ICICI Prudential Life Insurance has announced its financial results for the second quarter of FY2025, showing a steady rise in profitability despite a marginal dip in new business premiums.
For the quarter ended September 2025, the company reported a net profit of ₹296 crore, marking an 18% year-on-year (YoY) increase compared to ₹251 crore in the same quarter last year.
However, the Annualized Premium Equivalent (APE) stood at ₹2,422 crore, down 3% YoY from ₹2,504 crore in the previous year, reflecting moderate pressure in new business volumes.
On a positive note, the Value of New Business (VNB) rose 1% YoY to ₹592 crore against ₹586 crore a year earlier, while the VNB margin expanded to 24.4% from 23.4% YoY, indicating stronger profitability on new business.
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