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 Limited has approved the audited financial statements and results for the quarter and nine months ended December 31, 2024. Key highlights include a Profit After Tax (PAT) of ₹ 803 crore, representing an 18.3% year-on-year growth, and a Value of New Business (VNB) growing by 8.5% to ₹ 1,575 crore. The Annualised Premium Equivalent (APE) also saw significant growth of 27.2% year-on-year. The total premium increased by 14.4% to ₹ 321.19 crore, with a notable rise in both new business received premium and the total in-force sum assured, which stood at ₹ 37.78 lakh crore.