ICICI Prudential Life Insurance Company's Q2 FY 2025-26 Quarterly Results

Result Summary

• ICICI Prudential Life Insurance Company Ltd reported a 51.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 50.9%.
• Its expenses for the quarter were down by 52.7% QoQ and 52.3% YoY.
• The net profit decreased 1.7% QoQ and increased 17.9% YoY.
• The earnings per share (EPS) of ICICI Prudential Life Insurance Company Ltd stood at 2.03 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

ICICI Prudential Life Insurance Company Ltd is a prominent player in the Indian life insurance sector, offering a diverse range of products including term insurance, health insurance, savings, and investment plans. As a joint venture between ICICI Bank and Prudential Corporation Holdings, the company leverages a strong distribution network and technological innovation to cater to a wide customer base. ICICI Prudential Life Insurance is known for its customer-centric approach, focusing on providing comprehensive and flexible insurance solutions. Recent developments in the company include efforts to enhance digital capabilities and expand its product portfolio to meet evolving customer needs. However, specific recent developments are not available from the given data.

Revenue

In Q2FY26, ICICI Prudential Life Insurance reported a total income of ₹12,344.35 crores, a significant decrease from the ₹25,578.58 crores recorded in the previous quarter (Q1FY26) and from ₹25,141.75 crores in the same quarter of the previous year (Q2FY25). This marks a QoQ decline of 51.7% and a YoY decrease of 50.9%. The substantial decline in total income over both periods is noteworthy. Despite the decrease, the company remains an integral part of the life insurance industry in India, contributing to its financial ecosystem.

Profitability

The Profit Before Tax (PBT) for Q2FY26 was ₹453.86 crores, reflecting a decrease of 8.5% from the previous quarter's PBT of ₹495.76 crores. However, on a YoY basis, there was a notable increase of 54.7% from the ₹293.39 crores reported in Q2FY25. After accounting for taxes, the Profit After Tax (PAT) stood at ₹295.83 crores in Q2FY26, showing a slight decline of 1.7% from ₹300.99 crores in Q1FY26, but an increase of 17.9% from ₹250.99 crores in Q2FY25. Earnings Per Share (EPS) in Q2FY26 was ₹2.03, down by 1.9% from the previous quarter, but up by 16.7% year-over-year. These figures indicate the company's persistent ability to generate profits amidst fluctuating total income.

Operating Metrics

The total expenses for ICICI Prudential Life Insurance in Q2FY26 amounted to ₹11,870.08 crores, down by 52.7% from ₹25,073.21 crores in the previous quarter and by 52.3% from ₹24,861.86 crores in Q2FY25. The tax expense for Q2FY26 was ₹93.43 crores, which increased by 4.8% QoQ from ₹89.15 crores and surged by 81.4% YoY from ₹51.51 crores. These operating metrics highlight the company's expense management and taxation dynamics in the reported quarter, reflecting changes in the company's operational structure or market conditions. However, specific reasons for these changes are not detailed in the provided data.