September 2026 update: new business premium up 53.4%, APE up 10.1% year on year
September 2026 update: APE ₹ 9.59 billion (up 10.1% Y-o-Y), RWRP ₹ 6.92 billion (up 1.5%), retail APE ₹ 7.26 billion (down 1.8%) and new business premium ₹ 27.01 billion (up 53.4%).
- APE
- ₹ 9.59 billion (up 10.1% Y-o-Y)
- RWRP
- ₹ 6.92 billion (up 1.5%)
- New Business Premium
- ₹ 27.01 billion (up 53.4%)
What was shared
The company shared its monthly performance update for September 2026. The update presents premium growth figures for the month, for Q1-FY2027 and for H1-FY2027, along with the full FY2026 numbers. All amounts are shown in ₹ billion and growth is shown as year on year (Y-o-Y).
September 2026 figures
- RWRP (retail weighted received premium): ₹ 6.92 billion, up 1.5% year on year
- APE (annualised premium equivalent): ₹ 9.59 billion, up 10.1% year on year
- Retail APE: ₹ 7.26 billion, down 1.8% year on year
- New business premium: ₹ 27.01 billion, up 53.4% year on year
What the terms mean
- RWRP, or retail weighted received premium, reflects premium actually received from retail customers, weighted for regular premium business.
- APE, or annualised premium equivalent, is a standard measure of new business: regular premiums plus one-tenth of single premiums.
- Retail APE applies the same measure to the retail or individual segment alone.
- New business premium is the premium from policies sold in the period.
- Year on year compares a figure with the same period of the previous year.
How to read it
- The month's APE grew 10.1%, while the new business premium line showed the sharpest rise at 53.4%.
- Retail APE was marginally lower than a year earlier at (1.8%), even as overall APE grew, so the retail and overall trends moved differently in the month.
- A monthly business update is a snapshot of new business activity. The same table also carries Q1-FY2027 and H1-FY2027 columns, which give a longer view than a single month.
- The update also notes that components may not add up to the totals due to rounding off, so small differences between lines are expected.
Also from ICICI Prudential Life Insurance Company
ICICI Life to host H1-FY2027 earnings conference call on October 13, 2026 at 3:30 PM IST
7 Oct 2026
ICICI Prudential Life appointed Siddhartha Mishra to replace Bakshi
5 Oct 2026
MD & CEO Anup Bagchi resigns; board approves Sidharatha Mishra as COO and MD & CEO
2 Oct 2026
More numbers
- RWRP, September 2026₹ 6.92 billion
- RWRP Y-o-Y growth, September 20261.5%
- APE, September 2026₹ 9.59 billion
- APE Y-o-Y growth, September 202610.1%
- Retail APE, September 2026₹ 7.26 billion
- Retail APE Y-o-Y growth, September 2026(1.8%)
- New business premium, September 2026₹ 27.01 billion
- New business premium Y-o-Y growth, September 202653.4%
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