Earnings call · Jul–Sep 2026
ICICI Prudential Life Insurance Company Limited
ICICI Life reported Apr–Sep 2026 VNB (value of new business: the future profit from policies sold this period) growth of 22.3% to ₹1,283 crore with margins at 26.0%, driven by strong protection business growth (39.5% in APE (annualised premium equivalent: new policies sold, counted as one year's premium)) & sum assured increasing 30.1% to ₹8.81 trillion. New CEO emphasizes unchanged strategy: sustainable VNB growth with protection & annuity as core focus.
The full notes: numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Sidharatha Mishra
- Dhiren Salian
Questions came from
- Swarnabha Mukherjee360 ONE Capital
- Supratim DattaJefferies
- Shreya ShivaniNomura
- Samant SinghPhillip Capital India
- Tejas D'CunhaAditya Birla Capital
- Madhukar LadhaJP Morgan
- Vinod RajamaniNirmal Bang
- Prayesh JainMotilal Oswal Financial Services
- Sanketh GodhaAvendus Spark
- Avinash SinghEmkay Global
- NidheshInvestec
- Dipanjan GhoshGoldman Sachs
- Nischint ChawatheKotak Institutional Equities
Topics in this call
Opening remarks
Sidharatha Mishra
Good afternoon, everyone. Thank you, Anup. It is truly a privilege to lead ICICI Life. Having spent over 28 years within the ICICI Group, the group's values and DNA are deeply ingrained in me, shaped by experiences across diverse businesses over the years.
ICICI Life is a resilient organisation, supported by a strong leadership team with deep domain expertise and a disciplined approach to steer the business. Customer-centricity has always been ICICI Life's core ethos, and this unwavering commitment will continue to guide every action we take.
Read the whole call: 214 paragraphs, 13 analysts' questions with every answer, 7 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.