ICICI Prudential Life Insurance Company (ICICIPRULI) Q4 24/25 earnings summary

Executive summary

• Achieved strong growth in key financial and operational metrics for FY2025, with a focus on customer centricity, diversified product suite, and operational efficiency.

• Appointed Ms. Anuradha Bhatia as Additional Independent Director, enhancing board independence and governance.

• Embedded ESG principles into business management, earning top industry ratings and awards, including LEED and IGBC Platinum certifications.

• Continued investment in technology and analytics to enhance customer experience and risk management.

• The Board recommended a final dividend of ₹0.85 per share, subject to approval.

Financial highlights

• Annualized Premium Equivalent (APE) grew 15% year-over-year to ₹10,407 crore (INR 104.07 billion) in FY2025.

• Profit after tax surged 39.6% year-over-year to ₹1,189 crore (INR 11.89 billion).

• Value of New Business (VNB) increased 6.4% year-over-year to ₹2,370 crore (INR 23.70 billion); VNB margin at 22.8%.

• Embedded value grew 13.3% year-over-year to ₹47,951 crore (INR 479.51 billion) as of March 31, 2025.

• Total premium increased 13.2% year-over-year to ₹48,951 crore (INR 489.51 billion).

• Assets under management rose 5.2% year-over-year to ₹3,09,359 crore (INR 3,093.59 billion).

• Solvency ratio stood strong at 212.2% as of March 31, 2025.

Outlook and guidance

• Management aims to continue growing VNB ahead of APE and adapt product mix to market conditions.

• Focus on sustainable VNB growth by balancing business expansion, profitability, and prudent risk management.

• Expectation of continued pressure in the MFI segment of credit life, but confidence in diversified product and distribution mix to drive growth.

• Medium-term APE growth target in the range of 13%-15%, with intent to outperform industry.

• Continued emphasis on digital transformation, customer centricity, and ESG integration.