ICICI Prudential Life Insurance Company Ltd
ICICI Pru Life Q1-FY2027 PAT at ₹ 3.86 billion, VNB up 24.9%
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Jul 2026, 01:42 PM IST · BSE ID: 98f06803-92e5-4065-85da-63ce8e0196a1
View Original BSE Filing (PDF)
💡
In Simple Terms
ICICI Prudential Life Insurance reported strong quarterly profits and new business growth, and plans to change its company name.
🤖 AI Summary
- Board approved unaudited standalone financial results for the quarter ended June 30, 2026.
- Profit After Tax (PAT) increased by 27.8% year-on-year to ₹ 3.86 billion in Q1-FY2027.
- Value of New Business (VNB) grew 24.9% year-on-year to ₹ 5.71 billion with a 26.7% VNB Margin.
- New business received premium rose 21.3% year-on-year to ₹ 48.66 billion.
- Proposed change of the Company’s name to “ICICI Life Insurance Limited”, pending IRDAI approval.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit After Tax (PAT)
₹ 3.86 billion
27.8%
Value of New Business (VNB)
₹ 5.71 billion
24.9%
New business received premium
₹ 48.66 billion
21.3%
Total premium
₹ 102.51 billion
14.5%
🏢 How This Affects the Company
The company's core business operations and strategy remain unchanged despite the proposed name change. Growth in New Business Received Premium and Value of New Business indicates continued business expansion.
Profit After Tax increased by 27.8% to ₹ 3.86 billion, driven by higher Shareholders’ income and improved surplus generation. Solvency ratio stands at 225.4% against a 150% regulatory requirement, indicating a strong capital position.
Cost-to-premium ratio for the savings line of business reduced by 50 basis points to 13.6% due to cost optimisation initiatives. Total cost-to-premium ratio for Q1-FY2027 was 21.8%, reflecting an increase primarily due to higher protection business.
No new risks identified. The company maintains zero Non-Performing Assets (NPA) since inception, indicating high quality of the asset book.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and the proposed name change, which requires IRDAI approval.
🔍
Management Signal
Management is focused on driving profitability and new business growth while also considering a brand alignment through the proposed name change.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
IRDAI decision on the proposed name change to "ICICI Life Insurance Limited".
Q2 FY2027 financial results for continued business and profitability trends.
Updates on retail protection APE growth following GST reforms.
LOW RISK
The filing indicates strong financial performance and capital position, with no immediate new risks identified.
💡 Investor Takeaway
ICICI Prudential Life Insurance reported Q1-FY2027 Profit After Tax of ₹ 3.86 billion, a 27.8% year-on-year increase. Value of New Business grew 24.9% to ₹ 5.71 billion with a 26.7% margin. The company proposed to change its name to "ICICI Life Insurance Limited" pending IRDAI approval.
⚖️ Strengths & Concerns
✅ Positives
- Profit After Tax (PAT) increased by 27.8% year-on-year to ₹ 3.86 billion in Q1-FY2027, driven by higher shareholders' income.
- Value of New Business (VNB) grew 24.9% year-on-year to ₹ 5.71 billion, with a VNB Margin of 26.7% in Q1-FY2027.
⚠️ Concerns
- Total cost-to-premium ratio increased by 60 basis points to 21.8% in Q1-FY2027 from 21.2% in Q1-FY2026, driven by protection business.
- 13th month persistency ratio decreased from 86.0% in June 30, 2025, to 84.0% in June 30, 2026.
📅 Company Track Record
In April 2026, the company approved FY26 audited financial statements and recommended a final dividend of ₹1.65 per share. The current Q1-FY2027 results show continued growth in key metrics like PAT and VNB.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was ICICI Prudential Life Insurance's Profit After Tax (PAT) for Q1-FY2027?
ICICI Prudential Life Insurance reported a Profit After Tax (PAT) of ₹ 3.86 billion for the quarter ended June 30, 2026, representing a 27.8% year-on-year growth.
What was the Value of New Business (VNB) for ICICI Prudential Life Insurance in Q1-FY2027?
The Value of New Business (VNB) for ICICI Prudential Life Insurance was ₹ 5.71 billion in Q1-FY2027, an increase of 24.9% year-on-year.
What is the proposed name change for ICICI Prudential Life Insurance?
ICICI Prudential Life Insurance Company Limited's Board of Directors approved a proposal to change the company’s name to “ICICI Life Insurance Limited”, pending IRDAI approval.
What was ICICI Prudential Life Insurance's solvency ratio at June 30, 2026?
ICICI Prudential Life Insurance's solvency ratio stood at 225.4% at June 30, 2026, against the regulatory requirement of 150%.
Questions based on this BSE filing only. For information purposes.