ICICI Prudential life insurance reports strong H1-FY2026 growth

ICICI Prudential Life Insurance Company Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board of directors approved these results, noting a 26% year-on-year growth in profit after tax (PAT) to ₹6.01 bn for H1-FY2026, primarily driven by higher investment income. The value of new business (VNB) was ₹10.49 bn with a margin of 24.5%.

Total premium grew by 9.2% year-on-year to ₹212.51 bn, and new business sum assured increased by 19.3% to ₹6.77 trillion. The company’s embedded value (EV) rose 9.7% year-on-year to ₹505.01 bn, while assets under management (AUM) reached ₹3.21 trillion. The solvency ratio stood at 213.2%, well above the regulatory requirement. Additionally, 16,300 equity shares were allotted under the employees stock option scheme. The company also announced that individual life insurance premiums would be exempted from GST effective September 22, 2025, following a GST Council decision.