
ICICI Prudential Life Insurance reported strong financial results for the quarter ended December 31, 2024, with significant growth in premium income, surplus, and net profit. The company’s net premium income stood at Rs 12,261 crore, reflecting a 23.5% increase compared to Rs 9,929 crore in the same period last year.
Key Highlights of Q3 FY25 Results:
- Gross Premium Income: Rs 12,664 crore, up from Rs 9,928 crore in Q3 FY24.
- First-Year Premium: Rs 1,824 crore.
- Renewal Premium: Rs 6,090 crore.
- Single Premium: Rs 4,745 crore.
- Net Premium Income: Rs 12,261 crore, a 23.5% YoY increase.
- Surplus: Rs 418 crore, a 358% YoY surge from Rs 93 crore in Q3 FY24.
- Net Profit: Rs 325.65 crore, up 43% QoQ from Rs 251.72 crore in Q2 FY25 and 43% YoY from Rs 227.47 crore in Q3 FY24.
- Income from Investments: Rs -7,906 crore compared to Rs 16,315 crore in Q3 FY24 due to market fluctuations.
Expense Analysis:
- Total Operating Expenses related to the insurance business stood at Rs 2,078 crore.
- Commission payouts totaled Rs 1,104 crore, with most attributed to single-premium policies.
ICICI Prudential Life’s financial performance reflects its ability to grow amidst challenges, with net profit showing consistent improvement on both a quarterly and yearly basis. Despite market volatility impacting investment income, the company continues to demonstrate strong operational metrics.