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Earnings Call

ICICI Prudential Life Insurance Company Earnings Call: Key Takeaways

ICICI Prudential Life Insurance reported FY2026 PAT growth of 34.6% to ₹16 billion and a VNB of ₹26.29 billion. Strategy focuses on retail protection growth and cost optimization through AI/ML.

Highlights
Revenue growthAPE grew 2.2% YoY to ₹106.41 billion.
MarginsVNB margin expanded 190 bps to 24.7%.
Demand visibilityStrong retail protection demand boosted by GST reforms.
Management confidenceConfident in multi-decadal retail protection opportunity.

Growth

VNB grew 10.9% YoY; PAT up 34.6%; New business premium grew 10% to ₹248.10 billion.

Outlook

Targeting steady VNB growth; focus on micro-market strategies and deepening NRI segments via GIFT city.

Risks

Persistency variance negative ₹2.64 billion due to annuity withdrawals; volatile equity markets impacting linked business.

Source

Earnings Call filed with NSE, NSE: ICICIPRULI. Summary written with AI assistance from the document.

Read the document ↗

ICICI Prudential Life Insurance Company Ltd: key numbers

Share price
₹458.70
Market cap
₹66,566 Cr
Revenue (annual)
₹63,467 Cr
Net profit (annual)
₹1,600 Cr
P/E (TTM)
39.5×Sector 21.7×
Promoter holding
72.73%-0.07% QoQ
FII holding
10.22%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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ICICI Prudential Life Insurance Company Board Meeting Date

ICICI Prudential Life Insurance will hold a board meeting on October 13, 2026, to consider and approve the unaudited financial results for the quarter ended September 30, 2026.

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ICICI Prudential Life Insurance Company Other Announcement

ICICI Prudential Life Insurance Company Limited has changed its name to 'ICICI Life Insurance Limited' effective September 22, 2026, following approval from the ROC.

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ICICI Prudential Life Insurance Company Employee Stock Options

ICICI Prudential Life allotted 10,142 equity shares under its ESOP (2005) and EPS (2023) schemes. The allotment was approved by the MD & CEO under delegated board authority.

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ICICI Prudential Life Insurance Company Annual General Meeting

Shareholders approved changing the company's name to 'ICICI Life Insurance Limited' through a postal ballot. The formal voting results have been declared.

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ICICI Prudential Life Insurance Company Legal & Regulatory

ICICIPRULI's GST appeal was dismissed, upholding a ₹3.75 Crore tax demand and penalty for July 2017–Sept 2019. The company plans to file a further appeal.

Value
₹3.75 Cr
14:45 IST NSE
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ICICI Prudential Life allotted 184,265 shares under ESOP 2005 and ESUS 2023 schemes. MD & CEO approved the allotment on September 8, 2026.