India's ICICI Prudential Life jumps on higher profit, new business growth

ICICI Life Insurance

15/07/2026 10:19

** Shares of ICICI Prudential Life Insurance Company ICIR.NS rise as much as 5.6% to 531.95 rupees, their highest since May 15
** Co reports a 27.8% rise in Q1 profit after tax to 3.86 billion rupees ($40.11 million), aided by strong sales of high-margin products 
** Value of new business margin expanded by 220 bps to 26.7%
** Annualised premium equivalent sales, a key measure of new business premiums, rose 14.6% to 21.36 billion rupees
** Net premium income increased to 97.49 billion rupees from 85.03 billion rupees a year earlier
**  Stock last up 4.4%, trimming YTD losses to 21%     
     
($1 = 96.2400 Indian rupees)

 (Reporting by Saikeerthi and Nishit Navin in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))