ICICI Prudential Life Insurance Company Limited (ICICIPRULI) Earnings Call Transcripts

ICICI Prudential Life Insurance Company Limited's Latest Earnings Call - April 14, 2026

In the fiscal year 2026 earnings call, ICICI Prudential Life Insurance Company Limited reported a profit after tax (PAT) of INR 16 billion, reflecting a year-on-year growth of 34.6%. The company achieved a value of new business (VNB) of INR 26.29 billion, up 10.9% from the previous year, with a VNB margin expansion to 24.7%. Management maintained a cautious outlook for FY 2027, indicating that growth will depend on macroeconomic conditions and customer behavior, particularly in light of recent geopolitical disruptions.

Reported metrics

Guidance from management

Management indicated that growth in FY 2027 will depend on macroeconomic conditions and customer behavior, stating, "It's a little early for us to comment as to what the number should look like for the rest of the year."

What management said

Yes. So on the early experience of surrender value products, we're not seeing anything too different, but it's a little too early to call because you only got about 5 to 6 months of experience, and we'd love the whole year to pan out for that. In terms of growth, you're right, agency has not had a great year in the sense, the growth has not been great. So that extent, it does form a fairly good base for us into the ...

My sense is most commentators and analysts would end up looking at RoEVs because then that would be at least comparable to how the rest of the market is outside of insurance. Comparison becomes much easier then. If you want any other metric, we are in this RoEV world at this point.

What analysts pressed on

Analysts expressed concerns about the declining persistency rates and the impact of geopolitical events on growth. There were questions regarding how the company plans to address these challenges and improve growth in the retail segment moving forward.

Main topics on the call

• Value of New Business Growth — ICICI Prudential reported a VNB of INR 26.29 billion, marking a 10.9% increase year-on-year. Management stated, "Our VNB margin stood at 24.7% as compared to 22.8% in FY 2025," indicating strong profitability in new busi...
• Retail Protection Segment Performance — The retail protection segment saw a significant boost, with a 60.5% year-on-year growth in Q4. This was attributed to the GST reform, which reduced costs for customers, leading to a retail sum assured growth of 2.5x post...
• Cost Optimization Initiatives — Management highlighted ongoing cost optimization efforts, resulting in a reduction of the cost per premium ratio by 40 basis points to 12.1%. This was achieved through the use of AI and machine learning to enhance operat...
• Solvency and Financial Stability — The company's solvency ratio remained robust at 227.3%, well above the regulatory requirement of 150%. This reflects strong financial health and risk management practices.

Read the full ICICI Prudential Life Insurance Company Limited transcript (April 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 ICICI Prudential Life Insurance Company Limited earnings call transcripts on record, spanning January 21, 2020 to July 15, 2026. Based on this history, ICICI Prudential Life Insurance Company Limited reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ICICIPRULI

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Insurance

Calls on record

27

First call

January 21, 2020

Most recent

July 15, 2026

Reporting cadence

quarterly