ICICI Prudential Life Insurance reported Q3 FY26 net premium income of ₹118.09 billion and a profit after tax (PAT) of ₹3.9 billion. For April–December 2025, the insurer achieved a Value of New Business (VNB) margin of 24.4%, reflecting robust growth, operational efficiency, and strong demand for protection products.
ICICI Prudential Life Insurance Company Ltd has announced its December quarter (Q3 FY26) earnings, underlining resilience and growth in India’s life insurance sector. The company reported net premium income of ₹118.09 billion, driven by strong traction in new business premiums and steady renewal inflows.
Key Highlights
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Premium performance: Net premium income rose to ₹118.09 billion, showcasing healthy demand across protection and savings-linked products.
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Profitability: The insurer posted a PAT of ₹3.9 billion, reflecting disciplined cost management and improved underwriting practices.
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VNB margin: For the nine months ended December 2025, ICICI Prudential achieved a VNB margin of 24.4%, underscoring profitability of new business and effective product mix.
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Business drivers: Growth was supported by bancassurance partnerships, digital distribution channels, and rising retail participation in unit-linked insurance plans (ULIPs).
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Industry context: With insurance penetration in India still relatively low, ICICI Prudential continues to leverage innovation and customer-centric offerings to capture untapped opportunities.
Market Context
Analysts highlight that ICICI Prudential’s performance reflects the broader strength of India’s life insurance industry, which is benefiting from rising awareness of financial protection and long-term savings. The company’s strong VNB margin signals sustainable profitability, positioning it as a key player in the private life insurance space.
Sources: NDTV Profit (ndtvprofit.com in Bing), BusinessLine (thehindubusinessline.com in Bing), LiveMint (livemint.com in Bing), ICICI Prudential Investor Relations (iciciprulife.com in Bing)