ICICI Pru Life Q1 Result: Net profit jumps 28% YoY to Rs 386 crore

ICICI Prudential Life Insurance reported a 28 percent YoY rise in net profit to Rs 386 crore for Q1 FY27, supported by a 15 percent increase in net premium income to Rs 9,749 crore. New business premium grew 21 percent to Rs 4,866 crore, while total revenue rose to Rs 28,395 crore. Assets under management stood at Rs 3.34 lakh crore with solvency ratio improving to 225.4 percent, well above the regulatory requirement of 150 percent. The board also approved a proposal to rename the company as ICICI Life Insurance Ltd, subject to IRDAI approval.