ICICIPRULI ICICI Prudential Life Insurance Company Q4 FY26 results (Jan–Mar 2026) and concall
ICICI Prudential Life Insurance delivered strong financial results for FY2026, with double-digit VNB and PAT growth, and significant VNB margin expansion. The retail protection segment was a key growth driver, benefiting from GST reforms. While the company maintained a robust balance sheet and operational efficiency, it faced headwinds from volatile equity markets impacting linked business and negative persistency variance from a specific annuity product. Management outlined a strategy of granular focus and micro-market expansion to address growth challenges in certain distribution channels.
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What they filed
Q4 FY26: revenue down 79.0%, net profit up 57.8% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 4,536 | 15,687 | 25,400 | 11,935 | 22,833 +403% | 3,299 −79% |
| EBITDA | 250 | 424 | 223 | -6 | 755 +202% | -639 −251% |
| Net profit | 326 | 386 | 302 | 299 | 390 +20% | 609 +58% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
