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ICICI Pru Life profit up 34%
Financial Express Delhi
|July 16, 2025
ICICI PRUDENTIAL LIFE Insurance reported a 34% year-on-year (y-o-y) increase in net profit for the first quarter at ₹302 crore, aided by growth in both new business and renewal premiums.
The insurer's total premium rose 8% y-o-y to ₹8,954 crore in the April-June quarter. New business premium grew 6.4% to ₹4,012 crore. Renewal premium income rose 9.4% to ₹4,942 crore, reflecting stronger policyholder retention.
However, the annualised premium equivalent (APE)—a key metric that captures total premium from new business on an annualised basis—declined 5% y-o-y to ₹1,864 crore in Q1FY26.
The value of new business (VNB), which reflects the present value of future profits from new policies sold during the period, stood at ₹457 crore, with a VNB margin of 24.5%.
This story is from the July 16, 2025 edition of Financial Express Delhi.
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