ICICI Prudential Life Insurance PAT Rises 23.5% to ₹992 Crore in 9M-FY2026
ICICI Prudential Life Insurance reported a 23.5% YoY growth in PAT to ₹992 crore for 9M-FY2026. VNB stood at ₹1,664 crore with a 24.4% margin. Retail Protection APE grew 40.8% and Retail NB Sum Assured rose 51.6% in Q3-FY2026. The company authorized key officials for disclosures.
The announcement includes key financial results (PAT, VNB) and operational highlights (growth in APE, Sum Assured, cost efficiency) for a significant period (9 months and a quarter). The update on authorized personnel for disclosures is also a material event for investors.
The company reported significant year-on-year growth in Profit After Tax (PAT) and Value of New Business (VNB), along with strong performance in key segments like Retail Protection. The improved cost efficiency and robust solvency ratio further contribute to the positive sentiment.
ICICI Prudential Life Insurance Company Limited announced the outcome of its Board Meeting held on January 13, 2026. The Board approved the un-audited financial results for the quarter and nine months ended December 31, 2025.
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 from the previous year.
The Value of New Business (VNB) for the nine months ended December 31, 2025, was ₹1,664 crore, with a VNB margin of 24.4%. In Q3-FY2026, VNB was ₹615 crore, supported by a 9.9% year-on-year growth in retail Annualised Premium Equivalent (APE).
Key performance highlights include a 40.8% year-on-year growth in Retail Protection APE and a 51.6% increase in Retail New Business Sum Assured to ₹1.24 lakh crore in Q3-FY2026. The retail number of policies also grew by 11.7% year-on-year in the same period.
The company's cost-to-premium ratio improved by 50 basis points to 19.3% for 9M-FY2026, with the savings business cost-to-premium ratio reducing by 90 basis points to 12.7%. The solvency ratio was maintained at a strong 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 as of December 31, 2025. The company also highlighted its industry-leading claim settlement ratio of 99.3% with an average turnaround time of 1.1 days for non-investigative individual death claims in 9M-FY2026.
Furthermore, the Key Managerial Personnel/Officials authorized to determine materiality of events/information and make disclosures to the Stock Exchanges were updated. Mr. Anup Bagchi, MD & CEO, commented on the results, highlighting the company's 25-year journey and commitment to profitability and customer value.
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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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