ICICI Prudential Q1 FY27 PAT Up 27.8% to ₹386 Cr, VNB Grows 24.9% to ₹571 Cr; Renaming to ICICI Life Insurance
ICICI Prudential Life Insurance reported Q1 FY27 PAT of ₹386 crore, up 27.8% YoY. VNB grew 24.9% to ₹571 crore with a 26.7% margin. New business premium rose 21.3% to ₹4,866 crore. The company also approved a proposal to rename itself 'ICICI Life Insurance Limited', pending approvals.
The strong financial performance, particularly the double-digit growth in PAT and VNB, indicates a positive operational and financial trajectory. The proposed name change is a significant corporate action that could impact brand perception and strategy. These factors collectively have a high impact on the company's outlook.
The company reported strong year-on-year growth in Profit After Tax (PAT) and Value of New Business (VNB), along with significant increases in new business premium and retail protection APE. The proposed name change to 'ICICI Life Insurance Limited' was also approved, indicating a positive strategic move.
ICICI Prudential Life Insurance Company Limited announced its financial results for the quarter ended June 30, 2026, reporting a Profit After Tax (PAT) of ₹386 crore, a 27.8% increase year-on-year. The Value of New Business (VNB) also saw robust growth, rising by 24.9% to ₹571 crore with a VNB margin of 26.7%.
The company's new business premium grew by 21.3% year-on-year to ₹4,866 crore. Protection business remained a key focus, with retail protection APE showing a significant 60.4% year-on-year growth. Retail new business sum assured also surged by 45.9% to ₹1.13 lakh crore.
In a significant development, the Board of Directors approved a proposal to rename the company to “ICICI Life Insurance Limited”, subject to regulatory approvals. This proposed name change reflects the strength and legacy associated with the ICICI franchise.
The company maintained strong operational performance with a claim settlement ratio of 99.3% and an average turnaround time of 1 day for non-investigative claims. Persistency ratios remained healthy, with the 13th month and 49th month persistency at 84.0% and 71.7% respectively. The solvency ratio stood at a strong 225.4%, well above the regulatory requirement of 150%. Assets under management grew to ₹3.34 lakh crore.
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.