ALFA Finder| Revenue growth | APE grew 14.6% YoY; New Business Premium grew 21% YoY. |
|---|---|
| Margins | VNB margin improved to 26.7% in Q1-FY2027 from 24.5% in Q1-FY2026. |
| Demand visibility | Strong growth in protection (45.7%) and annuity (33.0%) segments. |
| Management confidence | High; focusing on 3C framework (Customer centricity, Competency, Catalyst). |
Growth
VNB grew 24.9% YoY to ₹5.71 billion; APE rose 14.6% to ₹21.36 billion. PAT increased 27.8% YoY to ₹3.86 billion.
Outlook
Targeting sustainable VNB growth by balancing business growth, profitability, and prudence. Retail protection APE grew 60.4% YoY.
Risks
13M persistency dipped slightly to 84.0% from 84.5% in March. Cost-to-total premium ratio increased to 21.8% from 21.2%.
Last quarter's promises, checked
Delivered
- Guided VNB growth → delivered 24.9% YoY (= BEAT)
- Guided retail protection focus → delivered 60.4% YoY growth (= BEAT)
- Guided sustainable solvency > 150% → delivered 225.4% (= BEAT)
Missed
- Guided 13M persistency stability → delivered 84.0% vs 84.5% (= MISS)
- Guided cost efficiency → delivered 21.8% cost-to-premium vs 21.2% (= MISS)
Earnings Call filed with BSE, NSE: ICICIPRULI. Summary written with AI assistance from the document.
ICICI Prudential Life Insurance Company Ltd: key numbers
- Share price
- ₹466.95
- Market cap
- ₹67,764 Cr
- Revenue (annual)
- ₹63,467 Cr
- Net profit (annual)
- ₹1,600 Cr
- P/E (TTM)
- 38.5×Sector 20.8×
- Promoter holding
- 74.70%+1.97% QoQ
- FII holding
- 9.26%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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