ICICI Life Insurance H1 FY27 Results: Profit Rises 26.5% To ₹760 Crore As Total Premiums Grow 15.3% To ₹24,505 Crore
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ICICI Life Insurance reported profit growth of 26.5% to ₹760 crore in H1 FY27. Total premiums grew by 15.3% to ₹24,505 crore. The value of new business increased 22.3% to ₹1,283 crore.
ICICI Life Insurance Limited, formerly ICICI Prudential Life Insurance Company Limited, reported profit after tax (PAT) of ₹760 crore for H1 FY27, up 26.5% year-on-year. Total premiums rose 15.3% to ₹24,505 crore, while annualised premium equivalent (APE), a measure of new business production, increased 15.1% to ₹4,935 crore.
The insurer’s value of new business (VNB), which measures the expected profitability of new policies, grew 22.3% to ₹1,283 crore. Its VNB margin improved to 26% from 24.7% in H1 FY26.
The ICICI Life Insurance share price closed at ₹447 on 13 October 2026, down 3.54% on the National Stock Exchange (NSE).
What Did The September Quarter Show?
APE reached ₹2,799 crore in Q2 FY27, growing 15.6% year-on-year. Retail new business grew on the back of 10.8% growth in retail number of policies (NOP), according to the presentation.
Product performance was mixed. In Q2, linked savings APE increased 11.8% year-on-year and non-linked savings rose 6.7%. Protection APE grew 51.5%, while retail protection increased 36.5%. Annuity APE declined 0.6%.
What Do The Customer And Financial Indicators Show?
The company's assets under management (AUM) reached ₹3.29 lakh crore, as of 30 September 2026. The claim settlement ratio was an internal high of 99.3% for the entire H1 period. Eligible non-investigated individual claims were settled within an average of 1.1 days. The 13th-month persistency ratio was 84.5%.
The solvency ratio stood at 229.9%, and the company reported zero non-performing assets since inception.
Which Business Areas Drove H1 Growth?
Protection and annuity remained important growth contributors. H1 protection APE increased 39.5% to ₹1,155 crore, while retail protection APE grew 47.2% to ₹455 crore. New business retail sum assured increased 34.9% to ₹2.32 lakh crore.
Distribution also expanded. The company recruited more than 36,000 advisers in H1 and added over 80 partnerships. Its network included 241,000-plus advisers, access to more than 27,000 bank branches through bancassurance, and over 1,600 partnerships.
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