ICICI Prudential Life Reports Strong FY26 Growth with 34.6% Rise in PAT

ICICI Prudential Life Insurance delivered robust financial results for FY26, with Profit After Tax (PAT) surging 34.6% YoY to ₹1,600 crore, driven by higher investment income (including a ₹114 crore gain from the sale of its pension fund subsidiary) and strong operational performance. Key highlights include: Value of New Business (VNB): Grew 10.9% to ₹2,629 crore, with an improved margin of 24.7%. Premium Growth: Total premium rose 8.5% to ₹53,125 crore, while new business received premiums increased 9.9% to ₹24,810 crore. The protection segment showed strong momentum, with retail protection APE growing 50.9% in H2, aided by tax reforms. Balance Sheet Strength: Assets under management stood at ₹3.14 lakh crore, with a healthy solvency ratio of 227.3% and zero NPAs. In-force sum assured grew 16.9% to ₹46.11 lakh crore. The Board recommended a final dividend of ₹1.65 per share. Additionally, Mr. Amish Banker was appointed as Chief Distribution Officer effective April 14, 2026. The company continues to demonstrate resilience, efficient capital allocation, and strong growth in high-margin protection products.