Debasis Mohapatra
Bengaluru, 15 April 2026
ICICI Prudential Life’s share price closed 3.11% up at Rs 563.50 on Wednesday as investors cheered the steady Q4 of FY26 performance of the company.
In the fourth quarter, net profit of ICICI Prudential Life rose 58% to Rs 609 crore, up from Rs 386 crore in the year-ago period. For FY26, net profit was at Rs 1,600 crore, up 34.6% over the same period of last year.
New business received premium grew 30.6% to Rs 9,719 crore during Q4FY26, while annualised premium equivalent (APE) rose 16.4% to Rs 10,641 crore for FY26.
Net premium income jumped 17% to Rs 19,180 crore. One-time premiums increased 46%, while renewal premiums rose nearly 6%.
The company reported Value of New Business (VNB) of Rs 965 crore in Q4FY26, while FY26 VNB grew 10.9% Y-o-Y to Rs 2,629 crore.
On the operational performance front, the claim settlement ratio at 99.3% and an average turnaround time of 1.1 days for non-investigated individual death claims in FY26.
Similarly, persistency ratios stood at 84.5% the 13th month and 71.8% for the 49th month.
