ICICI Prudential Life Insurance Company Limited announced the outcome of its Board Meeting held on January 13, 2026. The Board approved the un-audited financial results for the quarter and nine months ended December 31, 2025.

The company reported a Profit After Tax (PAT) of ₹992 crore for the nine months ended December 31, 2025, marking a significant year-on-year growth of 23.5%. For the third quarter of FY2026, PAT stood at ₹390 crore, a 19.6% increase from the previous year.

The Value of New Business (VNB) for the nine months ended December 31, 2025, was ₹1,664 crore, with a VNB margin of 24.4%. In Q3-FY2026, VNB was ₹615 crore, supported by a 9.9% year-on-year growth in retail Annualised Premium Equivalent (APE).

Key performance highlights include a 40.8% year-on-year growth in Retail Protection APE and a 51.6% increase in Retail New Business Sum Assured to ₹1.24 lakh crore in Q3-FY2026. The retail number of policies also grew by 11.7% year-on-year in the same period.

The company's cost-to-premium ratio improved by 50 basis points to 19.3% for 9M-FY2026, with the savings business cost-to-premium ratio reducing by 90 basis points to 12.7%. The solvency ratio was maintained at a strong 214.8% as of December 31, 2025, well above the regulatory requirement of 150%.

Assets Under Management (AUM) grew by 6.5% year-on-year to ₹3.31 lakh crore as of December 31, 2025. The company also highlighted its industry-leading claim settlement ratio of 99.3% with an average turnaround time of 1.1 days for non-investigative individual death claims in 9M-FY2026.

Furthermore, the Key Managerial Personnel/Officials authorized to determine materiality of events/information and make disclosures to the Stock Exchanges were updated. Mr. Anup Bagchi, MD & CEO, commented on the results, highlighting the company's 25-year journey and commitment to profitability and customer value.