ICICI Prudential Life Insurance Company reported over 19% jump in its net profit along with a strong improvement in value of new business and margins during the third quarter of FY26.
The company’s net profit in Q3FY26 rose 19.15% to ₹387.15 crore from ₹324.91 crore in the year-ago period.
Value of New Business (VNB), which is the measure of profitability for a life insurance company, during the December 2025 quarter rose 19% to ₹615 crore, compared with ₹517 crore, year-on-year (YoY). The company’s VNB margins improved to 24.4% from 21.2%, YoY.
Annualised Premium Equivalent (APE) stood at ₹2,525 crore and retail APE grew by 9.9% YoY to ₹2,116 crore in Q3-FY2026. Retail Protection APE grew by 40.8% YoY in Q3FY26, ICICI Prudential Life Insurance Company said.
Retail New Business Sum assured grew by 51.6% YoY to ₹1.24 lakh crore during the December quarter. Retail Number of Policies grew by 11.7% YoY.
The overall New Business Sum Assured (NBSA) grew by 15.5% YoY to ₹3.39 lakh crore and the retail NBSA registered a growth of 51.6% YoY to ₹1.24 lakh crore. As on December 31, 2025, the total inforce sum assured, which is the quantum of life cover taken by customers of the Company, stood at ₹43.44 lakh crore, the company added.
Solvency ratio as on December 31, 2025, was 214.8% against the regulatory requirement of 150%. Assets under Management (AUM) stood at ₹3.31 lakh crore as on December 31, 2025.
ICICI Prudential Life Insurance Share Price Performance
ICICI Prudential Life share price has gained 7% in one month and 17% in three months. The insurance stock has risen 10% in one year and has delivered 37% returns over the past five years.
At 1:45 PM, ICICI Prudential Life Insurance share price was trading 3.58% higher at ₹704.20 apiece on the BSE.
