ICICI Prudential Life Insurance has reported a robust performance in Q2 FY2025, showcasing significant growth across key financial metrics. The company’s retail weighted received premium (RWRP) grew by 46.8% year-on-year (YoY), reaching ₹1,558 crore, while the annualized premium equivalent (APE) surged by 34.4% to ₹1,963 crore.
One of the standout figures is the value of new business (VNB), which climbed to ₹472 crore, reflecting a margin of 24%. This strong VNB growth demonstrates the company’s effective strategies in expanding its product offerings and enhancing customer engagement.
Key highlights include:
- Revenue growth: APE grew by 34.4% YoY to ₹1,963 crore.
- Profitability: VNB stood at ₹472 crore, with a margin of 24%.
- Premium growth: Retail protection premium and annuity business saw strong traction.
ICICI Prudential continues to emphasize a customer-centric approach, focusing on protection and annuity growth while maintaining a strong balance sheet.
