ICICI Prudential Life Insurance Posts Robust Q2 Results with ₹2.99 Billion PAT and 24.5% VNB Margin

Image Source : News Mantra

ICICI Prudential Life Insurance reported a strong Q2 FY26 with profit after tax (PAT) of ₹2.99 billion, exceeding estimates, and net premium income of ₹118.43 billion. The company maintained a healthy value of new business (VNB) margin at 24.5%, reflecting sustained growth and operational efficiency.

ICICI Prudential Life Insurance (ICICI Pru Life) delivered a strong financial performance in the second quarter of fiscal 2025-26, signalling robust growth amid a competitive market environment. The company posted a profit after tax (PAT) of ₹2.99 billion, surpassing analyst expectations and showcasing healthy earnings trajectory.

During Q2, the company recorded net premium income of ₹118.43 billion, underscoring effective premium collection and customer acquisition strategies. ICICI Pru Life also sustained a high value of new business (VNB) margin of 24.5%, demonstrating strong product pricing power and disciplined cost management.

The firm’s growth was underpinned by strong uptake in protection products and annuity segments, contributing to margin stability and profitability. Improvements in operational efficiency and cost controls were evident, enabling the firm to navigate pricing challenges following regulatory changes such as the GST exemption on life and health insurance premiums.

CEO and MD Anup Bagchi highlighted the company’s focus on customer-centric initiatives, citing quick claim settlements and enhanced digital services as pillars of ongoing growth. With a vast distribution network and diversified product portfolio, ICICI Prudential Life remains well positioned to benefit from increased insurance affordability and stimulate demand.

Notable Updates:

Q2 PAT at ₹2.99 billion, above market estimates.
Net premium income stood at ₹118.43 billion.
High VNB margin maintained at 24.5%.
Robust growth in protection and annuity product segments.
Enhanced operational efficiency and cost optimization.
Positioned favorably to benefit from GST exemption on premiums.
Strong distribution network fueling premium inflows.
Continued focus on customer experience and claim settlements.

ICICI Prudential Life Insurance's solid quarterly results affirm its leadership position in the Indian life insurance market, driven by strategic focus on profitable growth and customer-centricity.

Sources: ICICI Prudential Life official reports, Smartkarma, Bajaj Broking, Moneycontrol, Business Upturn.

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