ICICI Prudential Life Insurance Company Limited — Q2FY27 earnings call summary

Filed 21 October 2026 · Official transcript

Regulatory reforms expected to improve efficiency and policyholder focus
Cost to premium ratio ex-GST improved 30bps y-y to 18.3%; claim settlement ratio 99.3%
H1-FY2027 VNB grew 22.3% y-y to ₹12.83bn; margin expanded 130bps to 26.0%
Total premium rose 15.3% y-y to ₹245.05bn; new business premium up 25.0% y-y
Protection APE grew 39.5% y-y; sum assured increased 30.1% to ₹8.81tn
Savings APE grew 9.3% y-y; annuity segment up 50% y-y
Solvency ratio strong at 229.9%; PAT up 26.5% y-y to ₹7.60bn
Management emphasizes sustainable VNB growth, protection and annuity focus