ICICI Prudential Life Shares Surge Up to 7% After Q4 Net Profit Jumps 58% on Strong Sales Momentum

Shares of

dential Life Insurance Company climbed as much as 7% on Wednesday, hitting a four-week high, after the insurer reported a robust 58% year-on-year jump in fourth-quarter net profit to Rs 609 crore for the period ended March 31, 2026. The impressive performance was driven by higher new policy sales, steady renewal income, and gains from investments, including a one-off benefit from the sale of a subsidiary. At 11:20 am, the stock was trading up 3.49% at Rs 566 per share on the NSE, with strong buying interest pushing intraday volumes higher. This marks the company's best trading session since July 2024. The broader Nifty 50 index rose 1.4% during the same period, while the financial services sector gained around 1.69%. ICICI Prudential Life was among the first major life insurers to report results in a quarter where analysts expect continued momentum in retail policy growth. The company’s annualised premium equivalent (APE) sales — a key indicator of new business — increased 9.4% to Rs 3,830 crore in the March quarter. For the full financial year FY26, APE stood at Rs 10,641 crore, reflecting steady expansion.