Key Financial Results (₹ in Lakhs)

Policyholders' Account:

  • Gross Premium Income:
  • First Year Premium: 171,186 (Q1 FY2027) vs 144,542 (Q1 FY2026)
  • Renewal Premium: 538,360 vs 494,165
  • Single Premium: 315,517 vs 256,697
  • Net Premium Income: 974,933 vs 850,319
  • Income from Investments (Net): 1,850,024 vs 1,664,859
  • Other Income: 9,360 vs 5,242
  • Transfer from Shareholders' Account: 5,173 vs 11,595
  • Total Income: 2,839,490 vs 2,532,015
  • Net Commission: 101,416 vs 94,435
  • Operating Expenses: 121,540 vs 94,713
  • Benefits Paid (Net): 894,777 vs 976,201
  • Change in Actuarial Liability: 1,668,814 vs 1,307,239
  • Surplus/(Deficit): 47,612 vs 37,622

Shareholders' Account:

  • Transfer from Policyholders' Account: 24,504 vs 27,060
  • Investment Income: 26,314 vs 24,841
  • Other Income: 3,106 vs 19
  • Profit Before Tax: 43,122 vs 34,483
  • Profit After Tax: 38,618 vs 30,208
  • Basic EPS: ₹2.66 vs ₹2.09
  • Diluted EPS: ₹2.66 vs ₹2.08

Balance Sheet Highlights (₹ in Lakhs)

  • Paid-up Equity Share Capital: 145,078 vs 144,617
  • Reserve & Surplus: 1,238,998 vs 1,073,912
  • Total Borrowings: 259,500 vs 260,000
  • Net Worth: 1,437,521 vs 1,255,289
  • Total Assets: 33,166,246 vs 32,327,258
  • Investments:
  • Shareholders': 1,632,197 vs 1,550,910
  • Policyholders' Fund: 14,583,206 vs 13,236,028
  • Assets covering Linked Liabilities: 16,541,489 vs 17,159,885

Performance Metrics

  • Value of New Business (VNB): ₹571 crore, up 24.9% YoY
  • VNB Margin: 26.7% (220 bps improvement)
  • New Business Received Premium: ₹4,866 crore, up 21.3% YoY
  • Annualised Premium Equivalent (APE): ₹2,136 crore, up 14.6% YoY
  • Savings APE: ₹1,408 crore, up 3.8%
  • Annuity APE: ₹133 crore, up 33.0%
  • Protection APE: ₹596 crore, up 45.7%
  • Retail Protection APE: ₹223 crore, up 60.4% YoY
  • Retail New Business Sum Assured: ₹1.13 lakh crore, up 45.9% YoY
  • Total In-force Sum Assured: ₹48.06 lakh crore, up 17.1% YoY
  • Solvency Ratio: 225.4% (regulatory requirement: 150%)
  • Assets Under Management: ₹3.34 lakh crore, up 2.9% YoY
  • Claim Settlement Ratio: 99.3% with 1-day average turnaround for non-investigative claims

Corporate Developments

  • The Board approved a proposal to change the company name to 'ICICI Life Insurance Limited' subject to IRDAI approval
  • This follows Prudential Corporation Holdings Limited's (PCHL) request for reclassification from 'promoter' to 'investor'
  • The company has obtained IRDAI forbearance to defer adoption of Ind AS by one year, continuing with Indian GAAP
  • During the quarter, the company allotted 1,506,389 equity shares (face value ₹10 each) pursuant to employee stock option exercises
  • Final dividend of ₹1.65 per share was approved by shareholders in the AGM held on June 30, 2026

Segment Performance

The company reported segment-wise results across 13 business segments (Par Life, Par Pension, Non Par Life, Non Par Pension, Annuity Non Par, Health Non Par, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Shareholders), showing diversified performance across product categories.

Analytical Ratios

  • Solvency Ratio: 225.4%
  • Expense of Management Ratio: 21.8%
  • Policyholders' Liabilities to Shareholders' Fund: 2189.1%
  • Persistency Ratios (Premium Basis): 13th month: 81.5%, 25th month: 70.2%, 37th month: 76.6%, 49th month: 69.4%, 61st month: 63.2%
  • Zero NPAs across both policyholders' and shareholders' funds