ICICIPRULI

ICICI Prudential Life Insurance Company share price & financials

Price
₹500.3
Market cap
₹72.7k Cr
Sector
Financial Services
Calls analysed
7
Latest concall · Q1 FY27 · call held 15 Jul 2026

ICICI Prudential Life Insurance Company Limited Q1 FY27

PAT 3.86 billion +28%

What went well

  • Value of New Business (VNB) grew by 24.9% year-on-year to ₹5.71 billion in Q1-FY2027.
  • VNB margins expanded by 200 basis points to 26.7% from 24.7% in FY2026.
  • Profit After Tax (PAT) increased by 27.8% year-on-year to ₹3.86 billion.

What to watch

  • Macro-economic conditions remained volatile in Q1-FY2027 due to geo-political uncertainties, inflationary concerns, and financial market fluctuations.
  • VNB margins were impacted by the unavailability of input tax credit (GST), an effect expected to persist for another quarter.
Read the full call →

What ICICI Prudential Life Insurance Company Limited does

ICICI Prudential Life Insurance Company Limited is a private-sector life insurer that underwrites long-term savings (linked, non-linked, annuity and group funds) and protection (individual and group term/health) policies, earning premium income and investing policyholder funds. It sells through a multi-channel network spanning career agents, bancassurance partner banks, direct digital sales, corporate/group tie-ups and other distribution partnerships. The company runs a technology-led policy lifecycle - digital KYC-based onboarding, AI-assisted underwriting, and claims processing - and settles individual death claims with an average turnaround of about a day from document receipt.

Segments

  • Savings
  • Protection
Agency advisor network
242,000+ advisors
Bancassurance bank partners
53 banks
Bank branches accessible via bancassurance tie-ups
26,400+ branches
Non-bank distribution partnerships
1,500+ partnerships
Distribution channels operated
5 (Agency, Bancassurance, Direct, Partnership Distribution, Group)
Lives covered
73.7 million, including 53.8 million via micro-insurance products
Founded 2000Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 10 tracked 2 delivered 3 missed 5 open
  • VNB Growth vs APE Growth delivered said Q4 FY25 Promised: endeavour is to be able to grow VNB ahead of the APE Q1 FY27: In Q1 FY27, VNB grew 24.9% while APE grew 14.6%. The promise to grow VNB ahead of APE continues to be met.
  • Return on Embedded Value (RoEV) went quiet said Q4 FY26 Promised: on a longer-term basis, we should still be at the 13% to 14% range Q1 FY27: RoEV was not mentioned in the Q1 FY27 earnings call or presentation, despite being introduced as a long-term metric two quarters ago. Management had previously signaled a shift away from this metric.
  • 13-month Persistency Ratio at risk said Q3 FY26 Promised: 85% and above as we go through into the later part or mid part of next year Q1 FY27: 13M Persistency declined to 84.0% from 84.5% in the previous quarter, moving further away from the target of >85% which is due by mid-FY27 (next quarter). The promise is now at risk.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.3%, net profit up 27.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue25,157 4,536 15,687 25,400 11,935 −53%22,833 +403%3,299 −79%28,513 +12%
EBITDA327 250 424 223 -6 −102%755 +202%-639 −251%293 +31%
Net profit252 326 386 302 299 +19%390 +20%609 +58%386 +28%
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.

Performance −21.7% 1Y

₹450₹500₹550₹600₹650₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Oct 2025Q3 FY26 — 13 Jan 2026Q4 FY26 — 13 Apr 2026Q1 FY27 — 15 Jul 2026

1Y: ₹602.25 on 10 Sept 2025 → ₹471.5. High ₹688.45 (6 Jan 2026), low ₹460.4 (11 Jun 2026).

How the price took the results

close before → close after

Q1 FY27
+4.2%
15 Jul
Q4 FY26
+2.7%
14 Apr
Q3 FY26
+0.1%
13 Jan
Q2 FY26
+0.7%
14 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.7% a year over 3 years, FY23 to FY26. Operating margin widened to 0.5%.

