ICICI Prudential Life Insurance posted a strong performance for the fourth quarter ended March 31, 2025, with consolidated net profit soaring 122% year-on-year to Rs 385 crore, compared to Rs 174 crore in the same quarter last year.
The company’s net premium income during Q4 FY25 rose 10.7% to Rs 16,369 crore, as against Rs 14,788 crore in the corresponding quarter of the previous fiscal, indicating healthy growth in its core business operations.
ICICI Prudential Life Q4 FY25 Highlights (YoY):
- Net profit rose 122% to Rs 385 crore
- Net premium income increased 10.7% to Rs 16,369 crore
For the full financial year FY25, ICICI Prudential Life Insurance registered a 39.6% increase in Profit After Tax (PAT) to Rs 1,189 crore, supported by strong expansion in the retail protection business.
The insurer’s Value of New Business (VNB) rose 6.4% to Rs 2,370 crore, with a VNB margin of 22.8%. The Annualised Premium Equivalent (APE) witnessed a 15% growth to Rs 10,407 crore, driven by a robust 25.1% rise in retail protection APE to Rs 598 crore.
These results highlight the insurer’s consistent growth momentum, aided by product diversification and a balanced distribution mix.