ICICI Prudential Life H1-FY2027: APE up 15.1% to ₹ 49.35 bn, VNB up 22.3%, PAT up 26.5%
H1-FY2027 APE up 15.1% to ₹ 49.35 bn, VNB up 22.3% to ₹ 12.83 bn at 26.0% margin, PAT up 26.5% to ₹ 7.60 bn.
By ScoutQuest · · 1 min read
- H1-FY2027 APE
- up 15.1% to ₹ 49.35 bn
- H1-FY2027 VNB
- up 22.3% to ₹ 12.83 bn at 26.0% margin
- H1-FY2027 PAT
- up 26.5% to ₹ 7.60 bn
- Period
- H1-FY2027
- Positioning
- A multi-channel Indian life insurer with ₹ 3,289.64 bn of assets under management, 241,000+ advisors, 52 bank partners and 1,600+ partnerships.
📈 APE rose 15.1% to ₹ 49.35 bn in H1-FY2027 and total premium 15.3% to ₹ 245.05 bn. VNB grew 22.3% to ₹ 12.83 bn at a 26.0% margin, and profit after tax rose 26.5% to ₹ 7.60 bn. Embedded value was ₹ 566.69 bn, up 12.2%.
📉 Growth was led by protection (APE up 39.5%), group (up 39.2%) and partnership distribution (up 34.1%). Non-linked savings APE fell 4.5%, while agency and bancassurance grew 3.3% and 4.6%. The company says new business premium grew 25%.
🌍 The presentation lists a strategy for each channel: invest and grow agency, build profitability in bancassurance, create depth and add width in partnerships, increase attachment and market share in group, and run digital upsell campaigns in direct.
📌 Management points to an under-penetrated market as support, citing a $16.5 tn protection gap, ~13% of the addressable population with individual protection, and pension assets at 11% of GDP. Cost to total premium rose to 20.0% from 19.2%.
Also from ICICI Prudential Life Insurance Company
Earnings call: VNB up 22.3%, new business premium up 25.0% in H1-FY2027
21 Oct 2026
Income tax rectification order lifts AY 2023 demand to ~₹ 591.42 crore; penalty nil, appeal shared
20 Oct 2026
Margins declined mainly due to FCNR costs and lower yields on advances, while funding costs remained flat
19 Oct 2026
More numbers
- APE, H1-FY2027₹ 49.35 bn
- APE YoY growth, H1-FY202715.1%
- Total premium, H1-FY2027₹ 245.05 bn
- VNB, H1-FY2027₹ 12.83 bn
- VNB margin, H1-FY202726.0%
- Profit after tax, H1-FY2027₹ 7.60 bn
- PAT YoY growth, H1-FY202726.5%
- Embedded value, Sep 30, 2026₹ 566.69 bn
- Assets under management, Sep 30, 2026₹ 3,289.64 bn
- 13M persistency, Sep 30, 202684.5%
- Protection APE, H1-FY202711.55 (₹ billion)
- New business premium growth, H1-FY202725%
- Agency advisors241,000+
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