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ICICI Prudential Life Q1 profit rises 28% on strong new business growth

in Finance, Market
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ICICI Prudential Life shares hit 52 week low after prudential deal
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Athira Sethu

Kochi, 16 July 2026

ICICI Prudential Life Insurance reported a strong performance for the first quarter of FY2027, with net profit rising 28% year-on-year to ₹386 crore, supported by healthy growth in new business, premium collections and long-term profitability. The insurer also posted higher value of new business (VNB), improved VNB margins and robust growth in retail protection, while maintaining a strong solvency ratio well above the regulatory requirement.

Financial PerformanceQ1 FY2027Q1 FY2026YoY Change
Net Profit₹386 crore₹302 crore+28%
Total Premium₹10,251 crore₹8,954 crore+14.5%
New Business Received Premium₹4,866 crore₹4,012 crore+21.3%
Assets Under Management (AUM)₹3.34 lakh crore₹3.24 lakh crore+2.9%

Value of New Business

MetricQ1 FY2027Q1 FY2026YoY Change
Value of New Business (VNB)₹571 crore₹457 crore+25%
VNB Margin26.9%24.5%+220 bps

Business Growth

MetricQ1 FY2027Q1 FY2026YoY Change
Number of Policies——+13.2%
Retail New Business Sum Assured₹1.13 trillion₹0.78 lakh crore+45.9%
Total In-force Sum Assured₹48.06 lakh crore——

Persistency Ratios

Policy DurationPersistency Ratio
13th Month84.0%
25th Month77.0%
37th Month77.3%
49th Month71.7%

Balance Sheet Strength

MetricQ1 FY2027
Net Worth₹14,375 crore
Solvency Ratio225.4%
Regulatory Requirement150%

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