ICICI Life Insurance climbs on strong business update

ICICI Life Insurance rose 3.23% to Rs 464.55 after the company reported a 27% year-on-year increase in new business premium to Rs 14,258 crore during the first seven months of FY27.

For October 2026, new business premium grew 37.5% to Rs 2,437 crore. Annualised premium equivalent (APE) increased 8.6% to Rs 797 crore, while retail APE declined 3.2% to Rs 582 crore last month.

Retail weighted received premium (RWRP) stood at Rs 599 crore in October, down 0.3% from a year earlier.

For the April-October period, APE rose 14.2% to Rs 5,732 crore, while retail APE increased 8% to Rs 4,449 crore. RWRP grew 8.1% to Rs 4,201 crore during this period.

The company's new business sum assured increased 15.4% to Rs 1,29,260 crore in October. For the first seven months of FY27, it rose 28.1% to Rs 10,10,452 crore.

ICICI Prudential Life Insurance has been renamed ICICI Life Insurance Limited, marking a new phase in its 25-year journey. The company provides life insurance, protection, savings and annuity products.

The company reported a 25% year-on-year increase in new business premium to Rs 11,821 crore in H1 FY27. The company?s profit after tax increased 26.5% YoY to Rs 760 crore in H1 FY27. Value of New Business (VNB) rose 22.3% to Rs 1,283 crore, with a VNB margin of 26%.

For Q2 FY27, standalone profit after tax increased 25.1% YoY to Rs 374 crore, compared with Rs 299 crore in Q2 FY26, while it declined 3.1% QoQ from Rs 386 crore in Q1 FY27. Net premium earned increased 16.5% YoY and 41.6% QoQ to Rs 13,804 crore in Q2 FY27. Total income rose 0.9% YoY but declined 57.7% QoQ to Rs 12,100 crore, reflecting a sharp sequential decline in investment income. Investment income declined from Rs 18,763 crore in Q1 FY27 to a loss of Rs 1,773 crore in Q2 FY27.

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