ICICI Prudential Life Insurance has reported a strong 27.8% year-on-year jump in net profit, reaching ₹386 crore for the first quarter of FY27 (April–June), up from ₹302 crore in Q1 FY26.
Key Financial Highlights (Q1 FY27)
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Net Profit: Rose 27.8% to ₹386 crore (vs. ₹302 crore in Q1 FY26).
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Net Premium Income: Increased 14.6% to ₹9,749 crore (vs. ₹8,503 crore in Q1 FY26).
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New Business Premium (NBP): Grew 21% to ₹4,866 crore (vs. ₹4,012 crore in Q1 FY26).
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Assets Under Management (AUM): Stood at ₹3.34 lakh crore as of June 30, 2026.
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Net Worth: Recorded at ₹14,375 crore.
Strategic Rebranding Proposal
During its Board of Directors meeting on July 6, the company approved a proposal to simplify its corporate identity by changing its name to ‘ICICI Life Insurance Limited’. The proposed rebranding is currently awaiting final regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
