ICICI Prudential Life Insurance delivered a standout FY26 performance, with profit after tax (PAT) surging 34.6% year-on-year to Rs 1,600 crore. The growth was driven by a favourable product mix shift and improving operating efficiency.
Key Highlights: Value of New Business (VNB) grew 10.9% to Rs 2,629 crore. VNB margin expanded 193 basis points to 24.7%, reflecting the company's focus on high-margin protection and savings products. APE grew steadily, with protection products contributing an increasing share. The company continued to reduce exposure to traditional participating products in favour of non-linked savings and protection.
Source: Asia Insurance Post (April 14, 2026)