Home / Business and Economy / ICICI Prudential Life Sees 20% Profit Surge
ICICI Prudential Life Sees 20% Profit Surge
13 Jan
Summary
- Net profit jumped 19.82% to ₹390.20 crore in Q3 FY26.
- Value of New Business increased by 18.96% to ₹615 crore.
- Retail protection APE grew by 40.8%, aided by GST reforms.
ICICI Prudential Life Insurance announced a robust 19.82% rise in its standalone net profit for the third quarter of FY26, achieving ₹390.20 crore compared to ₹325.65 crore in the same period last fiscal. This impressive financial performance was largely bolstered by a significant 54.24% increase in investment income from shareholders' accounts, which reached ₹279.17 crore.
The insurer's Value of New Business (VNB) also demonstrated strong momentum, growing by 18.96% year-on-year to ₹615 crore in Q3 FY26. While net premium income saw a slight dip of 3.69%, first-year premiums increased by 8.86% and renewal premiums by 5.9%. The retail protection segment, however, stood out with a remarkable 40.8% year-on-year growth in APE, positively impacted by recent GST reforms.
For the first nine months of FY26, ICICI Prudential Life's net profit grew by 23.5% to ₹992 crore. The company's assets under management also saw a healthy increase of 6.5% to ₹3,307.29 billion by December 31, 2025. CEO Anup Bagchi highlighted the positive impact of the '0 per cent GST reform' on individual policies, particularly in the retail protection segment.
