ICICI Prudential Life Insurance Company Limited — Investor Meet, 20-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ICICI Prudential Life Insurance reported FY2026 Value of New Business (VNB) of ₹2,629 Cr (+10.9% YoY) with VNB margin expanding to 24.7%. Profit After Tax (PAT) grew 34.6% to ₹1,600 Cr. Annualized Premium Equivalent (APE) increased 2.2% to ₹10,641 Cr, largely driven by strong retail protection growth (+32.3% YoY, +60.5% in Q4) partly due to GST reforms. Solvency remained robust at 227.3%, and Assets Under Management (AUM) reached ₹314,000 Cr. Embedded Value grew 10.5% to ₹52,989 Cr, with Return on Embedded Value (RoEV) at 11.9%.

Management emphasized a granular strategy for sustainable VNB growth and acknowledged APE growth lagged market peers in recent periods. The company is seeking a year's forbearance on IND-AS implementation. The outlook points to cautious optimism, focusing on leveraging technology and adapting to market volatility.