ICICI Prudential Life Insurance Company Limited — PPTs, 09-06-2025: Investor Presentation

1. Financial Highlights:

ICICI Prudential Life reported total premium of ₹489.51 billion, up 13.2% YoY. Retail Weighted Received Premium grew 15.2% to ₹83.07 billion, and Annualized Premium Equivalent rose 15.0% to ₹104.07 billion. Value of New Business increased 6.4% to ₹23.70 billion with a margin of 22.8%. Profit after tax jumped 39.6% to ₹11.89 billion. Embedded Value improved by 13.3% to ₹479.51 billion. Assets under management stood at ₹3.09 trillion, with a strong solvency ratio of 212.2%. Persistency remained healthy (13-month at 89.1%), claim settlement ratio was 99.3%, and cost ratios showed stable to slight improvement.

2. Strategic Initiatives & Growth Drivers:

Focus remains on a broad product mix covering savings, protection, annuity, and group funds, with protection and annuity showing strong double-digit growth. Digital adoption is high with ~76% of policies issued via digital KYC and ~50% issued same-day for savings plans. Proprietary channel expansion and partnerships are increasing distribution diversification. Investments in AI and analytics are enhancing underwriting, persistency, and customer engagement. New offerings include women’s health plans and expanded annuity options.

3. Business Developments:

No major acquisitions. Speed of partner onboarding improved significantly (under 2 weeks). Launched AI-driven risk management, digital onboarding, and real-time claims tracking. Distribution network grew by 60,000+ advisors, 200+ partnerships, including 5 new bank tie-ups, reaching over 23,000 bank branches.

4. Market Position & Competitive Advantage:

Leadership secured through top industry Net Promoter Scores for 3 years, a scalable and diversified distribution network, and zero non-performing assets since inception. Strong balance sheet quality and a prudent risk approach support long-term stability. Technology-driven efficiencies improve customer experience and cost management, creating a durable competitive edge.

5. Investor Implications:

Robust premium and profit growth with embedded value gains showcases positive growth potential. Digital and analytics focus coupled with distribution expansion in high-margin protection and annuity segments supports margin improvement prospects. Healthy persistency and claims metrics underline business quality, while a strong solvency ratio provides capital flexibility. Investors should monitor execution on digital initiatives and macro risks, but the update signals solid operational momentum and prudent risk management.