Q4 2025 ICICI Prudential Life Insurance Company Ltd Earnings Call Transcript
Key Points
- ICICI Prudential Life Insurance Co Ltd (BOM:540133) reported a 15% year-on-year growth in Annual Premium Equivalent (APE) to INR104.07 billion for FY25.
- The company achieved a strong Retail Weighted Received Premium (RWRP) growth of 15.2% year-on-year.
- Retail new business sum assured increased by 37% year-on-year to INR3,324.49 billion.
- The claim settlement ratio was impressive at 99.3% for FY25, with an average turnaround time of 1.2 days for non-investigated individual claims.
- Profit After Tax (PAT) grew by 39.6% year-on-year to INR11.8 billion in FY25.
- The Non-linked Savings business saw a decline of 5.6% year-on-year, contributing 21.2% to APE.
- The Annuity business experienced a year-on-year decline of 7.8% in Q4 FY25 due to a high base effect from the previous year.
- The MFI segment in the credit life business faced challenges, impacting growth in this area.
- Group term business was affected by increased competition, impacting its performance.
- Operating assumption changes, particularly in mortality, led to a negative impact on VNB margins and embedded value.
Ladies and gentlemen, good day and welcome to the ICICI Prudential Life Insurance Company Limited, FY 2025 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Anup Bagchi, MD and CEO of ICICI Prudential Life Insurance Company Limited. Thank you, and over to you, sir.
Thank you very much. Good evening, and welcome to the results call of ICICI Prudential Life Insurance Company for the financial year 2025. I have several of my senior colleagues with me on this call. Amit Palta, Chief Product and Distribution Officer; Dhiren Salian, CFO; Ajit Das, Chief Human Resources and Operations; Deepak Kinger, Chief Risk and Governance Officer; Manish Kumar, Chief Investment Officer; Souvik, Appointed Actuary; Dhiraj Chugha, Chief Investor Relations Officer.
Let me take you through the key developments during the quarter before moving on to discuss the company's performance.
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