ICICI Prudential Life Insurance PAT Grows 23.5% to ₹992 Crore in 9M-FY2026; VNB Margin at 24.4%
ICICI Prudential Life Insurance reported a 23.5% year-on-year growth in PAT to ₹992 crore for 9M-FY2026. VNB stood at ₹1,664 crore with a margin of 24.4%. Retail protection APE grew 40.8% in Q3-FY2026. AUM reached ₹3.31 lakh crore. Key managerial personnel were authorized for materiality disclosures.
The announcement includes key financial results (PAT, VNB) and operational highlights (APE growth, AUM growth) which are material information for investors and stakeholders, impacting their assessment of the company's financial health and future prospects.
The company reported strong year-on-year growth in Profit After Tax (PAT) and Value of New Business (VNB), alongside robust growth in retail protection and AUM, indicating a positive financial performance.
ICICI Prudential Life Insurance Company Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results in a meeting held on January 13, 2026.
The company reported a Profit After Tax (PAT) of ₹992 crore for the nine months ended December 31, 2025, marking a significant year-on-year growth of 23.5%. For the third quarter of FY2026, PAT stood at ₹390 crore, a 19.6% increase compared to the same period last year. The Value of New Business (VNB) for the nine months was ₹1,664 crore, with a VNB margin of 24.4%. In Q3-FY2026, VNB was ₹615 crore, driven by a 9.9% year-on-year growth in retail Annualised Premium Equivalent (APE).
Total premium income for the nine months increased by 4.2% to ₹33,477 crore. Retail protection APE showed robust growth, increasing by 40.8% year-on-year in Q3-FY2026, contributing to a 51.6% rise in retail new business sum assured to ₹1.24 lakh crore during the quarter. Overall new business sum assured grew by 15.5% year-on-year to ₹3.39 lakh crore in Q3-FY2026.
The company also highlighted its cost efficiency, with the cost-to-premium ratio improving by 50 basis points to 19.3% in 9M-FY2026. The solvency ratio remained strong at 214.8% as of December 31, 2025, well above the regulatory requirement of 150%. Assets Under Management (AUM) grew by 6.5% year-on-year to ₹3.31 lakh crore.
Additionally, the company announced the authorization of Key Managerial Personnel/Officials for determining materiality of events and information and making disclosures to the stock exchanges. Mr. Anup Bagchi (MD & CEO), Mr. Dhiren Salian (CFO), Mr. Dhiraj Chugha (Chief Investor Relations Officer), and Ms. Priya Nair (Company Secretary and Compliance Officer) have been designated for this purpose.
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ICICI Prudential Life Insurance Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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