| Revenue growth | New business premium grew 25% YoY; Total premium up 15.3%. |
|---|---|
| Margins | VNB margins expanded 130 bps to 26% driven by protection mix. |
| Demand visibility | Strong demand for protection and annuity; softness in linked-savings. |
| Management confidence | Balanced; focused on long-term VNB growth despite regulatory shifts. |
Growth
New business premium grew 25% YoY, significantly outpacing total premium growth of 15.3%. Volume expansion remains robust with a 10.6% increase in policy count.
Outlook
Strategic pivot toward Proprietary and Partnership channels aims to sustain VNB growth. Management targets long-term value via protection segment expansion.
Risks
Regulatory overhang from the IRDAI consultation paper on distribution economics poses margin uncertainty. Softness in linked-savings indicates vulnerability to equity market volatility.
Earnings Call Transcript filed with NSE, NSE: ICICIPRULI. Summary written with AI assistance from the document.
ICICI Life Insurance Ltd: key numbers
- Share price
- ₹412.00
- Market cap
- ₹59,789 Cr
- Revenue (annual)
- ₹63,467 Cr
- Net profit (annual)
- ₹1,600 Cr
- P/E (TTM)
- 34.0×Sector 19.7×
- 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.
More from ICICI Life Insurance Ltd
All →ICICI Life Insurance Employee Stock Options
ICICI Prudential Life Insurance allotted 2,697 equity shares under its ESUS 2023 scheme on October 21, 2026. No transaction value is disclosed for this ESOP allotment.
ICICI Life Insurance Legal & Regulatory
ICICI Life Insurance received an Income Tax rectification order for Assessment Year 2023, resulting in a total financial impact of ₹591.42 Crore.
- Value
- ₹591.4 Cr
- From
- Assistant Commissioner of Income Tax, Mumbai
ICICI Life Insurance Legal & Regulatory
ICICI Life Insurance received an income tax rectification order for Assessment Year 2023, resulting in a total incremental tax and interest demand of ₹230.19 Crore.
- Value
- ₹230.2 Cr
- From
- Income Tax Department
ICICI Life Insurance Legal & Regulatory
ICICI Life Insurance received an income tax rectification order for AY 2024, resulting in a reduced tax demand and adjusted interest impact of ₹278.90 Crore.
- Value
- ₹278.9 Cr
- From
- Assistant Commissioner of Income Tax
ICICI Life Insurance Legal & Regulatory
ICICI Life Insurance received an Income Tax rectification order for AY 2024, resulting in incremental interest of ₹ 40.96 Lakhs. The company has appealed the order.
- Value
- ₹0.41 Cr
ICICI Life Insurance Other Announcement
NSE has approved a change in the company's name to ICICI Life Insurance Limited and its trading symbol to ICICILIFE, effective October 23, 2026.