ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life Insurance Q1-FY27 PAT up 27.8% to ₹ 3.86 billion
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 15 Jul 2026, 01:49 PM IST · BSE ID: fa7626a0-7a74-44c1-ba4e-401cc20fa515
View Original BSE Filing (PDF)
💡
In Simple Terms
The insurance company's profit and new business value increased, and it plans to change its name, pending approval.
🤖 AI Summary
- ICICI Prudential Life Insurance reported Q1-FY2027 Profit After Tax (PAT) of ₹ 3.86 billion, a 27.8% year-on-year increase.
- Value of New Business (VNB) for Q1-FY2027 grew by 24.9% year-on-year to ₹ 5.71 billion, with VNB Margin at 26.7%.
- New business received premium for the quarter increased 21.3% year-on-year to ₹ 48.66 billion.
- The Board approved a proposal to change the Company’s name to “ICICI Life Insurance Limited,” awaiting IRDAI approval.
- Total Assets Under Management (AUM) reached ₹ 3.34 trillion at June 30, 2026, with a solvency ratio of 225.4%.
🔢 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%
Annualised Premium Equivalent (APE)
₹ 21.36 billion
14.6%
Protection APE
₹ 5.96 billion
45.7%
Retail new business sum assured
₹ 1.13 trillion
45.9%
Total in-force sum assured
₹ 48.06 trillion
17.1%
Net worth
₹ 143.75 billion
14.5%
Assets under management
₹ 3.34 trillion
2.9%
13th month persistency
84.0%
🏢 How This Affects the Company
The growth in new business received premium, particularly 45.7% in Protection APE and 60.4% in Retail Protection APE, indicates an expansion in policy sales and market penetration. The proposed name change aims to reinforce brand association with the broader ICICI franchise.
The 27.8% increase in Profit After Tax to ₹ 3.86 billion and 24.9% growth in Value of New Business to ₹ 5.71 billion reflect improved profitability and future earnings potential. A Net worth of ₹ 143.75 billion and solvency ratio of 225.4% demonstrate financial stability above regulatory requirements.
The reduction in Cost to Premium for savings LOB by 50 basis points to 13.6% suggests efficiency improvements, despite an overall increase in total cost-to-premium due to growth in protection business. Core business operations and governance frameworks remain unchanged.
The continued zero Non-Performing Assets (NPA) since inception for Assets Under Management (AUM) of ₹ 3.34 trillion indicates effective risk management in its investment portfolio. The proposed name change is pending IRDAI approval, introducing a regulatory approval risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the improved financial performance, with PAT increasing 27.8% to ₹ 3.86 billion and VNB growing 24.9% to ₹ 5.71 billion. The proposed name change requires IRDAI approval, which may impact future brand perception.
🔍
Management Signal
The Board's decision to approve strong Q1-FY2027 results and propose a name change indicates a focus on sustained business growth, brand strengthening, and compliance with regulatory requirements.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
IRDAI approval status for the proposed name change to “ICICI Life Insurance Limited.”
Q2-FY2027 financial results — check for sustained growth in PAT and VNB.
Updates on persistency ratios — observe trends for 13th and 25th month persistency.
LOW RISK
The financial results show strong growth and high solvency, with no immediate material risks identified.
💡 Investor Takeaway
ICICI Prudential Life Insurance reported Q1-FY2027 Profit After Tax (PAT) of ₹ 3.86 billion, a 27.8% increase year-on-year. Value of New Business (VNB) grew 24.9% to ₹ 5.71 billion. The Company’s solvency ratio stood at 225.4% as of June 30, 2026.
⚖️ 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 and improved surplus generation.
- Value of New Business (VNB) grew by 24.9% year-on-year to ₹ 5.71 billion in Q1-FY2027, with the VNB Margin improving to 26.7%.
⚠️ Concerns
- The 25th month persistency ratio decreased from 83.4% in June 2025 to 77.0% in June 2026, indicating a decline in policy retention over that period.
- Total cost-to-premium ratio increased by 60 basis points from 21.2% in Q1-FY2026 to 21.8% in Q1-FY2027, primarily due to increased protection business.
📅 Company Track Record
In Q1-FY2026, ICICI Prudential Life Insurance reported PAT of ₹ 3.02 billion and VNB of ₹ 4.57 billion. The company approved FY26 audited financial statements on April 14, 2026, and recommended a final dividend of ₹1.65 per share for shareholder approval.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was ICICI Prudential Life Insurance's net profit in Q1-FY2027?
ICICI Prudential Life Insurance's Profit After Tax (PAT) for Q1-FY2027 was ₹ 3.86 billion, representing a 27.8% year-on-year growth from ₹ 3.02 billion in Q1-FY2026.
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 in Q1-FY2027 was ₹ 5.71 billion, marking a 24.9% year-on-year increase from ₹ 4.57 billion in Q1-FY2026.
What is ICICI Prudential Life Insurance's proposed new name?
The Board of Directors approved a proposal to change the Company’s name to “ICICI Life Insurance Limited”, which is pending IRDAI approval.
What was the total Assets Under Management (AUM) for ICICI Prudential Life Insurance as of June 30, 2026?
ICICI Prudential Life Insurance's Assets Under Management (AUM) stood at ₹ 3.34 trillion as of June 30, 2026, reflecting a 2.9% year-on-year growth.
How did ICICI Prudential Life Insurance's new business received premium perform in Q1-FY2027?
New business received premium grew by 21.3% year-on-year to ₹ 48.66 billion in Q1-FY2027 from ₹ 40.12 billion in Q1-FY2026.
Questions based on this BSE filing only. For information purposes.