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ICICI Pru Life profit up 34%

Financial Express Chennai

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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.

- FE BUREAU

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%.

MEER VERHALEN VAN Financial Express Chennai

Financial Express Chennai

Clear dues for barrier-free tolling system: MORTH

IN A RUN-UP to a barrier-free tolling system, the government has amended rules to make it mandatory for vehicle owners to clear all toll plaza dues before selling their vehicle or obtaining a fitness certificate.

time to read

1 min

January 21, 2026

Financial Express Chennai

Markets log worst day in 8 months on weak earnings

INVESTOR WEALTH ERODES ALMOST ₹10 LAKH CRORE

time to read

1 min

January 21, 2026

Financial Express Chennai

On cusp of historic India deal: Ursula

GIVES US FIRST MOVERADVANTAGEWITH FASTEST GROWING ECONOMY: VON DER LEYEN

time to read

1 mins

January 21, 2026

Financial Express Chennai

Lavrov lauds ties with India, China

RUSSIAN FOREIGN MINISTER Sergey Lavrov on Tuesday lauded Moscow’s bilateral ties with Delhi and Beijing and called for reactivating the Russia-India-China (RIC) trialogue, asserting that multipolarity is “here to stay”.

time to read

1 min

January 21, 2026

Financial Express Chennai

Rethink amid fragmented supply chains

The prevailing ad-hoc tariff-centric responses to geopolitical volatility are insufficient to guarantee sustained economic security and domestic resilience

time to read

3 mins

January 21, 2026

Financial Express Chennai

New steel scrap policy in the works

THE GOVERNMENT IS finalising a national steel scrap recycling policy, replacing the existing 2019 guidelines, to align it with changing dynamics of the industry arising out of domestic compulsions and commitments, and emerging international developments.

time to read

1 min

January 21, 2026

Financial Express Chennai

PNB sees NIM recovering from Sept qtr

PUNJAB NATIONAL BANK (PNB) expects to sustain quarterly net profit of above ₹5,000 crore despite near-term pressure on margins and higher credit costs, Executive Director Bibhu Prasad Mahapatra told FE in an interview.

time to read

2 mins

January 21, 2026

Financial Express Chennai

Recalibrating market vigour

DERIVATIVES BOOM HAS SHOWN INDIA'S MARKET POTENTIAL, THE REFORMS AHEAD WILL DEFINE ITS PURPOSE

time to read

4 mins

January 21, 2026

Financial Express Chennai

Embassy enters Mumbai realty mkt

LUXURY FORAY

time to read

2 mins

January 21, 2026

Financial Express Chennai

NHAI looks to prepay ₹35,000-cr debt this fiscal

THE NATIONAL HIGHWAYS Authority of India (NHAI) is planning to retire more than ₹35,000-crore debt before maturity in the current financial year, a plan which will bring down its outstanding liabilities below ₹2 lakh crore.

time to read

1 min

January 21, 2026

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