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Informist, Tuesday, Apr. 14, 2026

By Shakshi Jain

NEW DELHI – ICICI Prudential Life Insurance Co. Ltd. Tuesday reported a sharp year-on-year rise in its net profit for the March quarter as total expenses fell substantially, while revenue rose in the three months. It was the insurer's highest bottom line jump in four quarters, while its top line rose year-on-year in Jan-Mar after a decline in the trailing quarter.

The company's net profit for the reporting quarter jumped nearly 58% on year and 56% sequentially to INR 6.09 billion. Its net premium income for three months rose over 17% on year and and more than 62% on a sequential basis to INR 191.80 billion.

The company's net investment income in Jan-Mar was a negative INR 163.02 billion, compared with a negative INR 9.05 billion in the year-ago period. As a result, the company's total income declined almost 76% on year to INR 37.83 billion. 

ICICI Prudential Life's total expenses in the March quarter fell 86% on year to INR 21.5 billion. The company recognised a tax credit of INR 4.01 billion for the quarter. Its assets under management were at INR 3.14 trillion as of Mar. 31, up 1.4% on year.

For the March quarter, the company had a negative actuarial liability of INR 144.19 billion, compared with a positive INR 1.62 billion for the year-ago quarter. Actuarial liability refers to the current value of a future obligation that an insurance company anticipates to pay policyholders.

The value of new business for the reporting quarter was INR 9.65 billion, up from INR 7.95 billion a year ago. The insurer had a 24.7% value of new business margin for 2025-26 (Apr-Mar), compared with 22.8% for the preceeding financial year. 

The company's persistency ratio, which measures how long customers continue with the insurer, declined year-on-year in FY26. For the 13-month metric based on individual premium collections, the ratio was 84.5% as of Mar. 31, down from 85.1% a year ago. The solvency ratio improved to 227.3% as on Mar. 31 from 212.2% a year ago.

For FY26, the insurer reported a net profit of INR 16 billion, up 35% on year. Its net premium income for the year rose 9% on year to INR 513.36 billion.

The company's board has approved final dividend of INR 1.65 per share. "...the final dividend shall be paid to the eligible shareholders within 30 days from the declaration at the ensuing AGM (annual general meeting) of the company," it said.

On Monday, shares of the company closed flat at INR 546.50 on the National Stock Exchange. The somestic stock market is closed on Tuesday on account of Ambedkar Jayanti.  End

Edited by Avishek Dutta

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