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% at 26.0% margin, profit after tax up 26.5% to ₹7.60 bn.
By ScoutQuest · · 1 min read
- H1-FY2027 APE
- up 15.1% to ₹ 49.35 bn
- VNB
- grew 22.3% to ₹ 12.83 bn at a 26.0% margin
- Profit After Tax
- rose 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.
📈 H1-FY2027 APE rose 15.1% to ₹ 49.35 bn 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 stood at ₹ 566.69 bn, up 12.2%.
📉 Protection APE grew 39.5% to ₹ 11.55 bn and annuity 50.0%, while non-linked savings fell 4.5%; group APE rose 39.2% and partnership distribution 34.1%, against agency at 3.3% and bancassurance at 4.6%. Cost to total premium rose to 20.0% from 19.2%.
🌍 The presentation lists a strategy per channel: invest and grow in agency (36,000+ advisors recruited in H1), build profitability in bancassurance, create depth and add width in partnerships (80+ added), raise attachment and market share in group, and digital upsell campaigns in direct.
📌 Management cites industry headroom to back this: a protection gap of $16.5 tn, about 13% of the addressable population covered by individual protection, and pension assets at 11% of GDP.
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 Y-o-Y 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 Y-o-Y growth, H1-FY202726.5%
- Embedded value, Sep 30, 2026₹ 566.69 bn
- Assets under management, Sep 30, 2026₹ 3,289.64 bn
- Cost/Total premium, H1-FY202720.0%
- Protection APE, H1-FY202711.55 (₹ billion)
- New business premium growth, H1-FY202725%
- Agency advisors241,000+
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