyear, on the back of strong traction in group as well as retail businesses.
  • Profit after tax was Rs 3.02 billion, 9 percent higher than last year's corresponding quarter, due to improved operating efficiency and investment income.
  • New business value (VNB) rose by 7.8 percent to Rs 4.72 billion with a VNB margin of 24 percent, indicating steady profitability in new policy sales.
  • Annualised premium equivalent (APE) increased by 34.4 percent to Rs 19.63 billion, with retail APE accounting for Rs 16.66 billion, reflecting robust demand across all product classes.
  • Assets under management were Rs 3.09 trillion, up 15.9 percent year on year, confirming the strength of the company's investment.
  • The most important benchmarks had higher persistency ratios, with the 13th month persistency ratio standing at 89.7 percent and that of the 49th month being 70.7 percent.
  • The solvency ratio was at 187.9 percent, well above the 150 percent minimum rate set by the regulator, guaranteeing financial stability.
ICICI Prudential's Q1 performance confirms its theme of balanced growth, customer retention, and product innovation. With the robust platform and growing market share, the insurer is poised to ride out industry change and deliver longterm value.
 
Sources: Economic Times, Business Standard, Moneycontrol, CNBCTV18, ICICI Prudential Life Insurance Company Ltd.

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