ICICI Prudential Life Insurance Company Ltd has announced its financial results for the quarter and full year ended March 31, 2025, showcasing growth across key metrics.
The company reported a 39.6% year-on-year increase in Profit After Tax (PAT), which rose to ₹1,189 crore in FY2025. The Value of New Business (VNB) stood at ₹2,370 crore with a VNB margin of 22.8%. The board approved a final dividend of ₹0.85 per equity share.
Post the announcement, on April 16, 2025, ICICI Prudential share price (NSE: ICICIPRULI) opened at ₹581.00, up from its previous close of ₹567.15. At 10:54 AM, the share price of ICICI Prudential was trading at ₹593.45, up by 4.64% on the NSE.
The company’s total Annualised Premium Equivalent (APE) grew by 15% year-on-year to ₹10,407 crore in FY2025. Its retail protection business, a crucial part of the life insurance offering, reported an impressive 25.1% year-on-year APE growth to ₹598 crore.
The annuity segment also demonstrated strength, recording a two-year compound annual growth rate (CAGR) of 31.4%. Furthermore, the retail New Business Sum Assured (NBSA) grew by 37% to ₹3.32 lakh crore, while the total in-force sum assured rose by 15.6% to ₹39.43 lakh crore.
ICICI Prudential Life maintained a well-diversified distribution strategy across various channels. The proprietary channel, comprising agency and direct distribution, grew by 15.2% during the year. The contribution to APE came from agency (28.9%), direct (14.4%), bancassurance (29.4%), partnership distribution (10.9%), and group channels (16.4%).
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As of March 31, 2025, the company’s assets under management (AUM) stood at ₹3.09 lakh crore, underpinned by fund performance, strong customer trust, and growth in new business.
Commenting on the results, the MD and CEO of ICICI Prudential Life Insurance, Mr Anup Bagchi, said, “In line with our commitment to delivering value to our shareholders, our Embedded Value (EV) and AUM both have grown at a five-year CAGR of above 15% in FY2025, echoing the robustness of our financial foundation and long-term value creation capabilities.”
He further stated, “Moving forward, we remain committed to enhancing customer experience through innovative product propositions, seamless onboarding, best-in-class servicing and claims settlement. Our resilient balance sheet and strong solvency position provide the stability and foundation to support sustainable growth in the years ahead.”
ICICI Prudential Life Insurance’s FY2025 performance demonstrates resilience and strategic strength, driven by steady growth across segments and a well-diversified distribution model.
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Published on: Apr 16, 2025, 11:56 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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