ICICI Prudential Life Insurance Company Limited has informed the Exchange about Transcript

ICICI Prudential Life Insurance reported a mixed Q1-FY2026, with Annualized Premium Equivalent (APE) falling 5% year-on-year to ₹18.64 billion due to a high base from last year's 47% growth and weak equity market sentiment. Total premium grew 8.1% to ₹89.54 billion, while profit after tax jumped 34.2% to ₹3.02 billion, helped by lower new business strain and higher investment income. Value of New Business (VNB) margin improved to 24.5% from 22.8% in FY2025, driven by a shift in product mix toward non-linked savings and protection businesses, while cost-to-premium ratio improved 280 basis points to 21.2%. Assets under management grew 5.1% to ₹3.2 trillion, with the company maintaining a strong solvency ratio of 212.3% and a 99.6% claim settlement ratio. Management declined to provide margin guidance, focused commentary on growing absolute VNB, and was selective in disclosing certain product-level metrics.