ICICI Prudential Life Insurance Company Limited — Board Meeting, 21-01-2025: Outcome of Board Meeting

The Board of Directors of ICICI Prudential Life Insurance Company has approved the audited financial results for the quarter and nine months ended December 31, 2024. Key highlights include a Profit After Tax (PAT) of ₹ 803 crore, reflecting an 18.3% year-on-year growth. The Value of New Business (VNB) grew by 8.5% to ₹ 1,575 crore, with an Annualised Premium Equivalent (APE) reaching ₹ 6,905 crore, representing a 27.2% increase. The company reported a total premium of ₹ 32,119 crore, up 14.4%. The solvency ratio stands at 211.8%, significantly above the regulatory requirement.