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Informist, Tuesday, Jan. 13, 2026

 

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--ICICI Pru Life Oct-Dec net profit INR 3.90 bln  
--ICICI Pru Life Oct-Dec net profit INR 3.90 bln vs INR 3.26 bln year ago 
--ICICI Pru Life Oct-Dec net premium income INR 118.1 bln vs INR 122.6 bln 
--ICICI Pru Life Apr-Dec net profit INR 9.92 bln vs INR 8.03 bln year ago 
--ICICI Pru Life Apr-Dec net premium income INR 321.56 bln vs INR 308.90 bln 
--ICICI Pru Life solvency ratio at 214.8% on Dec 31 vs 213.2% qtr ago 
--ICICI Pru Life Apr-Dec VNB margin at 24.4% vs 22.8% year ago 
--ICICI Pru Life 13th month persistency at 81% on Dec 31 vs 81.4% qtr ago 
--ICICI Pru Life Q3 value of new business INR 6.15 bln vs INR 5.17 bln yr ago 
--ICICI Pru Life AUM INR 3.31 tln as on Dec 31, up 6.5% on year 

 

By Suryash Kumar

 

MUMBAI – ICICI Prudential Life Insurance Co. Ltd. posted a near 4% year-on-year decline in net premium income to INR 118.09 billion for the December quarter. This was largely due to fall in single premium income, with the overall gross premium income down 3% on year to INR 122.26 billion--lower than the INR 140.52 billion expected by Motilal Oswal Financial Services Ltd.

 

The insurance company's net profit for the quarter rose nearly 20% on year to INR 3.90 billion. Motilal Oswal had estimated a net profit of INR 3.19 billion. The net profit rose due to a low base of last year when the company's expenses had dropped sharply.

 

The company's annualised premium equivalent for the December quarter was INR 25.25 billion, up nearly 4% from the same period last year, according to the company's investor presentation.

 

The company's total expenses rose multifold on year to INR 224.45 billion, largely because of changes in actuarial liability. Actuarial liability refers to current value of future obligation that an insurance company anticipates to pay to policy holders.

 

For the December quarter, the company had an actuarial liability outgo of INR 75.60 billion. In the year-ago quarter, the company had a negative actuarial liability of INR 104.08 billion.

 

The value of new business for the reporting quarter was INR 6.15 billion, up nearly 9% on year. The value of new business for the first nine months of this financial year was INR 16.64 billion, up 5.7% on year. The insurer had a 24.4% value of new business margin for the nine-month period compared with 22.8% margin last year. Its assets under management as of Dec. 31 were INR 3.30 trillion, up 6.5% on year.

 

The company's persistency ratio, which measures how long customers continue with the insurer, declined on year. For the 13-month metric based on individual premium collections, the ratio was 81% as of Dec. 31, down from 81.4% quarter ago and 85.6% year ago. Its solvency ratio for December quarter rose to 214.8% from 213.2% a quarter ago.

 

The company's net profit for the first nine months of FY26 was INR 9.92 billion, up 23.5% on year, according to the company's investor presentation. Shares of ICICI Prudential Life Insurance rose to a high of INR 706.80 on the National Stock Exchange after the results were declared. But they erased the gains and closed at INR 681.45, almost unchanged from Monday.  End

 

Edited by Ashish Shirke

 

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