ICICI Prudential Life Insurance PAT grows 23.5% to ₹992 crore in 9M-FY26; VNB at ₹1,664 crore
ICICI Prudential Life Insurance reported a 23.5% year-on-year growth in Profit After Tax (PAT) to ₹992 crore for the nine months ended December 31, 2025. Value of New Business (VNB) was ₹1,664 crore with a margin of 24.4%. Retail Protection APE grew 40.8% in Q3-FY26. The company authorized Anup Bagchi, Dhiren Salian, Dhiraj Chugha, and Priya Nair for materiality disclosures.
The announcement includes key financial results (PAT, VNB, APE), operational highlights (retail protection growth, sum assured), and updates on management authorization for disclosures, all of which are material to investors.
The company reported strong financial performance with significant growth in PAT and VNB, alongside positive indicators like increased retail protection APE and sum assured, and improved cost ratios. The solvency ratio remains robust.
ICICI Prudential Life Insurance Company Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025, following a Board Meeting held on January 13, 2026. The company reported a Profit After Tax (PAT) of ₹992 crore for the nine months of FY2026, marking a significant year-on-year growth of 23.5%. The Value of New Business (VNB) stood at ₹1,664 crore, with a VNB margin of 24.4% for the same period. In the third quarter of FY2026 (Q3-FY2026), PAT grew by 19.6% to ₹390 crore, and VNB was ₹615 crore, supported by a 9.9% year-on-year growth in retail Annualised Premium Equivalent (APE).
The company saw robust growth in its retail protection segment, with APE increasing by 40.8% year-on-year in Q3-FY2026. Consequently, retail new business sum assured registered a strong growth of 51.6% to ₹1.24 lakh crore during the quarter. The overall new business sum assured (NBSA) grew by 15.5% year-on-year to ₹3.39 lakh crore in Q3-FY2026, and the total in-force sum assured reached ₹43.44 lakh crore as of December 31, 2025.
Cost efficiency improved, with the cost-to-premium ratio reducing by 50 basis points to 19.3% for 9M-FY2026. The cost-to-premium ratio for the savings business saw a reduction of 90 basis points to 12.7%. The company maintained a strong solvency ratio of 214.8% against the regulatory requirement of 150%. Assets Under Management (AUM) grew by 6.5% to ₹3.31 lakh crore as of December 31, 2025.
Furthermore, the company has authorized Mr. Anup Bagchi (Managing Director and Chief Executive Officer), Mr. Dhiren Salian (Chief Financial Officer), Mr. Dhiraj Chugha (Chief Investor Relations Officer), and Ms. Priya Nair (Company Secretary and Compliance Officer) to determine the materiality of events or information and make disclosures to the stock exchanges.
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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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