ICICI Prudential Life Insurance Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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ICICI Prudential Life Insurance reported FY2026 results with net premium income of Rs 5,133 crore, up 8.6% from Rs 4,726 crore in FY2025. Profit after tax surged 34.6% to Rs 1,600 crore from Rs 1,189 crore, with basic EPS at Rs 11.06 versus Rs 8.24 prior year. The solvency ratio strengthened to 227.3% from 212.2%. The board recommended a final dividend of Rs 1.65 per share, unchanged from last year. The company announced a change in statutory auditor - Walker Chandiok & Co LLP completed 10 years and Chaturvedi & Co LLP was appointed. Two senior executives including the Chief Products and Distribution Officer resigned, with a new Chief Distribution Officer appointed. The company also granted 3.4 million stock options at Rs 547 per option and 0.5 million stock units.
Strong profitability growth with PAT up 35% signals operational efficiency improvement. The unchanged dividend provides consistent shareholder returns. The auditor change after 10 years and two senior management resignations may create near-term uncertainty but the appointment of a new distribution head should ensure continuity.