ICICI Prudential Life Insurance Company Limited has informed the Exchange regarding Board meeting held on July 15, 2025.
ICICIPRULI · price
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ICICI Prudential Life Insurance's Board, at its meeting on July 15, 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone net profit after tax rose to Rs 302.08 crore from Rs 225.40 crore in Q1 FY25, a growth of about 34%. Total gross premium income grew nearly 8% year-on-year to Rs 8,503.19 crore, driven by strong growth in renewal premium (Rs 4,941.65 crore, up ~9%) and single premium (Rs 2,566.97 crore, up ~20%), though first-year premium dipped to Rs 1,445.42 crore from Rs 1,628.41 crore. Basic EPS stood at Rs 2.09 versus Rs 1.56 a year ago. Solvency ratio remained strong at 212.3% (vs 187.9% in Q1 FY25), well above the regulatory requirement. The company also declared an interim dividend of Rs 0.85 per share.
Strong profit growth of ~34% YoY and a robust solvency ratio of 212.3% should be viewed positively by shareholders, though the dip in first-year premium and decline in 13th-month persistency to 80.8% (from 85.7%) are areas to watch. The declared interim dividend provides a modest income boost for shareholders.