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Informist, Wednesday, Jul. 15, 2026

 

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--ICICI Pru Life Apr-Jun net profit INR 3.86 bln 
--ICICI Pru Life Apr-Jun net profit INR 3.86 bln vs INR 3.02 bln year ago 
--ICICI Pru Life Q1 net premium income INR 97.49 bln vs INR 85.03 bln yr ago 
--ICICI Pru Life solvency ratio at 225.4% on Jun 30 vs 227.3% qtr ago 
--ICICI Pru Life Apr-Jun value of new business INR 5.71 bln, up 24.9% YoY 
--ICICI Pru Life Q1 value of new business margin at 26.7% vs 24.5% year ago 
--ICICI Pru Life AUM INR 3.34 tln on Jun 30, up 2.9% on year 
--ICICI Pru Life Q1 new business received premium INR 48.66 bln, up 21% YoY 
--ICICI Pru Life Q1 annualised premium equivalent INR 21.4 bln, up 14.6% YoY
--ICICI Pru Life 13th month persistency at 84.0% on Jun 30 vs 84.5% qtr ago

 

By Nandini Sinha

 

MUMBAI – ICICI Prudential Life Insurance Co. Ltd. Wednesday posted strong on-year growth in net profit for the June quarter on the back of healthy growth in net premium income. The rise in the bottom line was capped as the life insurer doubled the funds it held back for future appropriations from a year ago.

 

The company's net profit for the reporting quarter was INR 3.86 billion, up nearly 28% on year but down nearly 37% on quarter. The net premium income rose over 15% on year to INR 97.49 billion, but nearly halved on quarter. Life insurance premium collections are seasonally high in the March quarter, making the sequential fall in the June quarter a routine occurrence.

 

The insurer's transfer from policyholders' account to shareholders' account fell to INR 2.45 billion in the June quarter from INR 2.71 billion a year ago. Though the surplus from its business rose nearly 27% on year to INR 4.76 billion, it transferred only INR 2.45 billion to shareholders. The remainder of INR 2.31 billion was held back for future appropriations, up from INR 1.06 billion a year ago. Details of the life insurance business are in the policyholders' account but the insurer's profitability is calculated on the shareholders' account. 

 

Consequently, the net profit rose on year because the transfer of funds to policyholders was only INR 517.3 million, less than half from the year-ago quarter. Other income in the shareholders' account soared to INR 311 million from a paltry INR 1.9 million a year ago. ICICI Prudential Life Insurance announced its financial results for the June quarter during market hours. Wednesday, shares of the insurer closed 4% higher at INR 525.15 apiece on the National Stock Exchange. 

 

In the policyholders' account, the net investment income rose over 11% on year to INR 185 billion from INR 166.49 billion a year ago. This supported the rise in total income, which stood at INR 283.95 billion in the June quarter, up over 12% on year. 

 

Total expenses rose at a similar pace, amounting to INR 279.19 billion in the reporting quarter, mainly on the back of a rise in actuarial liability. The change in actuarial liability for the reporting quarter rose to INR 166.88 billion, up nearly 28% on year. Expenses from management rose nearly 18% on year to INR 22.30 billion. However, the insurer's net benefits paid fell 8% on year to INR 89.48 billion, helping the bottom line. The claim settlement ratio was down 30 basis points on year at 99.3%, ICICI Prudential Life said in an investor presentation. 

 

The value of new business for the reporting quarter was INR 5.71 billion, up nearly 25% from INR 4.57 billion a year ago. The value of new business margin for the June quarter rose to 26.7% from 24.5% in the year-ago period. The solvency ratio, which measures an insurer's ability to cover its liabilities, rose to 225.4% as of Jun. 30 from 212.3% a year ago.

 

 

The annualised premium equivalent grew nearly 15% on year to INR 21.36 billion. Of this, savings products constituted the major share at INR 14.08 billion. The new business premium for the June quarter rose 21% on year to INR 48.66 billion.

 

ICICI Prudential Life Insurance's assets under management grew 2.9% on year to INR 3.34 trillion. The 13th month persistency ratio of the life insurer stood at 84.0% as on Jun. 30, down from 86.0% a year ago and 84.5% a quarter ago. The 61st month persistency ratio rose to 61.9% at the end of June from 61.6% a quarter ago, but fell from 63.8% a year ago. These ratios highlight the percentage of policies that are active after the first and fifth year respectively.  End

 

Edited by Avisek Dutta

 

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