Year endingFY23FY24FY25FY26
Revenue₹49.4k Cr₹89.7k Cr₹70.8k Cr₹63.5k Cr
Operating profit₹-881 Cr₹-987 Cr₹1.0k Cr₹333 Cr
Operating margin-1.8%-1.1%1.5%0.5%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net profit₹814 Cr₹852 Cr₹1.2k Cr₹1.6k Cr
Net margin1.6%1.0%1.7%2.5%
ROCE10.0%2.0%9.0%8.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹1.4k Cr₹1.4k Cr₹1.4k Cr₹1.4k Cr₹1.4k Cr₹1.4k Cr
Reserves₹7.7k Cr₹7.7k Cr₹8.7k Cr₹14.6k Cr₹11.3k Cr₹14.1k Cr
Borrowings₹1.2k Cr₹1.2k Cr₹1.2k Cr₹1.2k Cr₹2.6k Cr₹2.6k Cr
Other liabilities₹206.9k Cr₹234.1k Cr₹244.6k Cr₹281.8k Cr₹309.2k Cr₹301.6k Cr
Total liabilities₹217.2k Cr₹244.4k Cr₹255.8k Cr₹299.0k Cr₹324.5k Cr₹319.7k Cr
Fixed assets₹911 Cr₹916 Cr₹968 Cr₹1.2k Cr₹834 Cr₹1.4k Cr
Capital work in progress₹22 Cr₹54 Cr₹117 Cr₹49 Cr₹0 Cr₹43 Cr
Investments₹211.7k Cr₹237.6k Cr₹247.7k Cr₹289.2k Cr₹315.8k Cr₹307.4k Cr
Other assets₹4.6k Cr₹5.8k Cr₹7.0k Cr₹8.5k Cr₹7.9k Cr₹10.9k Cr
Total assets₹217.2k Cr₹244.4k Cr₹255.8k Cr₹299.0k Cr₹324.5k Cr₹319.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.95 pp while FIIs trimmed −2.90 pp. The shareholder count shrank 6% to 3,19,872.

Promoters
72.7%
FIIs
10.2%
DIIs
11.8%
Public
5.2%

Since Jun 2025

  • DIIs +2.95 pp
  • FIIs −2.90 pp
  • Promoters −0.23 pp

How it drifted, 12 quarters

Over this window DIIs went from 6.4% to 11.8% — +5.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.3%, FIIs 15.5%, DIIs 6.4%, Public 4.8%.Dec '23: Promoters 73.3%, FIIs 14.7%, DIIs 6.9%, Public 5.1%.Mar '24: Promoters 73.2%, FIIs 13.3%, DIIs 8.5%, Public 4.8%.Jun '24: Promoters 73.2%, FIIs 13.2%, DIIs 8.8%, Public 4.8%.Sep '24: Promoters 73.0%, FIIs 13.0%, DIIs 9.3%, Public 4.7%.Dec '24: Promoters 73.0%, FIIs 12.8%, DIIs 9.4%, Public 4.8%.Mar '25: Promoters 73.0%, FIIs 13.2%, DIIs 8.8%, Public 4.9%.Jun '25: Promoters 73.0%, FIIs 13.1%, DIIs 8.9%, Public 5.1%.Sep '25: Promoters 72.9%, FIIs 13.2%, DIIs 8.7%, Public 5.3%.Dec '25: Promoters 72.9%, FIIs 11.5%, DIIs 10.4%, Public 5.2%.Mar '26: Promoters 72.8%, FIIs 10.9%, DIIs 11.1%, Public 5.2%.Jun '26: Promoters 72.7%, FIIs 10.2%, DIIs 11.8%, Public 5.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of ICICI Prudential Life Insurance Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
ICICI Bank Ltd Bank50.84%unchanged
Prudential Corporation Holdings Limited 21.89%unchanged
ICICI Prudential Mutual Fund through various schemes Mutual fund3.98%newly disclosed
SBI Mutual Fund through various schemes Mutual fund3.67%newly disclosed
Compassvale Investments Pte. Ltd. 1.98%unchanged
Camas Investments Pte. Ltd. FPI fund1.76%unchanged
Government Of Singapore - E Sovereign1.22%−0.68 pp
Government Pension Fund Global Sovereign1.15%unchanged
ICICI Lombard General Insurance Company Ltd Insurer0.00%newly disclosed
ICICI Bank Canada 0.00%newly disclosed
ICICI Securities Inc. 0.00%newly disclosed
ICICI Securities Holdings Inc. 0.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in ICICIPRULI

Filings to Aug 2026

0 new, 7 added, 4 trimmed, 2 sold out — net −11.72 L shares (−1.7%).

Held by funds
₹3.5k Cr
28 schemes
Biggest holder
SBI Contra Fund
₹565 Cr · 1.2% of that fund
SchemeHoldingLast month
SBI Contra Fund SBI Mutual Fund₹565 Crheld
SBI Large Cap Fund SBI Mutual Fund₹523 Crheld
SBI Midcap Fund SBI Mutual Fund₹517 Crheld
SBI ELSS Tax Saver Fund SBI Mutual Fund₹357 Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹341 Crheld
SBI Balanced Advantage Fund SBI Mutual Fund₹291 Crheld
SBI Banking And Financial Services Fund SBI Mutual Fund₹235 Crheld
Nippon India Banking & Financial Services Fund Nippon India Mutual Fund₹120 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

7 added, 4 trimmed — net −11.72 L shares (−1.7%)

Funds are sitting on
-18%
vs est. average cost
Held by funds
₹3.5k Cr
28 schemes · ≈ 4.7% of the company
Biggest holder
SBI Contra Fund
₹565 Cr · 1.2% of that fund

Shares held by these funds +183%

Aug '23 6.96 cr shares Jul '26

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse ICICI Prudential Life Insurance Company Limited

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