ICICI Life Profit Gains 25% as Protection Sales Lift Mix
Higher protection and annuity sales supported first-half profitability, while ICICI Life shares fell during the trading session.
Key takeaways
- Second-quarter net profit rose 25% year on year to ₹374 crore.
- First-half value of new business rose 22.3% to ₹1,283 crore.
ICICI Life Insurance reported a 25% year-on-year rise in second-quarter net profit to ₹374 crore for the quarter ended September 2026. Profit for the first half of FY27 increased 26.5% to ₹760 crore.
The company’s annualised premium equivalent, a measure of new business sales, rose 15.1% to ₹4,935 crore in the first half. Protection sales grew 39.5% and annuity sales rose 50%, while savings sales increased 6.6%.
The shift towards protection and retirement products helped lift first-half value of new business by 22.3% to ₹1,283 crore. The VNB margin widened 150 basis points to 26%, according to the report.
Shares fell 2.65% on the BSE to ₹446, while the benchmark index rose 1.54%.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
