ICICI Prudential Life Insurance Company Limited — Investor Meet, 20-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ICICI Prudential Life reported Q3-FY2026 retail APE growth of 9.9%, with retail protection surging 40.8% due to GST reforms. Overall APE grew 3.6%. 9M VNB stood at 1,664 Cr with a 24.4% margin, maintained despite input tax credit withdrawal thanks to product mix and profitability improvements. Q3 PAT rose 19.6% to 390 Cr. Solvency is robust at 214.8%. Management noted ongoing waste cutting, a diversified product strategy, and addressing persistency challenges. The outlook is confident, aiming for stable VNB growth by leveraging market opportunities and customer demand.