ICICI Prudential Life reports 26% PAT growth to ₹601 crore in H1-FY2026; EV up 9.7%
ICICI Prudential Life reported a 26% rise in H1-FY2026 PAT to ₹601 crore, with EV growing 9.7% to ₹50,501 crore. Management expects substantial protection segment growth from GST reforms.
This is a significant announcement detailing the company's financial performance for a half-year period, including profitability, business growth, and efficiency metrics. The positive results and forward-looking statements from the CEO regarding strategic benefits from regulatory changes and expected growth in the protection segment are likely to have a high impact on investor perception and future outlook.
The company reported strong financial performance with a 26% year-on-year growth in Profit After Tax and a 9.7% increase in Embedded Value. Key metrics like new business sum assured and total premium also showed healthy growth. The management's positive outlook on future growth, especially in the protection segment, driven by GST reforms and enhanced customer traction, contributes to a positive sentiment.
* ICICI Prudential Life Insurance Company Limited's Board of Directors approved the un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, on October 14, 2025. * For H1-FY2026, Profit After Tax (PAT) increased by 26.0% year-on-year to ₹601 crore from ₹477 crore in H1-FY2025. * The Value of New Business (VNB) was ₹1,049 crore with a VNB margin of 24.5%, an increase of 80 basis points. * Embedded Value (EV) grew by 9.7% year-on-year to ₹50,501 crore as of September 30, 2025, from ₹46,018 crore as of September 30, 2024. * New Business Received Premium rose by 8.7% year-on-year to ₹9,456 crore, and Total Premium grew by 9.2% to ₹21,251 crore. * New Business Sum Assured increased by 19.3% year-on-year to ₹6.77 lakh crore, with the total in-force sum assured growing by 15.9% to ₹42.16 lakh crore. * The company achieved a cost-to-premium ratio reduction of 280 bps to 19.2% in H1-FY2026, and a 13th-month persistency ratio of 85.3%. * The Solvency Ratio stood at 213.2% against the regulatory requirement of 150%, and Assets Under Management (AUM) reached ₹3.21 lakh crore. * MD & CEO, Mr. Anup Bagchi, highlighted the positive impact of recent GST reforms, which have been passed on to customers, leading to enhanced customer traction, especially in the retail protection category, which grew at a CAGR of 31% over the last three years (H1-FY2023 to H1-FY2026). He expects substantial growth in the protection segment going forward. * The company maintained an industry-leading claim settlement ratio of 99.3% for H1-FY2026, with an average turnaround time of 1.1 days for non-investigated claims.
What to do with a filing like this
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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See the model portfoliosA plain-language summary of a public exchange filing by ICICI Prudential Life Insurance Company Limited. Read the original for the full detail.