ALFA Finder| Revenue growth | New Business Premium grew 21.3% YoY, driven by protection segment surge. |
|---|---|
| Margins | VNB margins at 26.7%; impacted by GST input tax credit unavailability. |
| Demand visibility | Strong structural demand for retail protection; savings demand sensitive to interest rates. |
| Management confidence | Balanced tone, highlighting protection momentum while acknowledging high-base savings challenges. |
Growth
New business premium grew 21.3% YoY. Protection sales surged 60.4%, while non-participating savings products remained subdued due to high FD rates.
Outlook
Management refused explicit growth guidance for FY27, citing macroeconomic volatility and competitive pricing in the savings segment.
Risks
Substantial concentration in ICICI Bank (15%) and potential loss of Standard Chartered as a key distribution partner. Margin stagnation due to tax headwinds.
Earnings Call filed with NSE, 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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