ICICI Prudential reports steady H1-FY2026 performance with increased profit

ICICI Prudential Life Insurance Company reported an Annualised Premium Equivalent (APE) of ₹42.86 bn for H1-FY2026, marking a 4.1% year-on-year (Y-o-Y) growth. Value of New Business (VNB) stood at ₹10.49 bn with a margin of 24.5%. Total premium reached ₹212.51 bn, growing 9.2% Y-o-Y, while profits after tax were ₹6.01 bn, a 26.0% Y-o-Y increase.

The company maintained a healthy 13th month persistency ratio of 85.3% as of September 30, 2025. The claim settlement ratio was 99.3% for H1-FY2026, with claims settled within an average of 1.1 days. Assets Under Management (AUM) reached ₹3,214.94 bn, showing a 0.3% Y-o-Y growth, and the solvency ratio was 213.2% as of September 30, 2025, indicating a strong financial position.

Cost-to-total premium ratios improved, with the overall ratio at 19.2% for H1-FY2026 (down 280 bps from H1-FY2025) and for savings products at 12.7% (down 280 bps). Retail sum assured witnessed significant growth, reaching ₹1,716.14 bn, up 17.2% Y-o-Y.