ICICI Prudential Life Insurance Company Ltd — earnings calls
1 quarter summarised from transcripts filed with the exchange, every statement cited. Newest first.
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ICICI Prudential Life Insurance reported VNB growth of 24.9% year-on-year to ₹5.71 billion in Q1-FY2027, with VNB margin at 26.7%, while PAT rose 27.8% year-on-year to ₹3.86 billion. Retail protection APE grew 60.4% year-on-year, marking the third consecutive quarter of over 40% growth following GST reforms, while the savings business mix moderated from 78.1% to 72.1% amid subdued non-participating product demand. Management also disclosed a Board-approved proposal to rename the company to 'ICICI Life Insurance Limited', pending regulatory approval, following Prudential's request to change its status from Promoter to Investor.